Burlington Township, NJ—08016
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burlington Township, NJ
As of Oct '25, the median home price in Burlington Township, NJ is $392,000, with a year-over-year change of 2.6%. This indicates that home prices in Burlington Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $392,000 | 2.7% |
| Single Family | $404,000 | 2.3% |
| Condos | $165,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $240,000 | 2.1% |
3 Bed | $389,000 | 3.5% |
4 Bed | $518,000 | 3.8% |
| 5 Bed | $429,000 | 2.9% |
% of Housing Stock
Rental Trends — Burlington Township, NJ
As of July '25, Rentcast reports the average rent in Burlington Township, NJ is $2,080, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Burlington Township, NJ is studios: $1,200, 1-bedrooms: $1,440, 2-bedrooms: $2,070, 3-bedrooms: $2,350, 4-bedrooms: $2,850. The most common rental property sizes in Burlington Township, NJ are 1-bedroom and 2-bedroom, accounting for 53.3% and 20.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $2,080 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $1,400 | $1,440 |
| 2 Bed Rent | $1,880 | $2,070 |
| 3 Bed Rent | $2,200 | $2,350 |
| 4 Bed Rent | $2,700 | $2,850 |
% of Rental Stock
Property Listings — Burlington Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Burlington Township, NJ is 46. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 25.0% |
Listing Count | 146 | 28.0% |
| Listings as % of Homes | 0.7% | 28.0% |
Days on Market | 46 | -1.0% |
Demographics — Burlington Township, NJ
As of the latest ACS Survey released in 2023, Burlington Township, NJ has a population of 34,800, which has increased by 4.2% over the past 5 years. Burlington Township, NJ is a moderately popular place for families, as children make up 20.3% of the population. The area has a moderately educated workforce, with 33.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,800 | 4.2% |
% Under 18 | 20.3% | -12.5% |
% Seniors | 16.1% | 11.8% |
% WFH | 12.2% | 293.5% |
% w/ College Degree | 33.9% | 15.7% |
As of the latest ACS Survey released in 2023, Burlington Township, NJ is a predominantly white area, with 43.8% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Burlington Township, NJ is black, making up 34.7% of the population. Foreign-born residents account for 14.8% of the population in Burlington Township, NJ, and this percentage has increased by 21.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 43.8% | -11.2% |
% Black | 34.7% | 15.7% |
% Hispanic | 9.1% | -12.5% |
% Asian | 7.0% | 14.8% |
% Foreign Born | 14.8% | 21.3% |
Mortgage and Risk — Burlington Township, NJ
According to HUD data as of 2023, there were 581 mortgage originations in Burlington Township, NJ, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Burlington Township, NJ. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 581 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Burlington Township, NJ
As of 2024, the percent of homes in Burlington Township, NJ under the Section 8 program is 7.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Burlington Township, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 392 |
Total Units Section 8 | 231 |
% Rentals under Section 8 | 7.0% |
% Occupied Section 8 | 98.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,400 | $1,410 |
| 2 Bedroom | -$200 | $1,880 | $1,680 |
| 3 Bedroom | -$180 | $2,200 | $2,020 |
| 4 Bedroom | -$400 | $2,700 | $2,300 |
Affordability — Burlington Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $392,000 |
| Median Household Income | $92,600 |