Lumberton Township, NJ—08048
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lumberton Township, NJ
As of Oct '25, the median home price in Lumberton Township, NJ is $485,000, with a year-over-year change of 3.0%. This indicates that home prices in Lumberton Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $485,000 | 3.0% |
| Single Family | $515,000 | 3.4% |
| Condos | $277,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $231,000 | 2.2% |
3 Bed | $349,000 | 1.7% |
4 Bed | $679,000 | 3.2% |
| 5 Bed | $789,000 | 3.4% |
% of Housing Stock
Rental Trends — Lumberton Township, NJ
As of July '25, Rentcast reports the average rent in Lumberton Township, NJ is $2,550, with a year-over-year rent change of 30.1%. Per bedroom, the median rent as of July '25 in Lumberton Township, NJ is 1-bedrooms: $1,340, 2-bedrooms: $2,080, 3-bedrooms: $2,640, 4-bedrooms: $5,950. The most common rental property sizes in Lumberton Township, NJ are 1-bedroom and 2-bedroom, accounting for 43.1% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,480 | $2,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,580 | $1,340 |
| 2 Bed Rent | $1,900 | $2,080 |
| 3 Bed Rent | $2,600 | $2,640 |
| 4 Bed Rent | $5,000 | $5,950 |
% of Rental Stock
Property Listings — Lumberton Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Lumberton Township, NJ is 56. This is a increase of 189.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $569,000 | -15.0% |
Listing Count | 33 | 27.0% |
| Listings as % of Homes | 0.5% | 27.0% |
Days on Market | 56 | 189.0% |
Demographics — Lumberton Township, NJ
As of the latest ACS Survey released in 2023, Lumberton Township, NJ has a population of 12,800, which has increased by 4.7% over the past 5 years. Lumberton Township, NJ is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 42.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,800 | 4.7% |
% Under 18 | 19.0% | -18.8% |
% Seniors | 15.7% | 11.3% |
% WFH | 15.5% | 244.4% |
% w/ College Degree | 42.4% | 2.4% |
As of the latest ACS Survey released in 2023, Lumberton Township, NJ is a predominantly white area, with 69.6% of the population identifying as white. The white population has grown by 6.1% in the last 5 years. The second most common race or ethnicity in Lumberton Township, NJ is black, making up 14.1% of the population. Foreign-born residents account for 8.3% of the population in Lumberton Township, NJ, and this percentage has increased by 2.5% 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 | 69.6% | 6.1% |
% Black | 14.1% | -20.3% |
% Hispanic | 6.9% | 11.3% |
% Asian | 5.4% | -14.3% |
% Foreign Born | 8.3% | 2.5% |
Mortgage and Risk — Lumberton Township, NJ
According to HUD data as of 2023, there were 225 mortgage originations in Lumberton Township, NJ, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Lumberton 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 | 225 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Lumberton Township, NJ
As of 2024, the percent of homes in Lumberton Township, NJ under the Section 8 program is 9.8%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lumberton Township, NJ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 126 |
Total Units Section 8 | 126 |
% Rentals under Section 8 | 9.8% |
% Occupied Section 8 | 99.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,580 | $1,800 |
| 2 Bedroom | $240 | $1,900 | $2,140 |
| 3 Bedroom | -$20 | $2,600 | $2,580 |
| 4 Bedroom | -$2,070 | $5,000 | $2,930 |
Affordability — Lumberton Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $485,000 |
| Median Household Income | $112,000 |