Mt Laurel Township, NJ—08054
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mt Laurel Township, NJ
As of Oct '25, the median home price in Mt Laurel Township, NJ is $393,000, with a year-over-year change of 2.4%. This indicates that home prices in Mt Laurel Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $393,000 | 2.4% |
| Single Family | $475,000 | 2.6% |
| Condos | $274,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $221,000 | 1.8% |
2 Bed | $294,000 | 2.4% |
3 Bed | $423,000 | 3.2% |
4 Bed | $633,000 | 3.8% |
| 5 Bed | $731,000 | 4.0% |
% of Housing Stock
Rental Trends — Mt Laurel Township, NJ
As of July '25, Rentcast reports the average rent in Mt Laurel Township, NJ is $2,540, with a year-over-year rent change of 3.7%. Per bedroom, the median rent as of July '25 in Mt Laurel Township, NJ is studios: $2,410, 1-bedrooms: $2,000, 2-bedrooms: $2,220, 3-bedrooms: $3,060, 4-bedrooms: $3,380. The most common rental property sizes in Mt Laurel Township, NJ are 2-bedroom and 3-bedroom, accounting for 45.6% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,540 |
| Studio Rent | $2,610 | $2,410 |
| 1 Bed Rent | $1,980 | $2,000 |
| 2 Bed Rent | $2,200 | $2,220 |
| 3 Bed Rent | $2,800 | $3,060 |
| 4 Bed Rent | $3,400 | $3,380 |
% of Rental Stock
Property Listings — Mt Laurel Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Mt Laurel Township, NJ is 18. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | -4.0% |
Listing Count | 130 | -19.0% |
| Listings as % of Homes | 0.6% | -19.0% |
Days on Market | 18 | -9.0% |
Demographics — Mt Laurel Township, NJ
As of the latest ACS Survey released in 2023, Mt Laurel Township, NJ has a population of 45,400, which has increased by 9.4% over the past 5 years. Mt Laurel Township, NJ is a moderately popular place for families, as children make up 19.0% of the population. The area has a highly educated workforce, with 56.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,400 | 9.4% |
% Under 18 | 19.0% | -7.3% |
% Seniors | 19.7% | 7.7% |
% WFH | 18.8% | 268.6% |
% w/ College Degree | 56.3% | 6.8% |
As of the latest ACS Survey released in 2023, Mt Laurel Township, NJ is a predominantly white area, with 65.1% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Mt Laurel Township, NJ is black, making up 13.4% of the population. Foreign-born residents account for 14.4% of the population in Mt Laurel Township, NJ, and this percentage has increased by 19.0% 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 | 65.1% | -10.9% |
% Black | 13.4% | 35.4% |
% Hispanic | 6.4% | 28.0% |
% Asian | 9.3% | -2.1% |
% Foreign Born | 14.4% | 19.0% |
Mortgage and Risk — Mt Laurel Township, NJ
According to HUD data as of 2023, there were 973 mortgage originations in Mt Laurel Township, NJ, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Mt Laurel Township, NJ. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 973 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mt Laurel Township, NJ
As of 2024, the percent of homes in Mt Laurel Township, NJ under the Section 8 program is 1.5%. 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. In Mt Laurel Township, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 96 |
Total Units Section 8 | 92 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,980 | $1,840 |
| 2 Bedroom | -$10 | $2,200 | $2,190 |
| 3 Bedroom | -$160 | $2,800 | $2,640 |
| 4 Bedroom | -$400 | $3,400 | $3,000 |
Affordability — Mt Laurel Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $393,000 |
| Median Household Income | $115,000 |