Browns Mills, NJ—08015
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Browns Mills, NJ
As of Oct '25, the median home price in Browns Mills, NJ is $321,000, with a year-over-year change of 1.1%. This indicates that home prices in Browns Mills, NJ are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $321,000 | 1.1% |
| Single Family | $321,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $253,000 | 1.2% |
3 Bed | $325,000 | 3.8% |
4 Bed | $374,000 | 4.2% |
| 5 Bed | $387,000 | 3.8% |
% of Housing Stock
Rental Trends — Browns Mills, NJ
As of July '25, Rentcast reports the average rent in Browns Mills, NJ is $2,390, with a year-over-year rent change of 5.8%. Per bedroom, the median rent as of July '25 in Browns Mills, NJ is studios: $1,250, 1-bedrooms: $1,500, 2-bedrooms: $1,680, 3-bedrooms: $2,430, 4-bedrooms: $2,760. The most common rental property sizes in Browns Mills, NJ are 2-bedroom and 3-bedroom, accounting for 36.1% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,390 |
| Studio Rent | $1,250 | $1,250 |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | $1,500 | $1,680 |
| 3 Bed Rent | $2,400 | $2,430 |
| 4 Bed Rent | $2,600 | $2,760 |
% of Rental Stock
Property Listings — Browns Mills, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Browns Mills, NJ is 34. This is a increase of 11.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 4.0% |
Listing Count | 94 | 20.0% |
| Listings as % of Homes | 1.1% | 20.0% |
Days on Market | 34 | 11.0% |
Demographics — Browns Mills, NJ
As of the latest ACS Survey released in 2023, Browns Mills, NJ has a population of 19,100, which has decreased by -2.3% over the past 5 years. Browns Mills, NJ is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,100 | -2.3% |
% Under 18 | 19.1% | -17.0% |
% Seniors | 19.3% | 35.9% |
% WFH | 5.4% | 575.0% |
% w/ College Degree | 19.0% | 45.0% |
As of the latest ACS Survey released in 2023, Browns Mills, NJ is a predominantly white area, with 63.1% of the population identifying as white. The white population has grown by 4.1% in the last 5 years. The second most common race or ethnicity in Browns Mills, NJ is black, making up 15.0% of the population. Foreign-born residents account for 6.0% of the population in Browns Mills, NJ, and this percentage has decreased by 26.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.1% | 4.1% |
% Black | 15.0% | -24.2% |
% Hispanic | 13.6% | 29.5% |
% Asian | 3.5% | 16.7% |
% Foreign Born | 6.0% | -26.8% |
Mortgage and Risk — Browns Mills, NJ
According to HUD data as of 2023, there were 433 mortgage originations in Browns Mills, NJ, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Browns Mills, NJ. Investor activity is low, as 2.0% 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 | 433 |
% Conventional Loans | 49.0% |
% Government Loans | 51.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Browns Mills, NJ
As of 2024, the percent of homes in Browns Mills, NJ under the Section 8 program is 12.8%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Browns Mills, NJ, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 144 |
Total Units Section 8 | 144 |
% Rentals under Section 8 | 12.8% |
% Occupied Section 8 | 99.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,500 | $1,490 |
| 2 Bedroom | $280 | $1,500 | $1,780 |
| 3 Bedroom | -$260 | $2,400 | $2,140 |
| 4 Bedroom | -$160 | $2,600 | $2,440 |
Affordability — Browns Mills, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $321,000 |
| Median Household Income | $78,900 |