Burlington County, New Jersey Housing Market Prices
Burlington County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 29% below the New Jersey median Cheaper than 70% of counties in New Jersey$248,885
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Median rent 1% above the New Jersey median$1,741
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Burlington County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $248,885 | $352,792 | $248,835 |
| Price Trend (Annual %) | 4.7% | 4.4% | 7.5% |
| Median Gross Rent | $1,741 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Burlington County is about 29% lower than in New Jersey. Rent is about 1% higher than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Burlington County, up about 4.7% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Burlington County rose about 44.4% between 2015 and 2024, from $1,206 to $1,741. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Burlington County.
Buying the median-priced home in Burlington County costs roughly 11.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Burlington County. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Burlington County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $248,885 | $352,792 | $248,835 |
| Median Household Income | $108,527 | $103,817 | $80,455 |
| Price-to-Income Ratio | 2.3 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Burlington County rose about 38.1%, while median household income rose about 40.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Burlington County | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.4% | 59.1% | 58.5% |
| Rental Rate | 22.7% | 33.5% | 31.2% |
| Vacancy Rate | 4.9% | 7.5% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Burlington County has a homeownership rate of 72.4%, higher than the New Jersey average of 59.1%. Its housing vacancy rate is 4.9%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Burlington County | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1972 | 1968 | 1978 |
| Median Number of Rooms | 6.5 | 5.7 | 5.5 |
The typical housing unit in Burlington County was built around 1972. On average, 2.6 people live in a home with about 6.5 rooms, staying for about 17.0 years on average.
Burlington County, NJ Housing Compared With Nearby Counties
Burlington County, NJ is typical in size for this group, 467,571 residents against a local median of 526,561, so the measures below are close to a like for like comparison. Where Burlington County, NJ breaks from the counties next to it is median rent, sitting 24% above the local median of $1,402 at $1,741.
Homeownership tells the same story from another angle: 76.1% against a local median of 64.7%, 18% above it. The one measure here that carries a verdict is homeownership, and at 18% above the local median it puts Burlington County, NJ at the better end of the local range. The counties themselves spread $380 on median rent, so Burlington County, NJ sits at one end of an already wide local range rather than apart from it. Burlington County, NJ has the 2nd highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Burlington County, NJ | 467,571 | $248,885 #3/6 | $1,741 #2/6 | 76.1% #2/6 |
| Camden County, NJ | 526,561 | $239,503 | $1,402 | 64.7% |
| Mercer County, NJ | 385,681 | $246,616 | $1,622 | 62.2% |
| Atlantic County, NJ | 276,076 | $328,302 | $1,375 | 68.7% |
| Ocean County, NJ | 654,303 | $381,212 | $1,755 | 80.7% |
| Philadelphia County, PA | 1,579,069 | $209,765 | $1,396 | 51.8% |
Frequently Asked Questions
Common questions about the housing market in Burlington County, New Jersey.
What is the median home price in Burlington County, New Jersey?
The median home price in Burlington County, New Jersey is $248,885, lower than the New Jersey average of $352,792.
What is the average home price in Burlington County, New Jersey?
The typical home price in Burlington County, New Jersey, reported as the median sale price, is $248,885. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Burlington County, New Jersey?
The median gross rent in Burlington County, New Jersey is $1,741 per month, higher than the New Jersey average of $1,719.
What was the median gross rent in Burlington County in 2020?
In 2020, the median gross rent in Burlington County, New Jersey was $1,382 per month.
What is the price-to-rent ratio in Burlington County, New Jersey?
The price-to-rent ratio in Burlington County, New Jersey is about 11.9, meaning it would take roughly 11.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Burlington County.
Are home prices or rent rising faster in Burlington County, New Jersey?
Both home prices and rent are rising in Burlington County, up about 4.7% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Burlington County, New Jersey?
72.4% of households in Burlington County, New Jersey own their home, higher than the New Jersey average of 59.1%.
What is the vacancy rate in Burlington County, New Jersey?
The housing vacancy rate in Burlington County, New Jersey is 4.9%, lower than the New Jersey average of 7.5%.
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