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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Burlington, NJ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Burlington, NJ Housing Market Trends

With 10,016 people, 3,629 houses or apartments, and a median cost of homes of $257,572, Burlington real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Burlington homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Burlington, accounting for 49.90% of the city's housing units. Other types of housing that are prevalent in Burlington include row houses and other attached homes ( 28.70%), large apartment complexes or high rise apartments ( 12.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.54%).

The most prevalent building size and type in Burlington are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.79% owning and 35.21% renting.

The housing in Burlington was primarily built before 1939 ( 45.60%), making the housing stock in Burlington some of the oldest overall in America, although there is a range of ages of homes in Burlington. The next most important housing age is between 1940-1969 ( 26.97%), followed by between 1970-1999 ( 21.57%). There's also some housing in Burlington built between 2000 and later ( 5.86%).

Vacant housing appears to be an issue in Burlington. Fully 10.22% of the housing stock is classified as vacant. Left unchecked, vacant Burlington homes and apartments can be a drag on the real estate market, holding Burlington real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Burlington Home Appreciation Rates

Real estate appreciation rates in Burlington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.66% during the period.

Appreciation rates are so strong in Burlington that despite a nationwide downturn in the housing market, Burlington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Burlington appreciation rates continue to be some of the highest in America, at 7.25%, which is higher than appreciation rates in 84.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Burlington. Burlington appreciation rates in the latest quarter were at 2.80%, which equates to an annual appreciation rate of 11.66%.

Relative to New Jersey, our data show that Burlington's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Burlington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Burlington - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Burlington real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$257,572

Burlington, NJ Home Prices
> $1,454,000
$1,090,001 - $1,454,000
$727,001 - $1,090,000
$581,001 - $727,000
$436,001 - $581,000
$291,001 - $436,000
$145,001 - $291,000
$73,001 - $145,000
$0 - $73,000
0.0%
0.0%
0.0%
0.0%
0.2%
0.2%
1.8%
1.8%
10.0%
10.0%
27.3%
27.3%
53.1%
53.1%
6.1%
6.1%
1.7%
1.7%
0% 100.0%
% of Homes
Very Low

for New jersey

Average

for nation

Number of Homes And Apartments:

3,629

Burlington Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,349 / per month

Homeownership Rate

Owners
Renters
Vacant
64.8%
64.8%
35.2%
35.2%
10.2%
10.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.9%
5.9%
21.6%
21.6%
27.0%
27.0%
45.6%
45.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
49.9%
49.9%
28.7%
28.7%
8.5%
8.5%
12.9%
12.9%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
11.3%
11.3%
21.4%
21.4%
36.0%
36.0%
23.8%
23.8%
6.1%
6.1%
0% 100.0%
% of Homes