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Burlington city, NJ

ZIP 08016 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08016

Median Home Value
$308,000
Median Rent
$1,151
Affordability Snapshot
$85,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,979/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

22.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 08016 in Burlington city, NJ, a household would need roughly $85,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,979. That is roughly in line with the local median household income ($92,560). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
73.1%+12% vs US avg
x
Vacancy Rate
6.3%-39% vs US avg
x
Broadband Access
93.2%+7% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
5.9%-54% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
26.5%-47% vs US avg
x
Mortgage-Free
31.2%-18% vs US avg
x
$308,000
Home Value
$1,151
Rent
1975
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached58.3%
  • 1-unit attached18.3%
  • 2-9 units7.3%
  • 10+ units16.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$308,000
Median rent$1,151
Owner-occupied73.1%
Vacant6.3%
Price-to-income3.3x
Est. income to buy$85,000