The typical owner-occupied home in Burlington County is worth about $354,000, 22% below the New Jersey median of $454,400 and 6% above the national median of $332,700. Owners pay a median $7,983 a year in property taxes, about 2.26% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $108,111 a year, so the median home costs 3.3 times the median income (4.4 times for New Jersey). 76% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Burlington County at a glance
| Burlington County | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $354,000 | $454,400 | $332,700 |
| Median property tax paid per year | $7,983 | $9,590 | $3,119 |
| Property tax as a share of value | 2.26% | 2.11% | 0.94% |
| Median household income | $108,111 | $103,556 | $80,734 |
| Homes lived in by their owners | 76% | 64% | 65% |
| Owner homes with a mortgage | 66% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,408 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 22.9% | 21.0% |
| Median rent | $1,745 | $1,720 | $1,413 |
| Rent as a share of renters' income | 31.2% | 30.9% | 30.6% |
| Median year homes were built | 1977 | 1970 | 1980 |
| Vacant homes | 4.9% | 7.5% | 10.1% |
| Population | 467,805 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Burlington County
At this week's average 30-year rate of 7.11%, buying the median Burlington County home of $354,000 with 20% down costs about $2,719 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,309, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $116,541 for the 20%-down payment. That payment is 30% of the median Burlington County household income of $108,111; at that income and 20% down, the 28% guideline points to a home of about $328,000.
The median rent here is $1,745 a month, so owning the median home costs about $974 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $70,800 |
|---|---|
| Loan amount | $283,200 |
| Principal and interest | $1,905 |
| Property taxes (2.26% a year) | $667 |
| Homeowners insurance (our estimate, 0.5% a year) | $148 |
| PMI | $0 |
| Total per month | $2,719 |
Change the numbers in the calculator
| Down payment | $12,390 |
|---|---|
| Loan amount | $347,588 |
| Principal and interest | $2,338 |
| Property taxes (2.26% a year) | $667 |
| Homeowners insurance (our estimate, 0.5% a year) | $148 |
| FHA mortgage insurance | $157 |
| Total per month | $3,309 |
Change the numbers in the calculator
Questions about home buying in Burlington County
What is the median home value in Burlington County?
About $354,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Burlington County?
Homeowners pay a median $7,983 a year, which is about 2.26% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Burlington County?
For the median home with 20% down at 7.11%, the payment is about $2,719 a month. Keeping that under 28% of gross income takes about $116,541 a year.
More about Burlington County
- Mortgage Refinance in Burlington County
- Debt Relief in Burlington County
- Home Equity Loans in Burlington County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data