Burlington County Home Prices & Values

$210,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.3% 1-year change
  • 1.2% 1-year forecast

The median home value in Burlington County is $210,100. Burlington County home values have gone up 4.3% over the past year and Zillow predicts they will rise 1.2% within the next year. The median list price per square foot in Burlington County is $131, which is lower than the Philadelphia Metro average of $131. The median price of homes currently listed in Burlington County is $220,000 while the median price of homes that sold is $223,050. The median rent price in Burlington County is $1,490, which is higher than the Philadelphia Metro median of $1,365.

Foreclosures will be a factor impacting home values in the next several years. In Burlington County 0.5 homes are foreclosed (per 10,000). This is lower than the Philadelphia Metro value of 4.7 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Burlington County is 14.2%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Burlington County homeowners underwater on their mortgage is 22.5%, which is higher than Philadelphia Metro at 20.1%.

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Relative ZHVI
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Burlington County Market Overview

Data through Aug 31, 2014
  • $210,100 ZHVI
  • 1.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $220,000 Median listing price
  • $223,050 Median sale price
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Burlington County Market Health

Data through Aug 31, 2014
  • 4.7/10 Stable What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No recent data Average days on Zillow
  • 22.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 14.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.5 homes Burlington County
4.7 homes Philadelphia Metro
4.3 homes United States
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Cities in Burlington County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Shamong $309,600 Tabernacle $280,000 Medford Lakes $264,700
Southampton $228,100 Presidential Lakes Estates $161,400 Pemberton Township $157,000
Country Lake Estates $146,800 Browns Mills $136,500 Leisuretowne $120,100

Listings & Sales

Data through Aug 31, 2014
  • $131 Median list price / sq ft
  • $130 Median sale price / sq ft
  • 47.4% Listings with price cut
26.2%
Sold below listing
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Burlington County Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,694 Burlington County
$1,551 Philadelphia Metro
$1,328 United States
  • 2.2 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,490 Rent list price
  • $1.13 Rent list price / sq ft
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