Burlington, NJ is a great place to invest in real estate. The median value of housing is currently $324,600, which is lower than the US median value of $338,100. This gives potential investors a lower barrier of entry into the real estate market in Burlington. Furthermore, the one-year house appreciation rate in Burlington is 15.62%, significantly higher than the US average of 8.27%. This makes Burlington an attractive option for those who are looking to invest in property and benefit from rising property values.
The median home cost in Burlington city is $324,600. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Burlington city is up 18.1%.
Average Age of Homes
- The median age of Burlington city real estate is 77 years old
The Rental Market in Burlington city
- Renters make up 32.7% of the Burlington city population
- 0.8% of houses and apartments in Burlington city, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.