Burlington, NJ Real Estate
According to census data in the year 2000 there were 4,181 housing units in Burlington.
This represents a 3.1% growth from 4,056 in 1990.
Of those housing units, 4,181 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Burlington is about 65.7%.
Burlington's vacancy rate, including seasonal lodging, is about 6.8%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in Burlington were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 15.70% |
| Two Bedrooms | 20% |
| Three Bedrooms | 40.60% |
| Four Bedrooms | 18% |
| Five Bedrooms or more | 4.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $97,600 |
| Median Price asked for vacant units | $105,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1950 |
| Median Monthly Rent asked for vacant units | $557 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 7.90% |
| Simple Mortgage | 47.20% |
| Debt Free | 39.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.5% |
