ZIP Code · NJ

ZIP 08016

Part of Burlington Township, NJ

Pop. 34,920·Burlington County·150th most expensive ZIP in New Jersey

Median rent (all units)

$2,257/mo

Year-over-Year

Stable

Month-over-Month

+0.3%

vs US Median

+$325

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 08016 · $2,257

More expensive than 72% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,320

1 BR

$1,440

2 BR

$1,710

3 BR

$2,050

4 BR+

$2,290

Research median

$1,710/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($98,463) is $2,462 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,290).

Cheaper nearby

ZIP 08010, 5 miles away, rents for 17% less ($1,883/mo), about $4,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 08016. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$27,084/yr

At $2,257/mo median

Location

CityBurlington Township

StateNJ

CountyBurlington County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 08016 (Burlington Township, NJ) is majority owner-occupied, has a median income above the national average, 35.2% of residents hold a bachelor's degree or higher.

Population

34,920

Median income

$98,463

Median age

42.1

Renters

26.9%

Age distribution

19%

22.5%

25.9%

16.9%

15.8%

Under 1819%

18–3422.5%

35–5425.9%

55–6416.9%

65+15.8%

Gender

48.6%

51.4%

Male48.6%

Female51.4%

Race & ethnicity

45%

35.5%

White45%

Black35.5%

Hispanic9%

Asian5.5%

Other5.1%

Education (25+)

25%

32.3%

35.2%

No HS diploma7.5%

HS diploma25%

Some college32.3%

Bachelor's+35.2%

Housing tenure

73.1%

26.9%

Owner73.1%

Renter26.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 08016 in Burlington Township, NJ has changed in 5 years

Income

$86,185 → $98,463

up 14.2%

Population

34,433 → 34,920

up 1.4%

Renter share

25.6% → 26.9%

+1.3 pts

Bachelor's+

31.4% → 35.2%

+3.8 pts

Median age

40.4 → 42.1

+1.7 yrs

Census figures show median household income at $98,463 today, compared with $86,185 five years earlier. Headcount in the area went from 34,433 to 34,920 between 2021 and 2024, a 1.4% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 31.4% to 35.2%.

Community

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Local insights

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About renting in ZIP 08016

Last updated: October 17, 2026

ZIP code 08016 covers Burlington Township, NJ. The median rent here is $2,257/mo as of October 2026. A 1-bedroom rents for a median of $1,440/mo. A 2-bedroom rents for a median of $1,710/mo.

At 28% of local median household income ($98,463/yr), ZIP 08016 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 08016?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (about $43/hour full-time) to afford the median rent of $2,257/mo in ZIP 08016. The local median household income is $98,463/yr, so the typical household meets that bar.