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ZIP Code · NJ

ZIP 08054

Pop. 46,026·Burlington County·151st most expensive ZIP in New Jersey
Median rent (all units)
$2,289/mo
Year-over-Year
+2.9%
Month-over-Month
+0.3%
vs US Median
+$324
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 08054 · $2,289
More expensive than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,900
1 BR
$2,070
2 BR
$2,460
3 BR
$2,950
4 BR+
$3,290
Research median
$2,460/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: July 20, 2026

Annual cost
$27,468/yr
At $2,289/mo median
Location
StateNJ
CountyBurlington County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.9% YoY, +0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 08054 (Mt Laurel Township, NJ) is majority owner-occupied, has a large retiree population, has a median income above the national average, 57.6% of residents hold a bachelor's degree or higher.

Population
46,026
Median income
$118,802
Median age
43
Renters
23%
Age distribution
18.4%
19.6%
27.3%
14.1%
20.7%
Under 1818.4%
18–3419.6%
35–5427.3%
55–6414.1%
65+20.7%
Gender
46.4%
53.6%
Male46.4%
Female53.6%
Race & ethnicity
66.3%
13.4%
White66.3%
Black13.4%
Hispanic5.3%
Asian10.4%
Other4.7%
Education (25+)
17.1%
21.5%
57.6%
No HS diploma3.9%
HS diploma17.1%
Some college21.5%
Bachelor's+57.6%
Housing tenure
77%
23%
Owner77%
Renter23%

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

2021 vs 2026

How ZIP 08054 in Mt Laurel Township, NJ has changed in 5 years

Rent
$1,699 → $2,289
up 34.7%
Income
$103,399 → $118,802
up 14.9%
Population
44,473 → 46,026
up 3.5%
Renter share
23.1% → 23%
-0.1 pts
Bachelor's+
54.2% → 57.6%
+3.4 pts

The median rent in ZIP 08054 in Mt Laurel Township, NJ stood at $1,699 in 2021 and currently runs about $2,289, reflecting a 34.7% increase over the period. On the earnings side, the typical household in ZIP 08054 in Mt Laurel Township, NJ now reports about $118,802, up from $103,399 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.5% since 2021, moving from about 44,473 residents to roughly 46,026. College-educated residents now make up 57.6% of adults here, versus 54.2% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 08054 in Mt Laurel Township, NJ reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 08054

Last updated: July 20, 2026

ZIP code 08054 covers Mt Laurel Township, NJ. The median rent here is $2,289/mo as of July 2026. A 1-bedroom rents for a median of $2,070/mo. A 2-bedroom rents for a median of $2,460/mo.

At 23% of local median household income ($118,802/yr), ZIP 08054 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 08054?

As of July 20, 2026, the median monthly rent in ZIP 08054 (Mt Laurel Township, NJ) is $2,289. This is based on aggregated data from public sources and community submissions.

How does ZIP 08054 rent compare to the US average?

ZIP 08054's median rent of $2,289/mo is $324 (16%) above the US national median of $1,965/mo.

How does ZIP 08054 compare to other ZIPs in New Jersey?

ZIP 08054 is among the more affordable ZIP codes in New Jersey, ranking #151 out of 212 ZIPs at $2,289/mo.

How much income do you need to rent in ZIP 08054?

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (~$44/hour full-time) to afford the median rent of $2,289/mo in ZIP 08054. The local median household income is $118,802/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 08054?

Rent in ZIP 08054 has increased 2.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 08054 an affordable place to rent?

ZIP 08054 is considered very affordable for renters. At $2,289/mo, rent takes approximately 23% of the local median household income ($118,802/yr). The standard benchmark is 30%. ZIP 08054 falls comfortably within that range.

What percentage of ZIP 08054 residents rent vs. own?

According to Census data, approximately 23% of ZIP 08054 households are renters, while 77% are owner-occupied. ZIP 08054 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 08054 compare to the rest of Mt Laurel Township?

ZIP 08054 is more affordable than Mt Laurel Township overall. At $2,289/mo, it's $1 below the Mt Laurel Township citywide median of $2,290/mo.

When was rent data for ZIP 08054 last updated?

Rent data for ZIP 08054 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $2,289/mo, rent takes ~23% of ZIP 08054's median household income ($118,802/yr). The standard benchmark is 30%.

ZIP 08054 23%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 08054 (Mt Laurel Township, NJ)

Recent submissions

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