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ZIP Code · NJ

ZIP 08055

Pop. 29,109·Burlington County·36th most expensive ZIP in New Jersey
Median rent (all units)
$3,095/mo
Year-over-Year
Stable
Month-over-Month
+58.7%
vs US Median
+$1,130
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 08055 · $3,095
More expensive than 91% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,500
1 BR
$1,640
2 BR
$1,950
3 BR
$2,340
4 BR+
$2,610
Research median
$1,950/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
$37,140/yr
At $3,095/mo median
Location
StateNJ
CountyBurlington County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +58.7% MoM), not inventory.
Demographics

Who lives here

ZIP 08055 (Medford Township, NJ) is majority owner-occupied, has a large retiree population, has a median income above the national average, 62.7% of residents hold a bachelor's degree or higher.

Population
29,109
Median income
$155,710
Median age
46.1
Renters
11.6%
Age distribution
22.2%
14.9%
25.8%
16.1%
21.1%
Under 1822.2%
18–3414.9%
35–5425.8%
55–6416.1%
65+21.1%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
89%
White89%
Black2.1%
Hispanic2.7%
Asian3.2%
Other3%
Education (25+)
14.6%
21.2%
62.7%
No HS diploma1.6%
HS diploma14.6%
Some college21.2%
Bachelor's+62.7%
Housing tenure
88.4%
Owner88.4%
Renter11.6%

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

2021 vs 2026

How ZIP 08055 in Medford Township, NJ has changed in 5 years

Income
$140,441 → $155,710
up 10.9%
Population
28,519 → 29,109
up 2.1%
Renter share
11.2% → 11.6%
+0.4 pts
Bachelor's+
59.7% → 62.7%
+3.0 pts
Median age
46.8 → 46.1
-0.7 yrs

Census figures show median household income at $155,710 today, compared with $140,441 five years earlier. Headcount in the area went from 28,519 to 29,109 between 2021 and 2024, a 2.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 59.7% to 62.7%.

Community

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Local insights

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About renting in ZIP 08055

Last updated: July 20, 2026

ZIP code 08055 covers Medford Township, NJ. The median rent here is $3,095/mo as of July 2026. A 1-bedroom rents for a median of $1,640/mo. A 2-bedroom rents for a median of $1,950/mo.

At 24% of local median household income ($155,710/yr), ZIP 08055 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 is rent in ZIP code 08055?

As of July 20, 2026, the median monthly rent in ZIP 08055 (Medford Township, NJ) is $3,095. This is based on aggregated data from public sources and community submissions.

How does ZIP 08055 rent compare to the US average?

ZIP 08055's median rent of $3,095/mo is $1,130 (58%) above the US national median of $1,965/mo.

How does ZIP 08055 compare to other ZIPs in New Jersey?

ZIP 08055 is one of the pricier ZIP codes in New Jersey, ranking #36 out of 212 ZIPs tracked at $3,095/mo.

How much income do you need to rent in ZIP 08055?

To keep rent at or below 30% of gross income, you would need to earn at least $124,000/year (~$60/hour full-time) to afford the median rent of $3,095/mo in ZIP 08055. The local median household income is $155,710/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 08055?

Rent in ZIP 08055 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 08055 an affordable place to rent?

ZIP 08055 is considered very affordable for renters. At $3,095/mo, rent takes approximately 24% of the local median household income ($155,710/yr). The standard benchmark is 30%. ZIP 08055 falls comfortably within that range.

What percentage of ZIP 08055 residents rent vs. own?

According to Census data, approximately 11.6% of ZIP 08055 households are renters, while 88.4% are owner-occupied. ZIP 08055 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 08055 compare to the rest of Medford Township?

ZIP 08055 is pricier than Medford Township as a whole. At $3,095/mo, it's $203 above the Medford Township citywide median of $2,892/mo.

When was rent data for ZIP 08055 last updated?

Rent data for ZIP 08055 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $3,095/mo, rent takes ~24% of ZIP 08055's median household income ($155,710/yr). The standard benchmark is 30%.

ZIP 08055 24%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 08055 (Medford Township, NJ)

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