Burlington County Real Estate and Livability Trends
Burlington County, New Jersey has shown strong growth in median home values, reaching $304,600 in 2022, up from $245,000 in 2015. Interestingly, local income taxes and real estate taxes have also increased, likely contributing to higher property values. The student-to-teacher ratio has improved significantly, now around 11:1, which might attract families and boost demand for residential... Read more
Burlington County Market Trends
Burlington County, New Jersey's real estate market has showcased notable growth in median home values, climbing to $304,600 in 2022 from $245,000 in 2015. While this is slightly below the state average, it's impressive compared to national trends. The average residential energy tax credit peaked at $4,003.42 in 2018, perhaps reflecting increased interest in energy-efficient homes. Real estate... Read more
Median Value of Occupied Housing Units in Burlington County, New Jersey Over the Last 8 Years
Burlington County, New Jersey has experienced an upward trend in median home values over the last eight years, rising from $245,000 in 2015 to $304,600 in 2022. While these increases reflect a healthy appreciation in property value, they lag slightly behind the state average, where median home values jumped from $315,900 to $401,400 in the same period. Even though Burlington County's growth is more subdued compared to the broader state trend, it outpaces the national average, which saw a rise from $125,500 in 2015 to $179,400 in 2022. For potential investors, Burlington County presents a compelling balance of steady growth and relative affordability within New Jersey.
Residential Energy Tax Credit Per Tax Return in Burlington County, NJ Over the Last 9 Years
Over the past nine years, Burlington County, New Jersey has seen a significant increase in the average residential energy tax credit per tax return, reaching its peak at $4,003.42 in 2018. These fluctuations might indicate a growing interest in energy-efficient investments among residents. Such trends can be crucial for potential investors, real estate agents, and insurance agents who should consider the potential for energy-efficient home incentives as a value-add in property appraisals and sales pitches. Additionally, for individuals aiming to move to this county, the availability of such credits may ease the financial burden of adopting sustainable living practices.
Average Real Estate Taxes Per Tax Return in Burlington County, NJ Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Burlington County, New Jersey have shown a steady increase. From $7,147.14 in 2012, taxes have climbed consistently, reaching a peak at $9,415.82 in 2020. This trend is significant for those looking to invest or move into the area, indicating rising property values and potentially higher costs of ownership. For appraisers, insurance agents, and real estate professionals, this data suggests a robust property market, but also underscores the importance of considering tax implications when evaluating property desirability and affordability.
Percentage of Farm Returns in Burlington County, NJ Over the Last 10 Years
Farm tax returns in Burlington County, New Jersey, have hovered around 0.29% over the past decade, with slight fluctuations. This trend indicates a consistent presence of agricultural activities, despite a gradual decline from 2014's peak of 0.29% to a low of 0.25% in 2021. These returns are critical for property assessments and can influence agricultural investment decisions, giving potential investors or residents a glimpse into the area's commitment to preserving farmland and supporting local agriculture. It suggests that while the farming sector remains steady, there may be emerging opportunities or challenges that require closer scrutiny for anyone looking to engage with or move to the county.
Number of Mortgages by Occupancy Type in Burlington County, NJ Over the Last 5 Years in Burlington County
In Burlington County, New Jersey, over the past five years, there has been a noticeable trend in mortgage distributions across different occupancy types. Principal residences consistently dominate, with numbers peaking at over 40,000 in 2021. Investment properties and second residences show much lower counts, though investment properties saw a peak in 2021 before declining sharply in 2022. This trend might be indicative of shifting priorities or economic factors influencing the local housing market. For potential investors, understanding these trends can offer insights into market demand and potential return on investment. Those considering moving to the area might gauge community stability and future development plans. Real estate agents and appraisers can better predict market conditions and property values, whereas insurance agents could adjust risk assessments based on occupancy types. Builders and developers might also pivot strategies to align with prevalent housing needs.
Economic Outlook
Burlington County, New Jersey has seen a notable increase in average taxable income per tax return, rising from $72,552.23 in 2013 to approximately $99,968.90 by 2021. This growth suggests a robust local economy and potential opportunities for investors and homebuyers. Alongside this, state and local income taxes have nearly doubled over the past decade, which could impact property values and desirability. The average total tax liability also rose from $12,325.35 in 2012 to $17,374.70 in 2021,... Read more
Average Taxable Income per Tax Return in Burlington County, NJ over the last 9 years
Burlington County, New Jersey has seen a notable increase in average taxable income per tax return over the past nine years. Starting around $72,552.23 in 2013, it climbed consistently each year, reaching approximately $99,968.90 by 2021. This suggests a steady economic growth which might offer potential opportunities for investors, homebuyers, appraisers, and insurance agents. The increasing taxable income could reflect a robust local economy, which could be essential for anyone considering entering or expanding in this market.
Average State and Local Income Taxes Per Tax Return in Burlington County, NJ Over the Last 10 Years
Over the past decade, Burlington County, New Jersey has experienced a notable upward trajectory in average state and local income taxes per tax return, jumping from around $6,415.73 in 2012 to $13,323.81 in 2021. Particularly significant is the spike observed between 2017 and 2018, where taxes surged from approximately $7,928.69 to $10,948.84, reflecting broader economic shifts or policy adjustments. This trend could be a point of interest for real estate agents and investors, suggesting a rising fiscal burden that might impact property values and desirability. Potential homeowners and appraisers might also find these data indicative of the evolving cost of living and potential future financial planning needs.
Average Total Tax Liability Per Tax Return in Burlington County, NJ Over the Last 10 Years
In Burlington County, New Jersey, the average total tax liability per tax return has shown a general upward trend over the past decade. Starting at $12,325.35 in 2012 and reaching $17,374.70 in 2021, there was a significant spike in 2021 after relatively gradual increases. This trend could suggest increasing property values, changes in tax policy, or economic growth, all of which might be relevant for investors, real estate agents, or anyone considering moving to or building in the area. Higher tax liabilities could also imply a stronger local economy, making it an interesting point of consideration for insurers and appraisers evaluating the region.
Cost of Living in Burlington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,090 | $1,597 | $1,790 | $1,868 | $1,864 |
| 1 adult 4 children | $2,090 | $1,304 | $1,359 | $1,868 | $1,975 |
| 2 adults 3 children | $2,090 | $1,304 | $1,558 | $1,868 | $1,597 |
| 1 adult 3 children | $2,090 | $1,065 | $1,127 | $1,868 | $1,734 |
| 2 adults 2 children | $1,717 | $1,068 | $1,326 | $1,619 | $1,265 |
| 1 adult 2 children | $1,717 | $798 | $895 | $1,619 | $1,286 |
| 2 adults 1 child | $1,717 | $844 | $1,094 | $808 | $1,022 |
| 1 adult 1 child | $1,717 | $545 | $663 | $808 | $945 |
| 2 adults | $1,423 | $678 | $862 | $0 | $807 |
| 1 adult | $1,263 | $370 | $431 | $0 | $700 |
Safety trends & Data
Burlington County, New Jersey, has experienced significant fluctuations in property crimes over the past five years, especially in burglary and larceny-theft. Larceny-theft notably dropped from 957.00 in 2019 to 24.00 in 2021 before slightly rising to 370.00 in 2022. Vandalism and fraud have also declined, indicating potential localized factors influencing these trends. This information could be particularly relevant for potential investors, residents, and professionals evaluating the area's... Read more
Property Crime Trends in Burlington County, NJ Over the Last 5 Years
Burlington County, New Jersey, has seen significant fluctuations in property crimes over the last five years. While incidents of arson and motor vehicle theft have remained relatively low and consistent, burglary and larceny-theft have shown sharp declines from a peak in 2019, with larceny-theft dropping from 957.00 in 2019 to just 24.00 in 2021 before a slight increase to 370.00 in 2022. Vandalism and fraud also saw notable drops in recent years, suggesting localized factors might be influencing property crime trends. Understanding these trends is vital for potential investors, residents, and professionals working in property-related fields who are interested in assessing the safety and property risk profile of the area.
Demographics
Burlington County in New Jersey offers an intriguing snapshot of its demography. The population leans slightly female, with a significant portion having at least a high school diploma, reflecting a relatively educated community. Age-wise, the county is fairly balanced, though there's a notable presence of residents in the 55 to 64 age bracket, hinting at a maturing population. Racially, the county is predominantly White, but there are meaningful representations of Black or African American and... Read more
Race Distribution in Burlington County, New Jersey (2022)
Educational Attainment in Burlington County, New Jersey (2022)
Age Distribution in Burlington County, New Jersey
Citizen Population in Burlington County, New Jersey (2022)
Political Trends & Data
Burlington County, New Jersey, appears to lean predominantly Democratic, securing approximately 59% of the vote in the 2020 presidential election. The Republican candidate garnered around 40%, suggesting a competitive political landscape despite the left-leaning majority. Minor parties like the Libertarians and Greens combined for just over 1%, which underscores the district's two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Burlington County, New Jersey, seems to lean predominantly Democratic, with approximately 59% of the vote going to the Democratic candidate in the 2020 presidential election. Republicans garnered around 40%, while minor parties like the Libertarians and Greens combined for just over 1% of the total. This distribution suggests that Burlington County could be characterized as leaning left, though the substantial Republican share hints at a potentially competitive political landscape.
39.52% of voters voted for the Republican party in the 2020 Presidential Election
59.12% of voters voted for the Democrat party in the 2020 Presidential Election
0.84% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Burlington County, New Jersey has seen its student-to-teacher ratio improve significantly from 26:1 in 2014 to around 11:1 in recent years. This puts the county below the national average of 14:1, suggesting a focus on individualized attention and potentially better educational outcomes. For potential investors, real estate agents, and families looking to relocate, this stronger educational environment could make Burlington County a more attractive option. Appraisers and insurance agents might... Read more
Student-to-teacher ratio in Burlington County, New Jersey over the last 10 years
Burlington County, New Jersey has seen a significant improvement in its student-to-teacher ratio over the past decade. From a high of 26 students per teacher in 2014, the ratio has steadily decreased and stabilized around 11 students per teacher in recent years. This trend positions Burlington County well below the national average of 14 students per teacher, suggesting a stronger focus on individualized attention and potentially better educational outcomes. For potential investors, real estate agents, and families looking to relocate, this indicates a robust educational environment. Appraisers and insurance agents might also find this trend promising as it could imply a rising demand for residential properties within the county.
