ZIP Code 08022 Housing Market

📝 Local Market Notes

The housing market in ZIP code 08022, located in Burlington County, New Jersey, exhibits a robust upward trajectory over the past five years. The FHFA Home Price Index (HPI) for this area has risen from 165.59 in 2021 to 262.63 in 2025, representing a cumulative increase of approximately 58.6%. This sustained appreciation indicates consistent demand and value growth within the sub-market, outpacing the broader national trend of high mortgage rates which currently sit at 7.40% for 30-year loans. In terms of relative performance, ZIP 08022 demonstrated a year-over-year appreciation of 5.84% in 2025. This figure slightly exceeds the Burlington County average of 5.69% and significantly outperforms the New Jersey state average of 4.53%. Such divergence suggests that 08022 possesses specific local drivers or desirability factors that sustain price momentum even as the broader state market experiences slower gains. When compared to nearby ZIPs, such as 08068 with a negative YoY change of -5.47%, 08022 stands out as a resilient area maintaining positive equity growth amidst mixed regional conditions. The sub-market character of 08022 appears to be a mid-range residential area within a predominantly owner-occupied county. With Burlington County’s median home value at $354,000 and an owner-occupancy rate of 76.1%, the area leans toward stability and long-term residency rather than high-volume rental turnover. The median household income of $108,111 supports this profile, indicating a buyer pool with moderate to strong purchasing power. For prospective buyers, the data signals a market where equity accumulation has been reliable over the last half-decade. However, the proximity to higher-priced neighbors like ZIP 08554 (HPI 314.4) suggests that 08022 offers a competitive entry point into the Burlington County market, balancing affordability with strong historical appreciation trends.

Based on FHFA House Price Index data.