How much is a home worth in ZIP code 08048?

The typical home in 08048 is worth $499,315, based on the Zillow Home Value Index.

Are home values rising in 08048?

Home values in 08048 are up 4.1% over the past year, and up 7.8% a year over five years.

What is the typical rent in 08048?

A typical home in 08048 rents for about $1,824 a month, a gross rental yield of 4.4%.

What is the property tax rate in 08048?

The effective property tax rate in 08048 is 1.9% — roughly $9,679 a year on a typical home.

ZIP code 08048 has a population of 12,882 and a median household income of $113,440.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08048

Burlington County · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Typical home value

$499,315^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.1%
5-year / yr: +7.8%
10-year / yr: +6.2%

Relative price

vs U.S.: +75.8%
vs metro: +24.8%
vs state: -12.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 08048 is worth $499,315 — 24.8% above the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD median. Over the past year, values have risen 4.1%. Homes here rent for a typical $1,824 a month — a 4.4% gross rental yield. The effective property tax rate is 1.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,824^[2]
Gross yield: 4.4%^[2]
Cap rate: 2.6%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.9%^[3]
Typical annual tax: $9,679^[3]

#Climate risk

FEMA National Risk Index ratings for Burlington County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively High
Coastal flood: Relatively Moderate
Wildfire: Relatively Moderate
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Relatively Moderate
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 12,882^[3]
Median household income: $113,440^[3]

#Migration

Household moves in and out of Burlington County over a year, from IRS tax-return data.

Net migration: +667^[5]
Moved in: 13,139
Moved out: 12,472

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 3
Elementary: 2
Middle: 1
High: 0

Bobby's Run Elementary School
Elementary · Grades 2–5 · Lumberton Township Board of Education
436 students
Ashbrook Elementary School
Elementary · Grades PK–1 · Lumberton Township Board of Education
367 students
Lumberton Middle School
Middle · Grades 6–8 · Lumberton Township Board of Education
357 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.4%

Net yield (after ~40% expenses)2.6%

Annual rent$21,883

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,525

Loan principal$399,452

Down payment$99,863

Total interest paid$509,479

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.06

Monthly cost to own$3,748

Monthly rent$1,824

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 84th percentile^[1]
Rental yield: 20th percentile^[2]
Property tax: 69th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for fastest-growing in NJView list →

Frequently asked

How much is a home worth in ZIP code 08048?: The typical home in 08048 is worth $499,315, based on the Zillow Home Value Index.
Are home values rising in 08048?: Home values in 08048 are up 4.1% over the past year, and up 7.8% a year over five years.
What is the typical rent in 08048?: A typical home in 08048 rents for about $1,824 a month, a gross rental yield of 4.4%.
What is the property tax rate in 08048?: The effective property tax rate in 08048 is 1.9% — roughly $9,679 a year on a typical home.
Who lives in 08048?: ZIP code 08048 has a population of 12,882 and a median household income of $113,440.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

19446 vs 08048 →
Lansdale, PA
Typical home
$499,334
Gross yield
4.7%
18054 vs 08048 →
Green Lane, PA
Typical home
$499,007
Gross yield
—
19525
Gilbertsville CDP, PA
Typical home
$498,722
Gross yield
—
19428
Conshohocken, PA
Typical home
$498,644
Gross yield
5.9%
19465
Kenilworth CDP, PA
Typical home
$498,475
Gross yield
—
08053
Marlton CDP, NJ
Typical home
$498,007
Gross yield
5.6%

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#Jump to section

U.S. ZIP Code · NJ08048

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