Nation's 6th 'Hottest' ZIP Code Is In Burlington County: Report

MOUNT LAUREL, NJ — One of the "hottest" places to live is right in Burlington County, according to a new list by Realtor.com, released Tuesday.

Mount Laurel (08054) placed sixth in Realtor.com's 2024 Hottest ZIP Codes Report — a national ranking of the top real estate markets, according to the website.

The township's median home listing price was $385,000 in the first half of the calendar year, lasting 18 days on the market, according to Realtor.com's data. During that timeframe, those properties attracted 3.3 times more viewership than the average Realtor.com listing.

Only one New Jersey community ranked higher than Mount Laurel, with Basking Ridge (07920) placing fourth. Both communities received shoutouts from "Good Morning America," which revealed the top 10 ZIP codes on the list.

Realtor.com's Hottest Zip Code rankings are based on an algorithm that takes into account two aspects of the housing market:

1. Market demand, as measured by unique viewers per property on Realtor.com.
2. The pace of the market as measured by the number of days a listing remains active on the website.

"The hottest areas are those that have high demand from buyers, in other words, lots of unique viewers per each property, and fast-selling homes, an indicator of limited supply," according to Realtor.com.

This year's top 10 only featured locales in the Northeast and Midwest. Real estate markets in the Southern and Western regions have gotten pricier after movers flocked to the areas during the pandemic, Realtor.com explains.

Many of the top 10 markets are also around major metro areas, offering significantly lower prices than the bigger cities nearby. Gawanna, Ohio (43230) — the highest-ranked Zip code for a second-straight year — is just outside of Columbus.

"Although mortgage rate relief is starting to materialize," said Realtor.com Chief Economist Danielle Hale, "this year's hottest ZIPs reflect the focus on affordability that home shoppers have had over the last few years in the face of high housing costs. Concentrated in larger metros across the Northeast and Midwest, these top 10 ZIPs attracted highly qualified home buyers seeking more space without relinquishing proximity to urban amenities."

View Realtor.com's rankings.