How much is a home worth in ZIP code 07059?

The typical home in 07059 is worth $1,126,944, based on the Zillow Home Value Index.

Are home values rising in 07059?

Home values in 07059 are up 4.4% over the past year, and up 7.4% a year over five years.

What is the typical rent in 07059?

A typical home in 07059 rents for about $2,829 a month, a gross rental yield of 3.0%.

What is the property tax rate in 07059?

The effective property tax rate in 07059 is 1.8% — roughly $19,846 a year on a typical home.

ZIP code 07059 has a population of 16,811 and a median household income of $212,479.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07059

Somerset County · New York-Newark-Jersey City, NY-NJ

Typical home value

$1,126,944^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.4%
5-year / yr: +7.4%
10-year / yr: +4.4%

Relative price

vs U.S.: +296.7%
vs metro: +54.5%
vs state: +97.9%

Price history

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

The typical home in 07059 is worth $1,126,944 — 54.5% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 4.4%. Homes here rent for a typical $2,829 a month — a 3.0% gross rental yield. The effective property tax rate is 1.8%.

#Rent & investment

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

Monthly rent: $2,829^[2]
Gross yield: 3.0%^[2]
Cap rate: 1.8%^[2]

#Property tax

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

Effective tax rate: 1.8%^[3]
Typical annual tax: $19,846^[3]

#Climate risk

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

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

#Who lives here

Population: 16,811^[3]
Median household income: $212,479^[3]

#Migration

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

Net migration: -793^[5]
Moved in: 10,827
Moved out: 11,620

Schools

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

Public schools: 6
Elementary: 4
Middle: 0
High: 1

Watchung Hills Regional High School
High · Grades 9–12 · Watchung Hills Regional High School District
1,702 students
Mt. Horeb School
Elementary · Grades PK–5 · Warren Township School District
337 students
Central School
Elementary · Grades PK–5 · Warren Township School District
290 students
Angelo L. Tomaso School
Elementary · Grades K–5 · Warren Township School District
279 students
Woodland School
Elementary · Grades K–5 · Warren Township School District
220 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 yield3.0%

Net yield (after ~40% expenses)1.8%

Annual rent$33,949

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$5,698

Loan principal$901,555

Down payment$225,389

Total interest paid$1,149,884

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 ratio2.93

Monthly cost to own$8,290

Monthly rent$2,829

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: 81st percentile^[1]
Rental yield: 4th percentile^[2]
Property tax: 50th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07059?: The typical home in 07059 is worth $1,126,944, based on the Zillow Home Value Index.
Are home values rising in 07059?: Home values in 07059 are up 4.4% over the past year, and up 7.4% a year over five years.
What is the typical rent in 07059?: A typical home in 07059 rents for about $2,829 a month, a gross rental yield of 3.0%.
What is the property tax rate in 07059?: The effective property tax rate in 07059 is 1.8% — roughly $19,846 a year on a typical home.
Who lives in 07059?: ZIP code 07059 has a population of 16,811 and a median household income of $212,479.

#Comparable ZIPs

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

11105 vs 07059 →
New York, NY
Typical home
$1,126,729
Gross yield
3.2%
10005 vs 07059 →
New York, NY
Typical home
$1,123,498
Gross yield
5.0%
11225
New York, NY
Typical home
$1,120,994
Gross yield
3.4%
10510
Briarcliff Manor, NY
Typical home
$1,120,630
Gross yield
—
07739
Little Silver, NJ
Typical home
$1,133,585
Gross yield
—
07750
Monmouth Beach, NJ
Typical home
$1,120,174
Gross yield
3.8%

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#Jump to section

U.S. ZIP Code · NJ07059

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