HousingHandbookReference data

U.S. ZIP Code · NJ07921

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

Typical home value

$513,750[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.2%
5-year / yr
+7.0%
10-year / yr
+4.6%

Relative price

vs U.S.
+80.9%
vs metro
-29.6%
vs state
-9.8%
ZIP 07921 location in NJ
Location of ZIP 07921 in NJ

Price history

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

The typical home in 07921 is worth $513,750 — 29.6% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 4.2%. Homes here rent for a typical $2,945 a month — a 6.9% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

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

Monthly rent
$2,945[2]
Gross yield
6.9%[2]
Cap rate
4.1%[2]

#Property tax

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

Effective tax rate
1.3%[3]
Typical annual tax
$6,697[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
7,700[3]
Median household income
$123,104[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
1
Elementary
1
Middle
0
High
0
  • Bedminster Township Public School

    Elementary · Grades PK–8 · Bedminster Township Public School District

    428 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.

Gross yield6.9%
Net yield (after ~40% expenses)4.1%
Annual rent$35,340

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.

Monthly payment$2,598
Loan principal$411,000
Down payment$102,750
Total interest paid$524,208

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.

Own : rent ratio1.22
Monthly cost to own$3,582
Monthly rent$2,945

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
72nd percentile[1]
Rental yield
90th percentile[2]
Property tax
29th percentile[3]

Frequently asked

How much is a home worth in ZIP code 07921?
The typical home in 07921 is worth $513,750, based on the Zillow Home Value Index.
Are home values rising in 07921?
Home values in 07921 are up 4.2% over the past year, and up 7.0% a year over five years.
What is the typical rent in 07921?
A typical home in 07921 rents for about $2,945 a month, a gross rental yield of 6.9%.
What is the property tax rate in 07921?
The effective property tax rate in 07921 is 1.3% — roughly $6,697 a year on a typical home.
Who lives in 07921?
ZIP code 07921 has a population of 7,700 and a median household income of $123,104.

#Comparable ZIPs

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

  • Sound Beach CDP, NY

    Typical home
    $514,833
    Gross yield
  • New York, NY

    Typical home
    $512,484
    Gross yield
    7.0%
  • Newark, NJ

    Typical home
    $512,442
    Gross yield
    4.6%
  • NJ

    Typical home
    $515,614
    Gross yield
  • New York, NY

    Typical home
    $515,740
    Gross yield
    7.4%
  • New York, NY

    Typical home
    $515,852
    Gross yield
    5.8%

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