HousingHandbookReference data

U.S. ZIP Code · NJ08510

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

Typical home value

$949,652[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.4%
5-year / yr
+7.3%
10-year / yr
+6.1%

Relative price

vs U.S.
+234.3%
vs metro
+30.2%
vs state
+66.7%
ZIP 08510 location in NJ
Location of ZIP 08510 in NJ

Price history

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

The typical home in 08510 is worth $949,652 — 30.2% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 4.4%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.9%[3]
Typical annual tax
$18,218[3]

#Climate risk

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

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

#Who lives here

Population
5,386[3]
Median household income
$225,966[3]

#Migration

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

Net migration
-1,755[5]
Moved in
13,705
Moved out
15,460

Schools

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

Public schools
2
Elementary
2
Middle
0
High
0
  • Millstone Township Primary School

    Elementary · Grades PK–2 · Millstone Township School District

    395 students

  • Millstone Township Elementary School

    Elementary · Grades 3–5 · Millstone Township School District

    354 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 yield
Net yield (after ~40% expenses)
Annual rent

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$4,802
Loan principal$759,722
Down payment$189,930
Total interest paid$968,983

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 ratio
Monthly cost to own$7,113
Monthly rent

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
79th percentile[1]
Rental yield
[2]
Property tax
64th percentile[3]

Frequently asked

How much is a home worth in ZIP code 08510?
The typical home in 08510 is worth $949,652, based on the Zillow Home Value Index.
Are home values rising in 08510?
Home values in 08510 are up 4.4% over the past year, and up 7.3% a year over five years.
What is the property tax rate in 08510?
The effective property tax rate in 08510 is 1.9% — roughly $18,218 a year on a typical home.
Who lives in 08510?
ZIP code 08510 has a population of 5,386 and a median household income of $225,966.

#Comparable ZIPs

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

  • Fort Salonga CDP, NY

    Typical home
    $950,924
    Gross yield
  • NJ

    Typical home
    $945,900
    Gross yield
  • Millwood CDP, NY

    Typical home
    $954,015
    Gross yield
  • Tappan CDP, NY

    Typical home
    $944,194
    Gross yield
  • Vauxhall CDP, NJ

    Typical home
    $959,486
    Gross yield
    3.4%
  • Shrewsbury, NJ

    Typical home
    $962,789
    Gross yield

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