HousingHandbookReference data

U.S. ZIP Code · NJ08551

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

Typical home value

$715,369[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.5%
5-year / yr
+5.3%
10-year / yr
+4.3%

Relative price

vs U.S.
+151.8%
vs metro
-1.9%
vs state
+25.6%
ZIP 08551 location in NJ
Location of ZIP 08551 in NJ

Price history

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

The typical home in 08551 is worth $715,369 — 1.9% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 1.5%. The effective property tax rate is 2.1%.

#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
2.1%[3]
Typical annual tax
$14,923[3]

#Climate risk

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

Overall risk
Relatively Low[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Moderate
Heat wave
Relatively Low
Hurricane
Relatively Low
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
5,873[3]
Median household income
$162,617[3]

#Migration

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

Net migration
-219[5]
Moved in
3,534
Moved out
3,753

Schools

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

Public schools
2
Elementary
2
Middle
0
High
0
  • Copper Hill Elementary School

    Elementary · Grades PK–4 · Flemington-Raritan Regional School District

    602 students

  • East Amwell Township

    Elementary · Grades PK–8 · East Amwell Township School District

    378 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$3,617
Loan principal$572,295
Down payment$143,074
Total interest paid$729,931

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$5,459
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
32nd percentile[1]
Rental yield
[2]
Property tax
78th percentile[3]

Frequently asked

How much is a home worth in ZIP code 08551?
The typical home in 08551 is worth $715,369, based on the Zillow Home Value Index.
Are home values rising in 08551?
Home values in 08551 are up 1.5% over the past year, and up 5.3% a year over five years.
What is the property tax rate in 08551?
The effective property tax rate in 08551 is 2.1% — roughly $14,923 a year on a typical home.
Who lives in 08551?
ZIP code 08551 has a population of 5,873 and a median household income of $162,617.

#Comparable ZIPs

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

  • Nelsonville, NY

    Typical home
    $715,592
    Gross yield
  • Ramapo College of New Jersey CDP, NJ

    Typical home
    $714,973
    Gross yield
  • White House Station CDP, NJ

    Typical home
    $714,846
    Gross yield
  • Lake Grove, NY

    Typical home
    $714,632
    Gross yield
  • Golden's Bridge CDP, NY

    Typical home
    $714,341
    Gross yield
  • Hasbrouck Heights, NJ

    Typical home
    $716,433
    Gross yield
    5.0%

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