How much is a home worth in ZIP code 08805?

The typical home in 08805 is worth $528,924, based on the Zillow Home Value Index.

Are home values rising in 08805?

Home values in 08805 are down 0.2% over the past year, and up 7.0% a year over five years.

What is the typical rent in 08805?

A typical home in 08805 rents for about $2,155 a month, a gross rental yield of 4.9%.

What is the property tax rate in 08805?

The effective property tax rate in 08805 is 2.1% — roughly $11,011 a year on a typical home.

ZIP code 08805 has a population of 14,066 and a median household income of $93,341.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08805

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

Typical home value

$528,924^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.2%
5-year / yr: +7.0%
10-year / yr: +6.8%

Relative price

vs U.S.: +86.2%
vs metro: -27.5%
vs state: -7.1%

Price history

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

The typical home in 08805 is worth $528,924 — 27.5% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 0.2%. Homes here rent for a typical $2,155 a month — a 4.9% gross rental yield. 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: $2,155^[2]
Gross yield: 4.9%^[2]
Cap rate: 2.9%^[2]

#Property tax

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

Effective tax rate: 2.1%^[3]
Typical annual tax: $11,011^[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: 14,066^[3]
Median household income: $93,341^[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: 5
Elementary: 3
Middle: 1
High: 1

Bound Brook High School
High · Grades 9–12 · Bound Brook School District
623 students
Smalley Elementary School
Elementary · Grades 3–6 · Bound Brook School District
562 students
Community Middle School
Middle · Grades 7–8 · Bound Brook School District
287 students
LaMonte-Annex Elementary School
Elementary · Grades PK–K · Bound Brook School District
262 students
Lafayette Elementary School
Elementary · Grades 1–2 · Bound Brook School District
245 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 yield4.9%

Net yield (after ~40% expenses)2.9%

Annual rent$25,862

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$2,675

Loan principal$423,139

Down payment$105,785

Total interest paid$539,690

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 ratio1.87

Monthly cost to own$4,032

Monthly rent$2,155

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: 71st percentile^[1]
Rental yield: 46th percentile^[2]
Property tax: 77th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08805?: The typical home in 08805 is worth $528,924, based on the Zillow Home Value Index.
Are home values rising in 08805?: Home values in 08805 are down 0.2% over the past year, and up 7.0% a year over five years.
What is the typical rent in 08805?: A typical home in 08805 rents for about $2,155 a month, a gross rental yield of 4.9%.
What is the property tax rate in 08805?: The effective property tax rate in 08805 is 2.1% — roughly $11,011 a year on a typical home.
Who lives in 08805?: ZIP code 08805 has a population of 14,066 and a median household income of $93,341.

#Comparable ZIPs

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

10031 vs 08805 →
New York, NY
Typical home
$528,909
Gross yield
7.0%
07065 vs 08805 →
Rahway, NJ
Typical home
$529,136
Gross yield
5.8%
07077
Sewaren CDP, NJ
Typical home
$528,529
Gross yield
—
07034
Lake Hiawatha CDP, NJ
Typical home
$529,537
Gross yield
—
08882
South River, NJ
Typical home
$529,569
Gross yield
—
08721
Pine Beach, NJ
Typical home
$530,103
Gross yield
6.8%

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Pit ZIP 08805 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NJ08805

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