How much is a home worth in ZIP code 08807?

The typical home in 08807 is worth $730,718, based on the Zillow Home Value Index.

Are home values rising in 08807?

Home values in 08807 are up 1.8% over the past year, and up 5.8% a year over five years.

What is the typical rent in 08807?

A typical home in 08807 rents for about $2,800 a month, a gross rental yield of 4.6%.

What is the property tax rate in 08807?

The effective property tax rate in 08807 is 1.7% — roughly $12,591 a year on a typical home.

ZIP code 08807 has a population of 39,560 and a median household income of $168,696.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08807

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

Typical home value

$730,718^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.8%
5-year / yr: +5.8%
10-year / yr: +4.4%

Relative price

vs U.S.: +157.2%
vs metro: ≈ metro median
vs state: +28.3%

Price history

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

The typical home in 08807 is worth $730,718. Over the past year, values have risen 1.8%. Homes here rent for a typical $2,800 a month — a 4.6% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent: $2,800^[2]
Gross yield: 4.6%^[2]
Cap rate: 2.8%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $12,591^[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: 39,560^[3]
Median household income: $168,696^[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: 13
Elementary: 6
Middle: 3
High: 4

Bridgewater-Raritan High School
High · Grades 9–12 · Bridgewater-Raritan Regional School District
2,745 students
Bridgewater-Raritan Middle School
Middle · Grades 7–8 · Bridgewater-Raritan Regional School District
1,261 students
Eisenhower Intermediate School
Middle · Grades 5–6 · Bridgewater-Raritan Regional School District
610 students
Hillside Intermediate School
Middle · Grades 5–6 · Bridgewater-Raritan Regional School District
570 students
Adamsville Primary School
Elementary · Grades PK–4 · Bridgewater-Raritan Regional School District
490 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 yield4.6%

Net yield (after ~40% expenses)2.8%

Annual rent$33,600

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$3,695

Loan principal$584,575

Down payment$146,144

Total interest paid$745,593

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 ratio1.91

Monthly cost to own$5,351

Monthly rent$2,800

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: 41st percentile^[1]
Rental yield: 35th percentile^[2]
Property tax: 48th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08807?: The typical home in 08807 is worth $730,718, based on the Zillow Home Value Index.
Are home values rising in 08807?: Home values in 08807 are up 1.8% over the past year, and up 5.8% a year over five years.
What is the typical rent in 08807?: A typical home in 08807 rents for about $2,800 a month, a gross rental yield of 4.6%.
What is the property tax rate in 08807?: The effective property tax rate in 08807 is 1.7% — roughly $12,591 a year on a typical home.
Who lives in 08807?: ZIP code 08807 has a population of 39,560 and a median household income of $168,696.

#Comparable ZIPs

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

07646 vs 08807 →
New Milford, NJ
Typical home
$731,042
Gross yield
6.9%
11208 vs 08807 →
New York, NY
Typical home
$729,721
Gross yield
5.1%
10308
New York, NY
Typical home
$729,548
Gross yield
—
07950
Morris Plains, NJ
Typical home
$729,375
Gross yield
5.9%
10983
Tappan CDP, NY
Typical home
$732,174
Gross yield
—
11412
New York, NY
Typical home
$729,162
Gross yield
5.3%

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#Jump to section

U.S. ZIP Code · NJ08807

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