How much is a home worth in ZIP code 08812?

The typical home in 08812 is worth $581,160, based on the Zillow Home Value Index.

Are home values rising in 08812?

Home values in 08812 are up 0.4% over the past year, and up 6.0% a year over five years.

What is the typical rent in 08812?

A typical home in 08812 rents for about $2,557 a month, a gross rental yield of 5.3%.

What is the property tax rate in 08812?

The effective property tax rate in 08812 is 2.3% — roughly $13,473 a year on a typical home.

ZIP code 08812 has a population of 14,224 and a median household income of $118,316.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08812

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

Typical home value

$581,160^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.4%
5-year / yr: +6.0%
10-year / yr: +4.9%

Relative price

vs U.S.: +104.6%
vs metro: -20.3%
vs state: +2.0%

Price history

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

The typical home in 08812 is worth $581,160 — 20.3% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 0.4%. Homes here rent for a typical $2,557 a month — a 5.3% gross rental yield. The effective property tax rate is 2.3%.

#Rent & investment

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

Monthly rent: $2,557^[2]
Gross yield: 5.3%^[2]
Cap rate: 3.2%^[2]

#Property tax

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

Effective tax rate: 2.3%^[3]
Typical annual tax: $13,473^[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: 14,224^[3]
Median household income: $118,316^[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: 2
Middle: 2
High: 1

John P. Faber Elementary School
Elementary · Grades PK–5 · Dunellen Public School District
617 students
Irene E. Feldkirchner Elementary School
Elementary · Grades PK–4 · Green Brook Township Public School District
404 students
Dunellen High School
High · Grades 9–12 · Dunellen Public School District
400 students
Lincoln Middle School
Middle · Grades 6–8 · Dunellen Public School District
331 students
Green Brook Middle School
Middle · Grades 5–8 · Green Brook Township Public School District
321 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 yield5.3%

Net yield (after ~40% expenses)3.2%

Annual rent$30,687

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$2,939

Loan principal$464,928

Down payment$116,232

Total interest paid$592,990

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 ratio1.78

Monthly cost to own$4,547

Monthly rent$2,557

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: 46th percentile^[1]
Rental yield: 62nd percentile^[2]
Property tax: 92nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08812?: The typical home in 08812 is worth $581,160, based on the Zillow Home Value Index.
Are home values rising in 08812?: Home values in 08812 are up 0.4% over the past year, and up 6.0% a year over five years.
What is the typical rent in 08812?: A typical home in 08812 rents for about $2,557 a month, a gross rental yield of 5.3%.
What is the property tax rate in 08812?: The effective property tax rate in 08812 is 2.3% — roughly $13,473 a year on a typical home.
Who lives in 08812?: ZIP code 08812 has a population of 14,224 and a median household income of $118,316.

#Comparable ZIPs

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

07032 vs 08812 →
Kearny, NJ
Typical home
$581,183
Gross yield
5.0%
07026 vs 08812 →
Garfield, NJ
Typical home
$580,934
Gross yield
5.0%
11435
New York, NY
Typical home
$580,618
Gross yield
4.9%
07753
Tinton Falls, NJ
Typical home
$579,847
Gross yield
6.1%
07083
Union CDP, NJ
Typical home
$579,516
Gross yield
5.3%
11726
Copiague CDP, NY
Typical home
$582,951
Gross yield
4.8%

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#Jump to section

U.S. ZIP Code · NJ08812

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