How much is a home worth in ZIP code 08816?

The typical home in 08816 is worth $622,798, based on the Zillow Home Value Index.

Are home values rising in 08816?

Home values in 08816 are up 3.7% over the past year, and up 8.1% a year over five years.

What is the typical rent in 08816?

A typical home in 08816 rents for about $2,739 a month, a gross rental yield of 5.3%.

What is the property tax rate in 08816?

The effective property tax rate in 08816 is 2.3% — roughly $14,188 a year on a typical home.

ZIP code 08816 has a population of 49,360 and a median household income of $143,586.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08816

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

Typical home value

$622,798^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.7%
5-year / yr: +8.1%
10-year / yr: +6.0%

Relative price

vs U.S.: +119.2%
vs metro: -14.6%
vs state: +9.4%

Price history

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

The typical home in 08816 is worth $622,798 — 14.6% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 3.7%. Homes here rent for a typical $2,739 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: $2,739^[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: $14,188^[3]

#Climate risk

FEMA National Risk Index ratings for Middlesex 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 Moderate
Hurricane: Relatively Moderate
Tornado: Relatively High
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 49,360^[3]
Median household income: $143,586^[3]

#Migration

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

Net migration: -3,628^[5]
Moved in: 21,716
Moved out: 25,344

Schools

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

Public schools: 13
Elementary: 9
Middle: 2
High: 2

East Brunswick High School
High · Grades 10–12 · East Brunswick Township School District
2,104 students
Churchill Junior High School
Middle · Grades 7–9 · East Brunswick Township School District
2,007 students
Hammarskjold Upper Elementary School
Middle · Grades 5–6 · East Brunswick Township School District
1,312 students
East Brunswick Magnet School
High · Grades 9–12 · Middlesex County Vocational and Technical School District
742 students
Hatikvah International Academy Charter School
Elementary · Grades K–8 · Hatikvah International Academy Charter School
637 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$32,862

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$3,149

Loan principal$498,238

Down payment$124,560

Total interest paid$635,475

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 ratio1.77

Monthly cost to own$4,852

Monthly rent$2,739

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: 90th percentile^[1]
Rental yield: 62nd percentile^[2]
Property tax: 90th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08816?: The typical home in 08816 is worth $622,798, based on the Zillow Home Value Index.
Are home values rising in 08816?: Home values in 08816 are up 3.7% over the past year, and up 8.1% a year over five years.
What is the typical rent in 08816?: A typical home in 08816 rents for about $2,739 a month, a gross rental yield of 5.3%.
What is the property tax rate in 08816?: The effective property tax rate in 08816 is 2.3% — roughly $14,188 a year on a typical home.
Who lives in 08816?: ZIP code 08816 has a population of 49,360 and a median household income of $143,586.

#Comparable ZIPs

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

07435 vs 08816 →
Newfoundland CDP, NJ
Typical home
$622,087
Gross yield
—
11360 vs 08816 →
New York, NY
Typical home
$621,750
Gross yield
5.6%
11779
Ronkonkoma CDP, NY
Typical home
$621,680
Gross yield
5.4%
07031
North Arlington, NJ
Typical home
$621,266
Gross yield
4.7%
07718
Belford CDP, NJ
Typical home
$620,979
Gross yield
—
11414
New York, NY
Typical home
$624,878
Gross yield
5.8%

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#Jump to section

U.S. ZIP Code · NJ08816

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