How much is a home worth in ZIP code 08820?

The typical home in 08820 is worth $817,344, based on the Zillow Home Value Index.

Are home values rising in 08820?

Home values in 08820 are up 1.0% over the past year, and up 7.2% a year over five years.

What is the typical rent in 08820?

A typical home in 08820 rents for about $2,983 a month, a gross rental yield of 4.4%.

What is the property tax rate in 08820?

The effective property tax rate in 08820 is 2.1% — roughly $16,937 a year on a typical home.

ZIP code 08820 has a population of 39,978 and a median household income of $171,363.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08820

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

Typical home value

$817,344^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.0%
5-year / yr: +7.2%
10-year / yr: +4.8%

Relative price

vs U.S.: +187.7%
vs metro: +12.0%
vs state: +43.5%

Price history

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

The typical home in 08820 is worth $817,344 — 12.0% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 1.0%. Homes here rent for a typical $2,983 a month — a 4.4% 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: $2,983^[2]
Gross yield: 4.4%^[2]
Cap rate: 2.6%^[2]

#Property tax

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

Effective tax rate: 2.1%^[3]
Typical annual tax: $16,937^[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: 39,978^[3]
Median household income: $171,363^[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: 9
Elementary: 6
Middle: 2
High: 1

John P. Stevens High School
High · Grades 9–12 · Edison Township School District
2,675 students
Woodrow Wilson Middle School
Middle · Grades 6–8 · Edison Township School District
1,204 students
John Adams Middle School
Middle · Grades 6–8 · Edison Township School District
1,009 students
Woodbrook Elementary School
Elementary · Grades K–5 · Edison Township School District
885 students
Menlo Park Elementary School
Elementary · Grades K–5 · Edison Township School District
827 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 yield4.4%

Net yield (after ~40% expenses)2.6%

Annual rent$35,800

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$4,133

Loan principal$653,876

Down payment$163,469

Total interest paid$833,982

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 ratio2.09

Monthly cost to own$6,224

Monthly rent$2,983

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: 75th percentile^[1]
Rental yield: 27th percentile^[2]
Property tax: 76th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08820?: The typical home in 08820 is worth $817,344, based on the Zillow Home Value Index.
Are home values rising in 08820?: Home values in 08820 are up 1.0% over the past year, and up 7.2% a year over five years.
What is the typical rent in 08820?: A typical home in 08820 rents for about $2,983 a month, a gross rental yield of 4.4%.
What is the property tax rate in 08820?: The effective property tax rate in 08820 is 2.1% — roughly $16,937 a year on a typical home.
Who lives in 08820?: ZIP code 08820 has a population of 39,978 and a median household income of $171,363.

#Comparable ZIPs

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

07004 vs 08820 →
NJ
Typical home
$816,521
Gross yield
—
11423 vs 08820 →
New York, NY
Typical home
$816,301
Gross yield
—
07045
Pine Brook CDP, NJ
Typical home
$816,173
Gross yield
—
07727
Tinton Falls, NJ
Typical home
$818,701
Gross yield
—
10560
Peach Lake CDP, NY
Typical home
$815,231
Gross yield
—
11501
Mineola, NY
Typical home
$819,894
Gross yield
5.3%

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#Jump to section

U.S. ZIP Code · NJ08820

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