How much is a home worth in ZIP code 08835?

The typical home in 08835 is worth $479,550, based on the Zillow Home Value Index.

Are home values rising in 08835?

Home values in 08835 are up 1.8% over the past year, and up 7.1% a year over five years.

What is the typical rent in 08835?

A typical home in 08835 rents for about $1,875 a month, a gross rental yield of 4.7%.

What is the property tax rate in 08835?

The effective property tax rate in 08835 is 2.3% — roughly $11,149 a year on a typical home.

ZIP code 08835 has a population of 10,921 and a median household income of $93,333.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08835

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

Typical home value

$479,550^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.8%
5-year / yr: +7.1%
10-year / yr: +6.8%

Relative price

vs U.S.: +68.8%
vs metro: -34.3%
vs state: -15.8%

Price history

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

The typical home in 08835 is worth $479,550 — 34.3% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 1.8%. Homes here rent for a typical $1,875 a month — a 4.7% 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: $1,875^[2]
Gross yield: 4.7%^[2]
Cap rate: 2.8%^[2]

#Property tax

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

Effective tax rate: 2.3%^[3]
Typical annual tax: $11,149^[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: 10,921^[3]
Median household income: $93,333^[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: 4
Elementary: 2
Middle: 1
High: 1

Manville High School
High · Grades 9–12 · Manville School District
538 students
Alexander Batcho Intermediate School
Middle · Grades 5–8 · Manville School District
491 students
Weston Elementary School
Elementary · Grades PK–2 · Manville School District
427 students
Roosevelt School
Elementary · Grades 3–4 · Manville School District
240 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 yield4.7%

Net yield (after ~40% expenses)2.8%

Annual rent$22,500

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$2,425

Loan principal$383,640

Down payment$95,910

Total interest paid$489,311

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 ratio2.00

Monthly cost to own$3,752

Monthly rent$1,875

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: 74th percentile^[1]
Rental yield: 39th percentile^[2]
Property tax: 93rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08835?: The typical home in 08835 is worth $479,550, based on the Zillow Home Value Index.
Are home values rising in 08835?: Home values in 08835 are up 1.8% over the past year, and up 7.1% a year over five years.
What is the typical rent in 08835?: A typical home in 08835 rents for about $1,875 a month, a gross rental yield of 4.7%.
What is the property tax rate in 08835?: The effective property tax rate in 08835 is 2.3% — roughly $11,149 a year on a typical home.
Who lives in 08835?: ZIP code 08835 has a population of 10,921 and a median household income of $93,333.

#Comparable ZIPs

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

10457 vs 08835 →
New York, NY
Typical home
$478,926
Gross yield
6.8%
10455 vs 08835 →
New York, NY
Typical home
$478,730
Gross yield
7.4%
07421
Hewitt CDP, NJ
Typical home
$480,397
Gross yield
—
07095
Woodbridge CDP, NJ
Typical home
$480,554
Gross yield
6.3%
07522
Paterson, NJ
Typical home
$475,984
Gross yield
5.1%
07848
Ross Corner CDP, NJ
Typical home
$475,890
Gross yield
—

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#Jump to section

U.S. ZIP Code · NJ08835

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