How much is a home worth in ZIP code 08840?

The typical home in 08840 is worth $679,061, based on the Zillow Home Value Index.

Are home values rising in 08840?

Home values in 08840 are up 2.1% over the past year, and up 7.8% a year over five years.

What is the typical rent in 08840?

A typical home in 08840 rents for about $2,862 a month, a gross rental yield of 5.1%.

What is the property tax rate in 08840?

The effective property tax rate in 08840 is 2.2% — roughly $14,876 a year on a typical home.

ZIP code 08840 has a population of 18,206 and a median household income of $146,635.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08840

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

Typical home value

$679,061^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.1%
5-year / yr: +7.8%
10-year / yr: +5.9%

Relative price

vs U.S.: +139.0%
vs metro: -6.9%
vs state: +19.2%

Price history

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

The typical home in 08840 is worth $679,061 — 6.9% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 2.1%. Homes here rent for a typical $2,862 a month — a 5.1% gross rental yield. The effective property tax rate is 2.2%.

#Rent & investment

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

Monthly rent: $2,862^[2]
Gross yield: 5.1%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 2.2%^[3]
Typical annual tax: $14,876^[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: 18,206^[3]
Median household income: $146,635^[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: 5
Elementary: 3
Middle: 1
High: 1

Edgar Middle School
Middle · Grades 5–8 · Metuchen Public School District
769 students
Metuchen High School
High · Grades 9–12 · Metuchen Public School District
698 students
Campbell Elementary School
Elementary · Grades 1–4 · Metuchen Public School District
678 students
Menlo Park Terrace Elementary School
Elementary · Grades K–5 · Woodbridge Township School District
344 students
Mildred B. Moss Elementary School
Elementary · Grades PK–K · Metuchen Public School District
139 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 yield5.1%

Net yield (after ~40% expenses)3.0%

Annual rent$34,347

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$3,434

Loan principal$543,249

Down payment$135,812

Total interest paid$692,884

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 ratio1.83

Monthly cost to own$5,239

Monthly rent$2,862

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: 86th percentile^[1]
Rental yield: 54th percentile^[2]
Property tax: 85th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08840?: The typical home in 08840 is worth $679,061, based on the Zillow Home Value Index.
Are home values rising in 08840?: Home values in 08840 are up 2.1% over the past year, and up 7.8% a year over five years.
What is the typical rent in 08840?: A typical home in 08840 rents for about $2,862 a month, a gross rental yield of 5.1%.
What is the property tax rate in 08840?: The effective property tax rate in 08840 is 2.2% — roughly $14,876 a year on a typical home.
Who lives in 08840?: ZIP code 08840 has a population of 18,206 and a median household income of $146,635.

#Comparable ZIPs

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

10523 vs 08840 →
Elmsford, NY
Typical home
$679,286
Gross yield
5.1%
10472 vs 08840 →
New York, NY
Typical home
$679,460
Gross yield
5.2%
07440
NJ
Typical home
$677,968
Gross yield
—
08559
Stockton, NJ
Typical home
$677,777
Gross yield
—
07405
Kinnelon, NJ
Typical home
$680,756
Gross yield
—
11934
Center Moriches CDP, NY
Typical home
$681,602
Gross yield
—

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#Jump to section

U.S. ZIP Code · NJ08840

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