How much is a home worth in ZIP code 08844?

The typical home in 08844 is worth $676,166, based on the Zillow Home Value Index.

Are home values rising in 08844?

Home values in 08844 are up 1.2% over the past year, and up 6.5% a year over five years.

What is the property tax rate in 08844?

The effective property tax rate in 08844 is 1.9% — roughly $12,926 a year on a typical home.

ZIP code 08844 has a population of 44,463 and a median household income of $153,556.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08844

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

Typical home value

$676,166^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.2%
5-year / yr: +6.5%
10-year / yr: +5.2%

Relative price

vs U.S.: +138.0%
vs metro: -7.3%
vs state: +18.7%

Price history

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

The typical home in 08844 is worth $676,166 — 7.3% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 1.2%. The effective property tax rate is 1.9%.

#Rent & investment

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

Monthly rent: —^[2]
Gross yield: —^[2]
Cap rate: —^[2]

#Property tax

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

Effective tax rate: 1.9%^[3]
Typical annual tax: $12,926^[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: 44,463^[3]
Median household income: $153,556^[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: 9
Elementary: 6
Middle: 2
High: 1

Hillsborough High School
High · Grades 9–12 · Hillsborough Township Public School District
2,385 students
Hillsborough Township Middle School
Middle · Grades 7–8 · Hillsborough Township Public School District
1,230 students
Auten Road Intermediate School
Middle · Grades 5–6 · Hillsborough Township Public School District
1,114 students
Sunnymead Elementary School
Elementary · Grades K–4 · Hillsborough Township Public School District
529 students
Hillsborough Township Elementary School
Elementary · Grades K–4 · Hillsborough Township Public School District
480 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 yield—

Net yield (after ~40% expenses)—

Annual rent—

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$3,419

Loan principal$540,933

Down payment$135,233

Total interest paid$689,930

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 ratio—

Monthly cost to own$5,059

Monthly rent—

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: 58th percentile^[1]
Rental yield: —^[2]
Property tax: 62nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08844?: The typical home in 08844 is worth $676,166, based on the Zillow Home Value Index.
Are home values rising in 08844?: Home values in 08844 are up 1.2% over the past year, and up 6.5% a year over five years.
What is the property tax rate in 08844?: The effective property tax rate in 08844 is 1.9% — roughly $12,926 a year on a typical home.
Who lives in 08844?: ZIP code 08844 has a population of 44,463 and a median household income of $153,556.

#Comparable ZIPs

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

10465 vs 08844 →
New York, NY
Typical home
$676,272
Gross yield
4.8%
08559 vs 08844 →
Stockton, NJ
Typical home
$677,777
Gross yield
—
07440
NJ
Typical home
$677,968
Gross yield
—
08840
Metuchen, NJ
Typical home
$679,061
Gross yield
5.1%
10523
Elmsford, NY
Typical home
$679,286
Gross yield
5.1%
10472
New York, NY
Typical home
$679,460
Gross yield
5.2%

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#Jump to section

U.S. ZIP Code · NJ08844

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