HousingHandbookReference data

U.S. ZIP Code · NJ08850

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

Typical home value

$610,474[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+6.0%
5-year / yr
+7.9%
10-year / yr
+6.0%

Relative price

vs U.S.
+114.9%
vs metro
-16.3%
vs state
+7.2%
ZIP 08850 location in NJ
Location of ZIP 08850 in NJ

Price history

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

The typical home in 08850 is worth $610,474 — 16.3% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 6.0%. The effective property tax rate is 2.4%.

#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
2.4%[3]
Typical annual tax
$14,712[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
8,538[3]
Median household income
$141,601[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
2
Elementary
1
Middle
1
High
0
  • Joyce Kilmer School

    Middle · Grades 4–8 · Milltown School District

    436 students

  • Parkview School

    Elementary · Grades PK–3 · Milltown School District

    370 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.

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.

Monthly payment$3,087
Loan principal$488,379
Down payment$122,095
Total interest paid$622,900

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.

Own : rent ratio
Monthly cost to own$4,822
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
87th percentile[1]
Rental yield
[2]
Property tax
96th percentile[3]

Frequently asked

How much is a home worth in ZIP code 08850?
The typical home in 08850 is worth $610,474, based on the Zillow Home Value Index.
Are home values rising in 08850?
Home values in 08850 are up 6.0% over the past year, and up 7.9% a year over five years.
What is the property tax rate in 08850?
The effective property tax rate in 08850 is 2.4% — roughly $14,712 a year on a typical home.
Who lives in 08850?
ZIP code 08850 has a population of 8,538 and a median household income of $141,601.

#Comparable ZIPs

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

  • NY

    Typical home
    $610,791
    Gross yield
  • New York, NY

    Typical home
    $611,021
    Gross yield
    6.8%
  • Hampton, NJ

    Typical home
    $611,239
    Gross yield
  • Yonkers, NY

    Typical home
    $611,594
    Gross yield
    5.4%
  • Bogota, NJ

    Typical home
    $608,910
    Gross yield
  • Port Monmouth CDP, NJ

    Typical home
    $613,049
    Gross yield

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