How much is a home worth in ZIP code 08854?

The typical home in 08854 is worth $589,751, based on the Zillow Home Value Index.

Are home values rising in 08854?

Home values in 08854 are up 2.9% over the past year, and up 7.0% a year over five years.

What is the typical rent in 08854?

A typical home in 08854 rents for about $2,734 a month, a gross rental yield of 5.6%.

What is the property tax rate in 08854?

The effective property tax rate in 08854 is 1.9% — roughly $11,312 a year on a typical home.

ZIP code 08854 has a population of 61,088 and a median household income of $127,806.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08854

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

Typical home value

$589,751^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.9%
5-year / yr: +7.0%
10-year / yr: +6.3%

Relative price

vs U.S.: +107.6%
vs metro: -19.2%
vs state: +3.5%

Price history

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

The typical home in 08854 is worth $589,751 — 19.2% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 2.9%. Homes here rent for a typical $2,734 a month — a 5.6% gross rental yield. 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: $2,734^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 1.9%^[3]
Typical annual tax: $11,312^[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: 61,088^[3]
Median household income: $127,806^[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: 17
Elementary: 8
Middle: 3
High: 3

Piscataway Township High School
High · Grades 9–12 · Piscataway Township School District
2,127 students
Piscataway Magnet School
High · Grades 8–12 · Middlesex County Vocational and Technical School District
640 students
Piscataway Township Schools Children's Corner
Prekindergarten · Grades PK · Piscataway Township School District
607 students
Grandview Elementary School
Elementary · Grades K–3 · Piscataway Township School District
600 students
Theodore Schor Middle School
Middle · Grades 6–8 · Piscataway Township School District
551 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 yield5.6%

Net yield (after ~40% expenses)3.3%

Annual rent$32,804

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$2,982

Loan principal$471,801

Down payment$117,950

Total interest paid$601,756

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 ratio1.62

Monthly cost to own$4,417

Monthly rent$2,734

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: 70th percentile^[1]
Rental yield: 70th percentile^[2]
Property tax: 64th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for most populous in NJView list →

Frequently asked

How much is a home worth in ZIP code 08854?: The typical home in 08854 is worth $589,751, based on the Zillow Home Value Index.
Are home values rising in 08854?: Home values in 08854 are up 2.9% over the past year, and up 7.0% a year over five years.
What is the typical rent in 08854?: A typical home in 08854 rents for about $2,734 a month, a gross rental yield of 5.6%.
What is the property tax rate in 08854?: The effective property tax rate in 08854 is 1.9% — roughly $11,312 a year on a typical home.
Who lives in 08854?: ZIP code 08854 has a population of 61,088 and a median household income of $127,806.

#Comparable ZIPs

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

08050 vs 08854 →
Ocean Acres CDP, NJ
Typical home
$589,901
Gross yield
—
07002 vs 08854 →
Bayonne, NJ
Typical home
$590,391
Gross yield
4.8%
07660
Ridgefield Park, NJ
Typical home
$588,753
Gross yield
4.3%
07643
Little Ferry, NJ
Typical home
$591,143
Gross yield
5.1%
11772
East Patchogue CDP, NY
Typical home
$588,042
Gross yield
5.6%
07024
Fort Lee, NJ
Typical home
$587,813
Gross yield
7.0%

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#Jump to section

U.S. ZIP Code · NJ08854

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