How much is a home worth in ZIP code 08861?

The typical home in 08861 is worth $494,660, based on the Zillow Home Value Index.

Are home values rising in 08861?

Home values in 08861 are up 2.2% over the past year, and up 6.4% a year over five years.

What is the typical rent in 08861?

A typical home in 08861 rents for about $2,286 a month, a gross rental yield of 5.5%.

What is the property tax rate in 08861?

The effective property tax rate in 08861 is 1.9% — roughly $9,470 a year on a typical home.

ZIP code 08861 has a population of 59,351 and a median household income of $64,491.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08861

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

Typical home value

$494,660^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.2%
5-year / yr: +6.4%
10-year / yr: +8.2%

Relative price

vs U.S.: +74.1%
vs metro: -32.2%
vs state: -13.1%

Price history

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

The typical home in 08861 is worth $494,660 — 32.2% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 2.2%. Homes here rent for a typical $2,286 a month — a 5.5% 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: $2,286^[2]
Gross yield: 5.5%^[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: $9,470^[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: 59,351^[3]
Median household income: $64,491^[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: 14
Elementary: 7
Middle: 2
High: 3

Perth Amboy High School
High · Grades 9–12 · Perth Amboy Public School District
2,685 students
William C. McGinnis Middle School
Middle · Grades 6–8 · Perth Amboy Public School District
948 students
Rose M. Lopez Elementary School
Elementary · Grades K–3 · Perth Amboy Public School District
868 students
Samuel E. Shull Middle School
Middle · Grades 6–8 · Perth Amboy Public School District
865 students
Herbert N. Richardson 21st Century School
Elementary · Grades K–5 · Perth Amboy Public School District
684 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 yield5.5%

Net yield (after ~40% expenses)3.3%

Annual rent$27,427

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$2,501

Loan principal$395,728

Down payment$98,932

Total interest paid$504,729

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$3,701

Monthly rent$2,286

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: 57th percentile^[1]
Rental yield: 69th percentile^[2]
Property tax: 63rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08861?: The typical home in 08861 is worth $494,660, based on the Zillow Home Value Index.
Are home values rising in 08861?: Home values in 08861 are up 2.2% over the past year, and up 6.4% a year over five years.
What is the typical rent in 08861?: A typical home in 08861 rents for about $2,286 a month, a gross rental yield of 5.5%.
What is the property tax rate in 08861?: The effective property tax rate in 08861 is 1.9% — roughly $9,470 a year on a typical home.
Who lives in 08861?: ZIP code 08861 has a population of 59,351 and a median household income of $64,491.

#Comparable ZIPs

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

07420 vs 08861 →
Wanaque, NJ
Typical home
$494,774
Gross yield
—
08731 vs 08861 →
Forked River CDP, NJ
Typical home
$494,982
Gross yield
—
11953
Middle Island CDP, NY
Typical home
$494,176
Gross yield
—
07108
Newark, NJ
Typical home
$495,469
Gross yield
5.1%
08804
Bloomsbury, NJ
Typical home
$493,817
Gross yield
—
07206
Elizabeth, NJ
Typical home
$495,652
Gross yield
5.6%

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#Jump to section

U.S. ZIP Code · NJ08861

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