How much is a home worth in ZIP code 08876?

The typical home in 08876 is worth $600,821, based on the Zillow Home Value Index.

Are home values rising in 08876?

Home values in 08876 are up 1.3% over the past year, and up 6.0% a year over five years.

What is the typical rent in 08876?

A typical home in 08876 rents for about $2,406 a month, a gross rental yield of 4.8%.

What is the property tax rate in 08876?

The effective property tax rate in 08876 is 2.0% — roughly $12,212 a year on a typical home.

ZIP code 08876 has a population of 23,380 and a median household income of $122,884.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08876

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

Typical home value

$600,821^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.3%
5-year / yr: +6.0%
10-year / yr: +5.1%

Relative price

vs U.S.: +111.5%
vs metro: -17.6%
vs state: +5.5%

Price history

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

The typical home in 08876 is worth $600,821 — 17.6% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 1.3%. Homes here rent for a typical $2,406 a month — a 4.8% gross rental yield. The effective property tax rate is 2.0%.

#Rent & investment

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

Monthly rent: $2,406^[2]
Gross yield: 4.8%^[2]
Cap rate: 2.9%^[2]

#Property tax

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

Effective tax rate: 2.0%^[3]
Typical annual tax: $12,212^[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: 23,380^[3]
Median household income: $122,884^[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: 5
Elementary: 2
Middle: 2
High: 1

Somerville High School
High · Grades 9–12 · Somerville Public School District
1,070 students
Van Derveer Elementary School
Elementary · Grades PK–5 · Somerville Public School District
734 students
Branchburg Central Middle School
Middle · Grades 6–8 · Branchburg Township School District
435 students
Somerville Middle School
Middle · Grades 6–8 · Somerville Public School District
341 students
Stony Brook School
Elementary · Grades 4–5 · Branchburg Township School District
304 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 yield4.8%

Net yield (after ~40% expenses)2.9%

Annual rent$28,874

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$3,038

Loan principal$480,657

Down payment$120,164

Total interest paid$613,051

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 ratio1.89

Monthly cost to own$4,555

Monthly rent$2,406

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: 47th percentile^[1]
Rental yield: 42nd percentile^[2]
Property tax: 73rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08876?: The typical home in 08876 is worth $600,821, based on the Zillow Home Value Index.
Are home values rising in 08876?: Home values in 08876 are up 1.3% over the past year, and up 6.0% a year over five years.
What is the typical rent in 08876?: A typical home in 08876 rents for about $2,406 a month, a gross rental yield of 4.8%.
What is the property tax rate in 08876?: The effective property tax rate in 08876 is 2.0% — roughly $12,212 a year on a typical home.
Who lives in 08876?: ZIP code 08876 has a population of 23,380 and a median household income of $122,884.

#Comparable ZIPs

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

07003 vs 08876 →
Brookdale CDP, NJ
Typical home
$599,948
Gross yield
4.9%
07456 vs 08876 →
Ringwood, NJ
Typical home
$599,701
Gross yield
—
10588
Shrub Oak CDP, NY
Typical home
$599,509
Gross yield
—
11701
Amityville, NY
Typical home
$599,414
Gross yield
5.7%
10033
New York, NY
Typical home
$599,259
Gross yield
5.6%
10548
Montrose CDP, NY
Typical home
$603,029
Gross yield
—

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#Jump to section

U.S. ZIP Code · NJ08876

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