How much is a home worth in ZIP code 08879?

The typical home in 08879 is worth $519,905, based on the Zillow Home Value Index.

Are home values rising in 08879?

Home values in 08879 are up 3.2% over the past year, and up 6.5% a year over five years.

What is the typical rent in 08879?

A typical home in 08879 rents for about $2,646 a month, a gross rental yield of 6.1%.

What is the property tax rate in 08879?

The effective property tax rate in 08879 is 2.1% — roughly $10,705 a year on a typical home.

ZIP code 08879 has a population of 23,556 and a median household income of $92,786.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08879

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

Typical home value

$519,905^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.2%
5-year / yr: +6.5%
10-year / yr: +6.9%

Relative price

vs U.S.: +83.0%
vs metro: -28.7%
vs state: -8.7%

Price history

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

The typical home in 08879 is worth $519,905 — 28.7% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 3.2%. Homes here rent for a typical $2,646 a month — a 6.1% gross rental yield. The effective property tax rate is 2.1%.

#Rent & investment

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

Monthly rent: $2,646^[2]
Gross yield: 6.1%^[2]
Cap rate: 3.7%^[2]

#Property tax

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

Effective tax rate: 2.1%^[3]
Typical annual tax: $10,705^[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: 23,556^[3]
Median household income: $92,786^[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: 4
Elementary: 2
Middle: 0
High: 1

South Amboy Middle/High School
High · Grades 6–12 · South Amboy School District
594 students
South Amboy Elementary
Elementary · Grades PK–5 · South Amboy School District
580 students
Memorial Elementary School
Elementary · Grades K–5 · Old Bridge Township School District
390 students
Project Before at Selover School
Prekindergarten · Grades PK · Sayreville School District
222 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 yield6.1%

Net yield (after ~40% expenses)3.7%

Annual rent$31,747

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$2,629

Loan principal$415,924

Down payment$103,981

Total interest paid$530,488

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 ratio1.49

Monthly cost to own$3,955

Monthly rent$2,646

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: 58th percentile^[1]
Rental yield: 81st percentile^[2]
Property tax: 75th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08879?: The typical home in 08879 is worth $519,905, based on the Zillow Home Value Index.
Are home values rising in 08879?: Home values in 08879 are up 3.2% over the past year, and up 6.5% a year over five years.
What is the typical rent in 08879?: A typical home in 08879 rents for about $2,646 a month, a gross rental yield of 6.1%.
What is the property tax rate in 08879?: The effective property tax rate in 08879 is 2.1% — roughly $10,705 a year on a typical home.
Who lives in 08879?: ZIP code 08879 has a population of 23,556 and a median household income of $92,786.

#Comparable ZIPs

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

07850 vs 08879 →
Landing CDP, NJ
Typical home
$519,878
Gross yield
—
07465 vs 08879 →
Wanaque, NJ
Typical home
$518,731
Gross yield
—
10509
Peach Lake CDP, NY
Typical home
$518,604
Gross yield
—
07109
Silver Lake CDP, NJ
Typical home
$517,994
Gross yield
5.1%
07821
Hopatcong, NJ
Typical home
$521,895
Gross yield
—
08723
NJ
Typical home
$516,853
Gross yield
6.2%

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Pit ZIP 08879 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NJ08879

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