New York-Newark-Jersey City, NY-NJ-PA · New Jersey

Somerset County

ZIP 07924

346,203 residents890 permits TTM$135,960 median HHI27 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$523,900

ACS 5-Year

Cap rate proxy

5.3%

FMR × 0.65 ÷ Home Value

Rent-to-income

17.0%

HUD FMR ÷ ACS HHI

Net migration

+2.78%

IRS SOI

Permits (TTM)

890

Census BPS

Climate risk

90.9

FEMA NRI (0–100)

ZIP 07924

Median home value

Gross yield

Buy Box score

0.6

Section 8 gap

Affordability

P/I: 7.2R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown27 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
088801.0
088351.0
088231.0
079210.9
088690.9
088050.8
088730.8
088120.8
088530.7
088360.7
088760.7
088070.6
085020.6
079240.6
088440.5
079340.5
085580.5
070690.5
070590.4
079200.3
079310.1
07939
07977
08528
08553
08821
08890

Sort by any column. Click a ZIP for detail.

Demographics

Owner-occupied

74.5%

Census ACS

Vacancy rate

2.5%

Census ACS

Bachelor's degree +

57.4%

Census ACS

Rent burdened

45.7%

Census ACS (>30% income)

Median age

41.9

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026