New York-Newark-Jersey City, NY-NJ-PA · New Jersey
Somerset County
ZIP 08528
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 08528
Median home value
—
Gross yield
—
Cap rate
4.4%
Rent gap
17.3%
Affordability
P/I: 3.9R/I: —
Section 8 detail
SAFMR: $2,324Rent: $1,921Gap: 21.0%
ZIP code breakdown27 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 08880 | — | — | — | 5.2% | 17.3% |
| 08835 | — | — | — | 4.9% | 17.3% |
| 08823 | — | — | — | 6.7% | -1.9% |
| 07939 | — | — | — | 4.4% | 17.3% |
| 07977 | — | — | — | 4.4% | 17.3% |
Ranked by composite score
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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
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