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Chimney Rock (Tract 050902)

Somerset, New Jersey

FIPS 34035050902

Juniper

Chimney Rock (Tract 050902) is in the 99th percentile nationally for median income. It also sits in the highest 11% nationally for typical home value. And it sits in the lowest 25% nationally for home price growth over five years.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$825,611

Higher than 89% of U.S. tracts
Home Price Growth, Past Five Years

41%

Lower than 75% of U.S. tracts
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

53.7

Near the U.S. tracts median

The basics

Total Population

3,486

Median Age

44.8

Population Density

642.28

Home values & property tax

Median Property Tax

$10,001

Property Tax Rateyearly tax as a share of home value

The Census publishes home values only up to $2 million and incomes up to $250,000, so this ratio cannot be worked out for the most expensive areas.

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

3.16×

Lower than 65% of U.S. tracts
Median Income

$216,071

Higher than 99% of U.S. tracts
Median Rent

$1,813

Higher than 75% of U.S. tracts

Home prices & appreciation

Home Price Growth, Past Year

7.6%

Higher than 74% of U.S. tracts
Pandemic Price Run-Up2019–20 low → 2022–23 peak

30%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

21%

Climate & weather

Summer Avg High (°F)

83.2

Winter Avg Low (°F)

21.1

Avg Temperature (°F)

51.1

Hot Days/yr (>90°F)

16.4

Freezing Days/yr (<32°F)

136.8

Annual Precipitation (in)

47.6

Annual Snowfall (in)

21

Flood & disaster risk

Coastal Flood Loss per $1,000

$0

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

Chimney Rock (Tract 050902): frequently asked questions

What is the typical home value in Chimney Rock (Tract 050902)?
The estimated median home value in Chimney Rock (Tract 050902) today is $825,611, higher than 89% of U.S. tracts.
How much is property tax in Chimney Rock (Tract 050902)?
The median annual property tax in Chimney Rock (Tract 050902) is $10,001.
Is Chimney Rock (Tract 050902) expensive to live in?
Homes in Chimney Rock (Tract 050902) cost about 3.16× the median household income, lower than 65% of U.S. tracts.
What is the average rent in Chimney Rock (Tract 050902)?
The median gross rent in Chimney Rock (Tract 050902) is $1,813 a month, higher than 75% of U.S. tracts.
How much have home prices grown in Chimney Rock (Tract 050902)?
Home prices in Chimney Rock (Tract 050902) have moved 41% over the past five years (7.6% in the past year), per the FHFA House Price Index.
How many people live in Chimney Rock (Tract 050902)?
Chimney Rock (Tract 050902) has a population of 3,486, about 642.28 people per square mile, per the U.S. Census American Community Survey. The median age is 44.8.
What is the weather like in Chimney Rock (Tract 050902)?
Chimney Rock (Tract 050902) averages 51.1°F year-round, summer highs near 83.2°F, winter lows around 21.1°F (NOAA 1991–2020 normals). It sees about 21 inches of snow a year.
Is Chimney Rock (Tract 050902) at risk of flooding or natural disasters?
Chimney Rock (Tract 050902)'s FEMA National Risk Index score is 53.7 (near the U.S. tracts median). Its greatest modeled natural hazard is inland flooding. Expected annual loss from flooding is $0 per $1,000 of building value.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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