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ZIP Code 08502

Somerset, New Jersey

FIPS 08502

Juniper

ZIP Code 08502 is in the top 14% nationally for appreciation 1yr %, but in the bottom 33% nationally for price-to-income ratio. It also sits in the 97th percentile nationally for median rent. And it sits in the 96th percentile nationally for median home value.

Median Home Value

$816,700

Higher than 96% of U.S. ZIP codes

HPI Growth 5yr %

52%

Higher than 75% of U.S. ZIP codes

FEMA Risk Score

66.4

Near the U.S. ZIP codes median

The basics

Total Population

11,849

Median Age

41.6

Home values & property tax

Ranked against U.S. ZIP codes.

Median Home Value

$816,700

Higher than 96%

Median Property Tax

$10,001

Effective Tax Rate

1%

Cost of living & affordability

Ranked against U.S. ZIP codes.

Price-to-Income Ratio

3.59

Higher than 67%

Median Rent

$2,298

Higher than 97%

Home prices & appreciation

Ranked against U.S. ZIP codes.

HPI Growth 5yr %

52%

Higher than 75%

Appreciation 1yr %

5.9%

Higher than 86%

Pandemic Gain %

35%

Recession Drop %

-12%

Climate & weather

Ranked against U.S. ZIP codes.

Summer Avg High (°F)

82.9

Winter Avg Low (°F)

24.1

Avg Temperature (°F)

52.5

Hot Days/yr (>90°F)

17.1

Freezing Days/yr (<32°F)

118.3

Annual Precipitation (in)

48.5

Annual Snowfall (in)

23.9

Flood & disaster risk

Ranked against U.S. ZIP codes.

FEMA Risk Score

66.4

Near median

EAL Flood/Coastal per $1K

0

The full report

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

  • People

  • Work & Money

  • Housing

  • Amenities

  • Environment & Risk

ZIP Code 08502: frequently asked questions

What is the median home value in ZIP Code 08502?
The median home value in ZIP Code 08502 is $816,700, higher than 96% of U.S. ZIP codes.
How much is property tax in ZIP Code 08502?
The median annual property tax in ZIP Code 08502 is $10,001, an effective rate of 1% of home value.
Is ZIP Code 08502 expensive to live in?
Homes in ZIP Code 08502 cost about 3.59× the median household income, higher than 67% of U.S. ZIP codes.
What is the average rent in ZIP Code 08502?
The median gross rent in ZIP Code 08502 is $2,298 a month, higher than 97% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 08502?
Home prices in ZIP Code 08502 have moved 52% over the past five years (5.9% in the past year), per the FHFA House Price Index.
What is the weather like in ZIP Code 08502?
ZIP Code 08502 averages 52.5°F year-round, summer highs near 82.9°F, winter lows around 24.1°F (NOAA 1991–2020 normals). It sees about 23.9 inches of snow a year.
Is ZIP Code 08502 at risk of flooding or natural disasters?
ZIP Code 08502's FEMA National Risk Index score is 66.4 (near the U.S. ZIP codes median). Its greatest modeled natural hazard is hurricane. Modeled coastal-flood loss is negligible.

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