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ZIP Code 08502

Somerset, New Jersey

ZCTA 08502

Juniper

ZIP Code 08502 is in the 99th percentile nationally for median income. It also sits in the highest 4% nationally for typical home value. And it sits in the highest 4% nationally for median rent.

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

$975,422

Higher than 96% of U.S. ZIP codes
Home Price Growth, Past Five Years

52%

Near the U.S. ZIP codes median
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

63.4

Near the U.S. ZIP codes median

The boundary of ZIP Code 08502, in Somerset, New Jersey.

The basics

Total Population

11,849

Median Age

41.6

Population Density

895.49

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

3.59×

Higher than 63% of U.S. ZIP codes
Median Income

$227,242

Higher than 99% of U.S. ZIP codes
Median Rent

$2,298

Higher than 96% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

5.9%

Higher than 69% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

35%

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

12%

Climate & weather

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

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

ZIP Code 08502: frequently asked questions

What is the typical home value in ZIP Code 08502?
The estimated median home value in ZIP Code 08502 today is $975,422, 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.
Is ZIP Code 08502 expensive to live in?
Homes in ZIP Code 08502 cost about 3.59× the median household income, higher than 63% 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 96% 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.
How many people live in ZIP Code 08502?
ZIP Code 08502 has a population of 11,849, about 895.49 people per square mile, per the U.S. Census American Community Survey. The median age is 41.6.
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 63.4 (near the U.S. ZIP codes median). Its greatest modeled natural hazard is inland flooding. Modeled coastal-flood loss is negligible.

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

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