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ZIP Code 08823

Somerset, New Jersey

ZCTA 08823

Juniper

ZIP Code 08823 is in the lowest 11% nationally for FEMA risk score. It also sits in the highest 4% nationally for median rent. And it sits in the highest 10% nationally for home price growth over five years.

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

$413,462

Higher than 63% of U.S. ZIP codes
Home Price Growth, Past Five Years

72%

Higher than 90% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

27.7

Lower than 89% of U.S. ZIP codes

The boundary of ZIP Code 08823, in Somerset, New Jersey.

The basics

Total Population

8,884

Median Age

39.1

Population Density

2,573.59

Home values & property tax

Median Property Tax

$5,693

Property Tax Rateyearly tax as a share of home value

1.9%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

2.58×

Lower than 68% of U.S. ZIP codes
Median Income

$115,597

Higher than 89% of U.S. ZIP codes
Median Rent

$2,320

Higher than 96% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

8.8%

Higher than 84% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

29%

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

17%

Climate & weather

Summer Avg High (°F)

84.1

Winter Avg Low (°F)

25.1

Avg Temperature (°F)

53.7

Hot Days/yr (>90°F)

23.6

Freezing Days/yr (<32°F)

110.5

Annual Precipitation (in)

49.3

Annual Snowfall (in)

29

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 08823: frequently asked questions

What is the typical home value in ZIP Code 08823?
The estimated median home value in ZIP Code 08823 today is $413,462, higher than 63% of U.S. ZIP codes.
How much is property tax in ZIP Code 08823?
The median annual property tax in ZIP Code 08823 is $5,693, an effective rate of 1.9% of home value.
Is ZIP Code 08823 expensive to live in?
Homes in ZIP Code 08823 cost about 2.58× the median household income, lower than 68% of U.S. ZIP codes.
What is the average rent in ZIP Code 08823?
The median gross rent in ZIP Code 08823 is $2,320 a month, higher than 96% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 08823?
Home prices in ZIP Code 08823 have moved 72% over the past five years (8.8% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 08823?
ZIP Code 08823 has a population of 8,884, about 2,573.59 people per square mile, per the U.S. Census American Community Survey. The median age is 39.1.
What is the weather like in ZIP Code 08823?
ZIP Code 08823 averages 53.7°F year-round, summer highs near 84.1°F, winter lows around 25.1°F (NOAA 1991–2020 normals). It sees about 29 inches of snow a year.
Is ZIP Code 08823 at risk of flooding or natural disasters?
ZIP Code 08823's FEMA National Risk Index score is 27.7 (lower than 89% of U.S. ZIP codes). 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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