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ZIP Code 08823

Somerset, New Jersey

FIPS 08823

Juniper

ZIP Code 08823 is in the top 5% nationally for HPI growth 5yr %. It also sits in the 97th percentile nationally for median rent. And it sits in the top 7% nationally for appreciation 1yr %.

Median Home Value

$298,800

Higher than 69% of U.S. ZIP codes

HPI Growth 5yr %

72%

Higher than 95% of U.S. ZIP codes

FEMA Risk Score

44.3

Lower than 73% of U.S. ZIP codes

The basics

Total Population

8,884

Median Age

39.1

Home values & property tax

Ranked against U.S. ZIP codes.

Median Home Value

$298,800

Higher than 69%

Median Property Tax

$5,693

Effective Tax Rate

2%

Cost of living & affordability

Ranked against U.S. ZIP codes.

Price-to-Income Ratio

2.58

Lower than 60%

Median Rent

$2,320

Higher than 97%

Home prices & appreciation

Ranked against U.S. ZIP codes.

HPI Growth 5yr %

72%

Higher than 95%

Appreciation 1yr %

8.8%

Higher than 93%

Pandemic Gain %

29%

Recession Drop %

-17%

Climate & weather

Ranked against U.S. ZIP codes.

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

Ranked against U.S. ZIP codes.

FEMA Risk Score

44.3

Lower than 73%

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 08823: frequently asked questions

What is the median home value in ZIP Code 08823?
The median home value in ZIP Code 08823 is $298,800, higher than 69% 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 2% 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 60% 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 97% 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.
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 44.3 (lower than 73% of U.S. ZIP codes). Its greatest modeled natural hazard is earthquake. Modeled coastal-flood loss is negligible.

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