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, NJ

ZIP 08816 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08816

Median Home Value
$502,600
Median Rent
$1,966
Affordability Snapshot
$138,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,229/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 08816 in NJ, a household would need roughly $138,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,229. That is roughly in line with the local median household income ($141,731). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
80.5%+23% vs US avg
x
Vacancy Rate
3.2%-69% vs US avg
x
Broadband Access
96.3%+11% vs US avg
x
4+ Bedrooms
9.6%-35% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
22.0%-56% vs US avg
x
Mortgage-Free
35.1%-8% vs US avg
x
$502,600
Home Value
$1,966
Rent
1975
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.6%
  • 1-unit attached10.5%
  • 2-9 units9.9%
  • 10+ units14.9%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$502,600
Median rent$1,966
Owner-occupied80.5%
Vacant3.2%
Price-to-income3.5x
Est. income to buy$138,000