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Somerville borough, NJ

ZIP 08876 — 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 08876

Median Home Value
$468,400
Median Rent
$1,658
Affordability Snapshot
$129,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,009/mo PITI).

16%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

23.5 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 08876 in Somerville borough, NJ, a household would need roughly $129,000 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 $3,009. That is roughly in line with the local median household income ($120,823). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
63.1%-4% vs US avg
x
Vacancy Rate
1.8%-83% vs US avg
x
Broadband Access
94.2%+8% vs US avg
x
4+ Bedrooms
3.7%-75% vs US avg
x
Built Pre-1939
6.2%-51% vs US avg
x
Built Post-2014
2.2%-69% vs US avg
x
Rent Burden >30%
20.6%-59% vs US avg
x
Mortgage-Free
32.0%-16% vs US avg
x
$468,400
Home Value
$1,658
Rent
1968
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached53.7%
  • 1-unit attached8.3%
  • 2-9 units18.1%
  • 10+ units17.7%
  • Mobile home & other2.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$468,400
Median rent$1,658
Owner-occupied63.1%
Vacant1.8%
Price-to-income3.9x
Est. income to buy$129,000