Rental numbers for Somerset County, NJ
The typical home here runs -$2,981 a month at 7.78% with 25% down. 0 of 7 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.0%.
- Gross yield
- 4.8%
- typical home, Zillow
- Median ZIP yield
- 5.0%
- 7 ZIPs with full data
- Cash flow
- -$2,981/mo
- at 7.78%, 25% down
- Typical price
- $667,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,665/mo
- Zillow ZORI, Aug 2026
ZIP codes in Somerset County
21 with published figures
| 08823Franklin Park | $423,000 | $3,000* | 8.5% | 4.1% | -$833 | n/a |
| 07921Bedminster | $521,000 | $3,000* | 6.9% | 3.4% | -$1,344 | n/a |
| 08880South Bound Brook | $458,000 | $2,370* | 6.2% | 1.6% | -$1,859 | n/a |
| 08873Somerset | $578,000 | $2,636 | 5.5% | 1.6% | -$2,347 | -0.1% |
| 08869Raritan | $553,000 | $2,494 | 5.4% | 1.4% | -$2,329 | +5.1% |
| 08835Manville | $484,000 | $2,150 | 5.3% | 0.9% | -$2,264 | n/a |
| 08844Hillsborough Township | $684,000 | $2,880* | 5.1% | 1.3% | -$2,933 | n/a |
| 07920Basking Ridge | $938,000 | $3,918 | 5.0% | 1.9% | -$3,545 | n/a |
| 08876Somerville | $609,000 | $2,509 | 4.9% | 0.9% | -$2,800 | +5.1% |
| 08807Bridgewater Township | $736,000 | $2,930 | 4.8% | 1.2% | -$3,208 | +3.3% |
| 08805Bound Brook | $540,000 | $2,099 | 4.7% | 0.5% | -$2,667 | +10.8% |
| 08502Belle Mead | $1,009,000 | $3,290* | 3.9% | 1.0% | -$4,586 | n/a |
| 08836Bridgewater Township | $888,000 | $2,750* | 3.7% | 0.7% | -$4,273 | n/a |
| 07069Watchung | $1,094,000 | $3,340* | 3.7% | 0.9% | -$5,072 | n/a |
| 08553Rocky Hill | $749,000 | $2,240* | 3.6% | 0.2% | -$3,899 | n/a |
| 08853Branchburg Township | $879,000 | $2,500* | 3.4% | 0.5% | -$4,389 | n/a |
| 07924Bernardsville | $1,037,000 | $2,790* | 3.2% | 0.4% | -$5,273 | n/a |
| 07059Warren Township | $1,144,000 | $2,850* | 3.0% | 0.4% | -$5,818 | n/a |
| 07934Far Hills | $1,038,000 | $2,530* | 2.9% | 0.2% | -$5,427 | n/a |
| 08558Skillman | $1,047,000 | $2,530* | 2.9% | 0.3% | -$5,418 | n/a |
| 07931Far Hills | $1,462,000 | $2,810* | 2.3% | 0.0% | -$7,840 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.5%
- Rent, 12 months
- +2.9%
- Rent minus price growth
- +0.3 pts
- Property tax
- 1.81%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $505,580 | $2,059 |
| Aug 2022 | $553,391 | $2,291 |
| Aug 2023 | $582,208 | $2,418 |
| Aug 2024 | $636,978 | $2,538 |
| Aug 2025 | $650,254 | $2,591 |
| Aug 2026 | $666,817 | $2,665 |
HUD Fair Market Rent
FY2027, Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,953 | $2,103 | $2,623 | $3,125 | $3,508 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 5.8
- 753 units, last 12 months
- National percentile
- 52th
- among US counties
Tools
Test a listing in Somerset County against today's rate.
Open the calculatorPart of the New York, NY metro.
Questions
- Is Somerset County good for rental property?
- The typical home here runs -$2,981 a month at 7.78% with 25% down. 0 of 7 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.0%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Somerset County?
- About 1.81% of value, from Census ACS median taxes paid over median home value. On a $667,000 home that is about $12,076 a year.
- What is Fair Market Rent in Somerset County?
- HUD's FY2027 Fair Market Rent here is $2,103 for a 1-bedroom, $2,623 for a 2-bedroom and $3,125 for a 3-bedroom. Typical cash flow at today's rate is -$2,981 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.