ZIP Code · NJ

ZIP 08648

Part of Lawrence Township, NJ

Pop. 31,323·Mercer County·93rd most expensive ZIP in New Jersey

Median rent (all units)

$2,572/mo

Year-over-Year

+3.0%

Month-over-Month

+0.6%

vs US Median

+$640

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 08648 · $2,572

More expensive than 82% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,700

1 BR

$1,960

2 BR

$2,470

3 BR

$2,960

4 BR+

$3,380

Research median

$2,470/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 08648 is at its highest level since Zillow's records here began in January 2022.

Past year vs. the rest of New Jersey

Rent in ZIP 08648 changed +3.0% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($125,514) is $3,138 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,960); a 4-bedroom is $3,380.

Cheaper nearby

ZIP 08638, 3 miles away, rents for 15% less ($2,190/mo), about $4,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 08648. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$30,864/yr

At $2,572/mo median

Location

CityLawrence Township

StateNJ

CountyMercer County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.0% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 08648 (Lawrence Township, NJ) is majority owner-occupied, has a median income above the national average, 60.3% of residents hold a bachelor's degree or higher.

Population

31,323

Median income

$125,514

Median age

39.5

Renters

34%

Age distribution

19%

27.3%

25%

12.3%

16.5%

Under 1819%

18–3427.3%

35–5425%

55–6412.3%

65+16.5%

Gender

47.8%

52.2%

Male47.8%

Female52.2%

Race & ethnicity

57.8%

13.4%

15.6%

14.5%

White57.8%

Black13.4%

Hispanic15.6%

Asian14.5%

Education (25+)

16.7%

14.5%

60.3%

No HS diploma8.5%

HS diploma16.7%

Some college14.5%

Bachelor's+60.3%

Housing tenure

66%

34%

Owner66%

Renter34%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 08648 in Lawrence Township, NJ has changed in 5 years

Rent

$2,289 → $2,572

up 12.4%

Income

$113,214 → $125,514

up 10.9%

Population

32,508 → 31,323

down 3.6%

Renter share

31% → 34%

+3.0 pts

Bachelor's+

56.9% → 60.3%

+3.4 pts

Median age

39 → 39.5

+0.5 yrs

Across the past five years, the going rent in ZIP 08648 in Lawrence Township, NJ has shifted from $2,289 to $2,572, up 12.4% since 2022. Median household income climbed from $113,214 to $125,514 between 2021 and 2024, a 10.9% shift. Census counts show ZIP 08648 in Lawrence Township, NJ losing about 1,185 residents over the five-year window, down 3.6% on net. The renter share has risen from 31% to 34%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 56.9% to 60.3% across the same window. Taken together, the five-year picture in ZIP 08648 in Lawrence Township, NJ reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 08648

Last updated: October 17, 2026

ZIP code 08648 covers Lawrence Township, NJ. The median rent here is $2,572/mo as of October 2026. A 1-bedroom rents for a median of $1,960/mo. A 2-bedroom rents for a median of $2,470/mo.

At 25% of local median household income ($125,514/yr), ZIP 08648 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 08648?

To keep rent at or below 30% of gross income, you would need to earn at least $103,000/year (about $50/hour full-time) to afford the median rent of $2,572/mo in ZIP 08648. The local median household income is $125,514/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 08648?

Rent in ZIP 08648 has risen 3.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2022.

How does ZIP 08648 compare to other ZIPs in New Jersey?

ZIP 08648 is in the middle among New Jersey ZIP codes for rent, ranking #93 of 209 at $2,572/mo. Over the year to September 2026, rent in ZIP 08648 changed +3.0%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.