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ZIP Code · NJ

ZIP 08648

Pop. 31,323·Mercer County·82nd most expensive ZIP in New Jersey
Median rent (all units)
$2,691/mo
Year-over-Year
+2.8%
Month-over-Month
+0.8%
vs US Median
+$726
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 08648 · $2,691
More expensive than 84% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$32,292/yr
At $2,691/mo median
Location
StateNJ
CountyMercer County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.8% YoY, +0.8% 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

2021 vs 2026

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

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

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.

Community

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Local insights

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About renting in ZIP 08648

Last updated: July 20, 2026

ZIP code 08648 covers Lawrence Township, NJ. The median rent here is $2,691/mo as of July 2026. A 1-bedroom rents for a median of $1,960/mo. A 2-bedroom rents for a median of $2,470/mo.

At 26% of local median household income ($125,514/yr), ZIP 08648 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 08648?

As of July 20, 2026, the median monthly rent in ZIP 08648 (Lawrence Township, NJ) is $2,691. This is based on aggregated data from public sources and community submissions.

How does ZIP 08648 rent compare to the US average?

ZIP 08648's median rent of $2,691/mo is $726 (37%) above the US national median of $1,965/mo.

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

ZIP 08648 falls in the middle range for New Jersey, ranking #82 out of 212 ZIPs at $2,691/mo.

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 $108,000/year (~$52/hour full-time) to afford the median rent of $2,691/mo in ZIP 08648. The local median household income is $125,514/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 08648?

Rent in ZIP 08648 has increased 2.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 08648 an affordable place to rent?

ZIP 08648 is considered affordable for renters. At $2,691/mo, rent takes approximately 26% of the local median household income ($125,514/yr). The standard benchmark is 30%. ZIP 08648 falls comfortably within that range.

What percentage of ZIP 08648 residents rent vs. own?

According to Census data, approximately 34% of ZIP 08648 households are renters, while 66% are owner-occupied. ZIP 08648 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 08648 compare to the rest of Lawrence Township?

ZIP 08648 sits right at the Lawrence Township citywide median of $2,691/mo.

When was rent data for ZIP 08648 last updated?

Rent data for ZIP 08648 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $2,691/mo, rent takes ~26% of ZIP 08648's median household income ($125,514/yr). The standard benchmark is 30%.

ZIP 08648 26%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 08648 (Lawrence Township, NJ)

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