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ZIP Code · NJ

ZIP 08840

Part of Metuchen, NJ
Pop. 18,206·Middlesex County·57th most expensive ZIP in New Jersey
Median rent (all units)
$2,907/mo
Year-over-Year
-2.0%
Month-over-Month
-1.9%
vs US Median
+$942
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 08840 · $2,907
More expensive than 88% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,060
1 BR
$2,260
2 BR
$2,840
3 BR
$3,410
4 BR+
$3,770
Research median
$2,840/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
$34,884/yr
At $2,907/mo median
Location
StateNJ
CountyMiddlesex County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 2.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-2.0% YoY, -1.9% MoM), not inventory.
Demographics

Who lives here

ZIP 08840 (Metuchen, NJ) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 62.2% of residents hold a bachelor's degree or higher.

Population
18,206
Median income
$146,635
Median age
39.2
Renters
23.7%
Age distribution
26.4%
16.2%
29.6%
12.3%
15.5%
Under 1826.4%
18–3416.2%
35–5429.6%
55–6412.3%
65+15.5%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
55.7%
20.2%
White55.7%
Black6.4%
Hispanic10.7%
Asian20.2%
Other7%
Education (25+)
14.1%
19.3%
62.2%
No HS diploma4.4%
HS diploma14.1%
Some college19.3%
Bachelor's+62.2%
Housing tenure
76.3%
23.7%
Owner76.3%
Renter23.7%

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

2021 vs 2026

How ZIP 08840 in Metuchen, NJ has changed in 5 years

Income
$137,399 → $146,635
up 6.7%
Population
17,757 → 18,206
up 2.5%
Renter share
22.4% → 23.7%
+1.3 pts
Bachelor's+
59.9% → 62.2%
+2.3 pts

Median household income grew from $137,399 to $146,635 between 2021 and 2024, a 6.7% shift. Headcount in the area went from 17,757 to 18,206 between 2021 and 2024, a 2.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 59.9% to 62.2%.

Community

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Local insights

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About renting in ZIP 08840

Last updated: July 20, 2026

ZIP code 08840 covers Metuchen, NJ. The median rent here is $2,907/mo as of July 2026. A 1-bedroom rents for a median of $2,260/mo. A 2-bedroom rents for a median of $2,840/mo.

At 24% of local median household income ($146,635/yr), ZIP 08840 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 08840?

As of July 20, 2026, the median monthly rent in ZIP 08840 (Metuchen, NJ) is $2,907. This is based on aggregated data from public sources and community submissions.

How does ZIP 08840 rent compare to the US average?

ZIP 08840's median rent of $2,907/mo is $942 (48%) above the US national median of $1,965/mo.

How does ZIP 08840 compare to other ZIPs in New Jersey?

ZIP 08840 is one of the pricier ZIP codes in New Jersey, ranking #57 out of 212 ZIPs tracked at $2,907/mo.

How much income do you need to rent in ZIP 08840?

To keep rent at or below 30% of gross income, you would need to earn at least $116,000/year (~$56/hour full-time) to afford the median rent of $2,907/mo in ZIP 08840. The local median household income is $146,635/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 08840?

Rent in ZIP 08840 has decreased 2.0% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 08840 an affordable place to rent?

ZIP 08840 is considered very affordable for renters. At $2,907/mo, rent takes approximately 24% of the local median household income ($146,635/yr). The standard benchmark is 30%. ZIP 08840 falls comfortably within that range.

What percentage of ZIP 08840 residents rent vs. own?

According to Census data, approximately 23.7% of ZIP 08840 households are renters, while 76.3% are owner-occupied. ZIP 08840 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 08840 compare to the rest of Metuchen?

ZIP 08840 is pricier than Metuchen as a whole. At $2,907/mo, it's $13 above the Metuchen citywide median of $2,894/mo.

When was rent data for ZIP 08840 last updated?

Rent data for ZIP 08840 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,907/mo, rent takes ~24% of ZIP 08840's median household income ($146,635/yr). The standard benchmark is 30%.

ZIP 08840 24%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 08840 (Metuchen, NJ)

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