RentDataNowRentDataNow
ZIP Code · NJ

ZIP 08873

Part of Somerset, NJ
Pop. 56,327·Somerset County·73rd most expensive ZIP in New Jersey
Median rent (all units)
$2,720/mo
Year-over-Year
+5.8%
Month-over-Month
Stable
vs US Median
+$755
Stable (Monthly)
Be the first to discuss 08873 rents ↓
Most AffordableMost Expensive
ZIP 08873 · $2,720
More expensive than 85% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,930
1 BR
$2,120
2 BR
$2,660
3 BR
$3,190
4 BR+
$3,530
Research median
$2,660/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$32,640/yr
At $2,720/mo median
Location
StateNJ
CountySomerset County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.8% YoY, -0.0% MoM), not inventory.
Demographics

Who lives here

ZIP 08873 (Somerset, NJ) is majority owner-occupied, has a median income above the national average, 54.6% of residents hold a bachelor's degree or higher.

Population
56,327
Median income
$124,972
Median age
40.4
Renters
32.4%
Age distribution
19.8%
22.6%
26.1%
12.4%
19.1%
Under 1819.8%
18–3422.6%
35–5426.1%
55–6412.4%
65+19.1%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
29.8%
28.5%
20.1%
21.1%
White29.8%
Black28.5%
Hispanic20.1%
Asian21.1%
Other0.5%
Education (25+)
18%
19.8%
54.6%
No HS diploma7.6%
HS diploma18%
Some college19.8%
Bachelor's+54.6%
Housing tenure
67.6%
32.4%
Owner67.6%
Renter32.4%

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

2021 vs 2026

How ZIP 08873 in Somerset, NJ has changed in 5 years

Income
$98,251 → $124,972
up 27.2%
Population
55,115 → 56,327
up 2.2%
Renter share
31.6% → 32.4%
+0.8 pts
Bachelor's+
52.6% → 54.6%
+2.0 pts
Median age
40.9 → 40.4
-0.5 yrs

Census figures show median household income at $124,972 today, compared with $98,251 five years earlier. Census counts show ZIP 08873 in Somerset, NJ adding about 1,212 residents over the five-year window, up 2.2% on net. Bachelor's-degree-or-higher attainment moved from 52.6% to 54.6% across the same window.

Community

Discussions about ZIP 08873

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 08873

About renting in ZIP 08873

Last updated: July 20, 2026

ZIP code 08873 covers Somerset, NJ. The median rent here is $2,720/mo as of July 2026. A 1-bedroom rents for a median of $2,120/mo. A 2-bedroom rents for a median of $2,660/mo.

At 26% of local median household income ($124,972/yr), ZIP 08873 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 08873?

As of July 20, 2026, the median monthly rent in ZIP 08873 (Somerset, NJ) is $2,720. This is based on aggregated data from public sources and community submissions.

How does ZIP 08873 rent compare to the US average?

ZIP 08873's median rent of $2,720/mo is $755 (38%) above the US national median of $1,965/mo.

How does ZIP 08873 compare to other ZIPs in New Jersey?

ZIP 08873 falls in the middle range for New Jersey, ranking #73 out of 212 ZIPs at $2,720/mo.

How much income do you need to rent in ZIP 08873?

To keep rent at or below 30% of gross income, you would need to earn at least $109,000/year (~$52/hour full-time) to afford the median rent of $2,720/mo in ZIP 08873. The local median household income is $124,972/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 08873?

Rent in ZIP 08873 has increased 5.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 08873 an affordable place to rent?

ZIP 08873 is considered affordable for renters. At $2,720/mo, rent takes approximately 26% of the local median household income ($124,972/yr). The standard benchmark is 30%. ZIP 08873 falls comfortably within that range.

What percentage of ZIP 08873 residents rent vs. own?

According to Census data, approximately 32.4% of ZIP 08873 households are renters, while 67.6% are owner-occupied. ZIP 08873 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 08873 compare to the rest of Somerset?

ZIP 08873 sits right at the Somerset citywide median of $2,720/mo.

When was rent data for ZIP 08873 last updated?

Rent data for ZIP 08873 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $2,720/mo, rent takes ~26% of ZIP 08873's median household income ($124,972/yr). The standard benchmark is 30%.

ZIP 08873 26%Benchmark 30%
State income tax1.4–10.75%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 08873 (Somerset, NJ)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.