Hunterdon County, New Jersey Housing Market
In Hunterdon County, New Jersey, the median home value is $517,200, with a median monthly rent of $1,687. This places Hunterdon County at #127 nationally out of 3134 counties by median home value, and #8 within New Jersey.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,472
- Establishments: 3,896
- BLS QCEW, 2025
Housing Supply
- Single-family: 126
- Multi-family: 418
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 55,566 (avg $166,066)
- Outflow: 53,435 (avg $172,585)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Hunterdon County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 08559 | 248.3 | +10.96% | 2025 |
| 2 | 08889 | 227.6 | +6.95% | 2025 |
| 3 | 08829 | 255.6 | +8.53% | 2025 |
| 4 | 08867 | 203.6 | +9.19% | 2025 |
| 5 | 08827 | 222.4 | +10.25% | 2025 |
| 6 | 08853 | 232.9 | +6.45% | 2025 |
| 7 | 08848 | 205.3 | +2.31% | 2025 |
| 8 | 08876 | 268.6 | +9.03% | 2025 |
| 9 | 07882 | 263.5 | +12.66% | 2025 |
| 10 | 07865 | 216.8 | +5.27% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Hunterdon County Compares
| Metric | Hunterdon County | New Jersey Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $517,200 | $430,014 | $227,706 |
| Median Gross Rent | $1,687 | $1,634 | $968 |
| Owner Occupancy Rate | 85.1% | 68.3% | 73.3% |
| Price/Rent Ratio | 25.5 | 21.6 | 18.7 |
Market Analysis
The median home value in Hunterdon County is 20.3% above the New Jersey state average and 127.1% above the U.S. national average. The median rent of $1,687/month is 3.2% above the state average.
With a price-to-rent ratio of 25.5, Hunterdon County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Hunterdon County has an owner-occupancy rate of 85.1%, compared to 68.3% in New Jersey and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Kootenai County | Idaho | $518,700 | $1,492 |
| Hawaii County | Hawaii | $519,300 | $1,510 |
| Bristol County | Rhode Island | $513,800 | $1,528 |
| Benton County | Oregon | $513,000 | $1,410 |
| Kendall County | Texas | $512,700 | $1,606 |
Other Counties in New Jersey
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Essex County | $524,100 | $1,531 | 44.9% |
| Union County | $529,200 | $1,730 | 57.4% |
| Hudson County | $539,700 | $1,894 | 30.7% |
| Somerset County | $552,100 | $2,033 | 74.3% |
| Middlesex County | $462,900 | $1,871 | 63.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).