Middlesex County, New Jersey Housing Market
In Middlesex County, New Jersey, the median home value is $462,900, with a median monthly rent of $1,871. This places Middlesex County at #171 nationally out of 3134 counties by median home value, and #9 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: $1,633
- Establishments: 25,316
- BLS QCEW, 2025
Housing Supply
- Single-family: 710
- Multi-family: 766
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 358,361 (avg $106,735)
- Outflow: 357,008 (avg $107,999)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Middlesex County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 07721 | 367.4 | +22.11% | 2025 |
| 2 | 07064 | 353.0 | +7.47% | 2025 |
| 3 | 08840 | 332.2 | +6.81% | 2025 |
| 4 | 07077 | 303.8 | +0.81% | 2025 |
| 5 | 08536 | 328.5 | +12.66% | 2025 |
| 6 | 08817 | 343.8 | +4.53% | 2025 |
| 7 | 08901 | 316.7 | +13.24% | 2025 |
| 8 | 08820 | 309.3 | +4.96% | 2025 |
| 9 | 08904 | 285.6 | +9.29% | 2025 |
| 10 | 08884 | 318.4 | +9.68% | 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 Middlesex County Compares
| Metric | Middlesex County | New Jersey Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $462,900 | $430,014 | $227,706 |
| Median Gross Rent | $1,871 | $1,634 | $968 |
| Owner Occupancy Rate | 63.6% | 68.3% | 73.3% |
| Price/Rent Ratio | 20.6 | 21.6 | 18.7 |
Market Analysis
The median home value in Middlesex County is 7.6% above the New Jersey state average and 103.3% above the U.S. national average. The median rent of $1,871/month is 14.5% above the state average.
With a price-to-rent ratio of 20.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Middlesex County has an owner-occupancy rate of 63.6%, compared to 68.3% in New Jersey and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Miami-Dade County | Florida | $463,000 | $1,829 |
| Queen Anne's County | Maryland | $462,700 | $1,619 |
| Oconee County | Georgia | $461,600 | $1,462 |
| Wake County | North Carolina | $461,300 | $1,623 |
| Frederick County | Maryland | $464,600 | $1,774 |
Other Counties in New Jersey
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Passaic County | $459,500 | $1,621 | 53.1% |
| Cape May County | $434,600 | $1,360 | 80.3% |
| Hunterdon County | $517,200 | $1,687 | 85.1% |
| Essex County | $524,100 | $1,531 | 44.9% |
| Ocean County | $398,400 | $1,755 | 80.7% |
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).