ZIP Code 07064 Housing Market

📝 Local Market Notes

ZIP code 07064 in Middlesex County, New Jersey, exhibits a robust and accelerating price trajectory over the past five years. The Home Price Index (HPI) has risen from 221.62 in 2021 to 353.03 in 2025, representing a cumulative increase of approximately 59.3%. This consistent upward trend indicates sustained demand within the sub-market, with annual gains compounding significantly since the post-pandemic surge. The recent data points to a mature market phase where price appreciation remains strong despite broader economic headwinds, reflecting limited inventory or high localized demand for specific housing stock. The ZIP’s current year-over-year appreciation of 7.47% outpaces both the Middlesex County average of 6.10% and the New Jersey state average of 4.53%. This positive divergence suggests that 07064 is currently experiencing stronger momentum than its surrounding regions. While neighboring ZIP 07721 shows higher absolute growth, 07064’s performance relative to the county baseline signals a distinct premium or heightened desirability compared to the broader Middlesex market. The alignment with the high HPI level of 353.0, which is well above the 2000 baseline, confirms that this area has transitioned into a higher-value segment of the local housing landscape. Contextualizing this growth with parent county data reveals a sub-market characterized by high-income households and significant equity accumulation. With a median household income of $111,549 and an owner-occupancy rate of 63.6%, 07064 serves a demographic with substantial purchasing power. Although the county’s median home value is $462,900, the high HPI index suggests that specific properties within 07064 command prices above this regional median. For prospective buyers, the combination of a 7.40% mortgage rate and rapid appreciation implies that entry costs are rising quickly. Residents should anticipate that maintaining equity requires holding properties, as the market is currently favoring established owners over new entrants due to the steep price escalation observed in recent years.

Based on FHFA House Price Index data.