Real Estate Market Update for 08873 (Somerset, NJ)
Map Information for 08873 (Somerset, NJ)
Area Information for 08873 (Somerset, NJ)
  • Community Character: Low Residential Turnover, Suburb of Newark
  • Population: 49,028
  • Median Age: 39.58 yr
  • Median Commute Time: 23.46 mins
  • Educational Climate*: 4
  • Recycling Likelihood**: 128
  • Sales Tax: 7%
  • Population Density: 1,497/sq mi
  • Population Change Since 2000: 18%
  • Closest Airport: Trenton Mercer
  • Closest College: Rutgers New Brunswick
  • Closest Jr. College: Somerset Christian College
  • Median Household Income: $86,864
  • Annual Residential Turnover: 15.61%
  • Median Years in Residence: 3.89 yr
  • Median Home Sales Price: $276,850
  • Closest Major Sports Team: Trenton Thunder (aa)
  • Change Avg. Household Income Since 2000: 28%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for 08873 (Somerset, NJ)
Median Age: 39.58 Married: 42% Number of Households: 18,466 Households with Children: 6,133
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 08873 (Somerset, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Sampson G Smith Interm School 0.8 mi Public 4 - 6 2 4
      Cedar Hill Preparatory School 1.3 mi Private K - 8 0 5
      Franklin High School 1.4 mi Public 9 - 12 1 3
      Community Baptist Chrn Academy 1.4 mi Private K - 3 0 3
      St Matthias School 1.6 mi Catholic K - 8 0 5
      Macafee Road School 1.8 mi Public K - 5 2 5
      Central Jersey College Preparatory Cs 2.0 mi State 7 - 12 0 0
      Conerly Road Elementary School 2.0 mi Public K - 5 1 5
      New Road School 2.2 mi Private SPECIAL EDUCATION 0 0
      Somerset Bible Bapt Chrn Academy 2.3 mi Private K - 12 0 5
      Rutgers Preparatory School 2.5 mi Private K - 12 0 4
      Franklin Middle School 2.6 mi Public 7 - 9 2 3
      Elizabeth Ave Elementary School 2.7 mi Public K - 5 2 4
      Hillcrest Elementary School 2.7 mi Public K - 5 1 0
      High Road Upper School 2.9 mi Private SPECIAL EDUCATION 0 5
      Oakcrest Country Day School 3.0 mi Private K - 3 0 0
      Pine Grove Manor School 3.3 mi Public K - 5 1 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2010
      Local Weather for 08873 (Somerset, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2013 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.