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Housing market/New Jersey/ZIP 07001

ACS 2023 · FY2027 SAFMR

ZIP 07001 Avenel, New Jersey

Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area · New Jersey. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
17,143
Households
5,629
Median HH income
$95,935
Renter share
50.3%
Median gross rent
$1,839
Vacancy
1.1%
Pop. change
-6.4%
2BR SAFMR
$2,710
SAFMR / rent
1.474×
2–49 unit stock
2,372
LIHTC proj / units
4 / 375
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 07001 · NJ — sent to you.

ZIP 07001 · NJ

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ACS rent vs 2BR SAFMR

ZIP 07001 — Avenel, NJ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,839
2BR SAFMR$2,710
90% floor$2,439
110% ceiling$2,981

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 07001

  • 1-unit detached2,33941.1%
  • 1-unit attached2835.0%
  • 2–4 units61410.8%
  • 5–49 units1,75830.9%
  • 50+ units3936.9%
  • Mobile3065.4%
TypeUnitsShare
1-unit detached2,33941.1%
1-unit attached2835.0%
2 units (duplex)4467.8%
3–4 units1683.0%
5–9 units4818.4%
10–19 units81214.3%
20–49 units4658.2%
50+ units3936.9%
Mobile3065.4%

2–4 unit share 10.8% · 5–49 unit share 30.9% · combined 2–49 41.7%.

Units by bedrooms

Studio
184
1BR
1,411
2BR
1,883
3BR
1,225
4BR
884
5+
106

Rent burden

Rent ≥30% of income38.2%
Rent ≥50% of income13.2%
  • ACS median gross rent $1,839 (all bedrooms, occupied rentals).
  • Median contract rent $1,703.
  • Renters paying ≥30% of income 38.2%; ≥50% 13.2%.
  • FY2027 2BR SAFMR $2,710 (1.474× ACS median gross rent).

Population

17,143 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -6.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 375 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 743 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 07001 50.3% of occupied households are renters; vacancy is 1.1%; ACS median gross rent is $1,839; population changed -6.4% between the 2018 and 2023 ACS vintages; the housing stock includes 614 units in 2–4-unit structures and 1,758 units in 5–49-unit structures; 4 LIHTC projects totaling 375 units; FY2027 2BR SAFMR is $2,710 versus ACS median gross rent of $1,839. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

New Jersey research

ZIP 07001 is a Census / HUD profile for Middlesex-Somerset-Hunterdon, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 07001 — Avenel, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
07008Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area44.7%$2,012$2,88007059Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area11.3%$2,099$2,93007064Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area6.9%—$2,59007069Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area12.4%$2,571$3,40007077Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area29.1%$1,382$2,24007080Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area14.9%$1,928$2,76007095Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area47.1%$2,077$2,93007831Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area0.0%—$2,24007882Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area28.5%$1,411$2,24007921Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area20.8%$2,160$3,11007938Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area——$2,75007939Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area100.0%—$3,390

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Jersey research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 07001?

ZIP 07001 (Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area) has 17,143 residents, 5,629 households, a renter share of 50.3%, median household income of $95,935, and ACS 2023 median gross rent of $1,839. Vacancy is 1.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 07001?

ACS counts 446 units in 2-unit buildings, 168 in 3–4 unit buildings, 481 in 5–9, 812 in 10–19, and 465 in 20–49. Combined 2–49 unit stock is 2,372 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 07001?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,710. See the full schedule and 90–110% payment-standard band on the ZIP 07001 — Avenel, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 07001 is Census / HUD research for Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. Jeff Crowe CRE does not list New Jersey property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.