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Housing market/New Jersey/ZIP 08840

ACS 2023 · FY2027 SAFMR

ZIP 08840 Metuchen, 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
17,934
Households
6,333
Median HH income
$150,938
Renter share
23.2%
Median gross rent
$1,994
Vacancy
3.3%
Pop. change
+9.4%
2BR SAFMR
$2,930
SAFMR / rent
1.469×
2–49 unit stock
969
LIHTC proj / units
—
HUD assisted MF
1 / 122

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 08840 · NJ — sent to you.

ZIP 08840 · NJ

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ACS rent vs 2BR SAFMR

ZIP 08840 — Metuchen, NJ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,994
2BR SAFMR$2,930
90% floor$2,637
110% ceiling$3,223

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

Housing stock

ACS 2023 units-in-structure · ZCTA 08840

  • 1-unit detached4,46568.1%
  • 1-unit attached68410.4%
  • 2–4 units4156.3%
  • 5–49 units5548.5%
  • 50+ units4346.6%
TypeUnitsShare
1-unit detached4,46568.1%
1-unit attached68410.4%
2 units (duplex)1842.8%
3–4 units2313.5%
5–9 units1802.7%
10–19 units2674.1%
20–49 units1071.6%
50+ units4346.6%
Mobile00.0%

2–4 unit share 6.3% · 5–49 unit share 8.5% · combined 2–49 14.8%.

Units by bedrooms

Studio
96
1BR
833
2BR
1,130
3BR
2,411
4BR
1,568
5+
514

Rent burden

Rent ≥30% of income39.3%
Rent ≥50% of income16.7%
  • ACS median gross rent $1,994 (all bedrooms, occupied rentals).
  • Median contract rent $1,909.
  • Renters paying ≥30% of income 39.3%; ≥50% 16.7%.
  • FY2027 2BR SAFMR $2,930 (1.469× ACS median gross rent).

Population

17,934 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +9.4%.

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

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: 1 properties, 122 assisted units.
  • 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 08840 23.2% of occupied households are renters; vacancy is 3.3%; ACS median gross rent is $1,994; population increased +9.4% between the 2018 and 2023 ACS vintages; the housing stock includes 415 units in 2–4-unit structures and 554 units in 5–49-unit structures; FY2027 2BR SAFMR is $2,930 versus ACS median gross rent of $1,994. 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 08840 is a Census / HUD profile for Middlesex-Somerset-Hunterdon, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 08840 — Metuchen, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
07001Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area50.3%$1,839$2,71007008Middlesex-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——$2,750

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 08840?

ZIP 08840 (Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area) has 17,934 residents, 6,333 households, a renter share of 23.2%, median household income of $150,938, and ACS 2023 median gross rent of $1,994. Vacancy is 3.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 08840?

ACS counts 184 units in 2-unit buildings, 231 in 3–4 unit buildings, 180 in 5–9, 267 in 10–19, and 107 in 20–49. Combined 2–49 unit stock is 969 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 08840?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,930. See the full schedule and 90–110% payment-standard band on the ZIP 08840 — Metuchen, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 08840 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.