Millstone Township, NJ—08510
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Millstone Township, NJ
Home Price Trends — Millstone Township, NJ
As of Oct '25, the median home price in Millstone Township, NJ is $914,000, with a year-over-year change of 1.1%. This indicates that home prices in Millstone Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $914,000 | 1.1% |
| Single Family | $914,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $647,000 | 1.6% |
4 Bed | $937,000 | 0.9% |
| 5 Bed | $1,148,000 | 0.5% |
% of Housing Stock
Rental Trends — Millstone Township, NJ
Millstone Township, NJ lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Millstone Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Millstone Township, NJ is 38. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,440,000 | 11.0% |
Listing Count | 21 | 5.0% |
| Listings as % of Homes | 1.0% | 5.0% |
Days on Market | 38 | 10.0% |
Demographics — Millstone Township, NJ
As of the latest ACS Survey released in 2023, Millstone Township, NJ has a population of 5,380, which has decreased by -6.4% over the past 5 years. Millstone Township, NJ is a moderately popular place for families, as children make up 17.2% of the population. The area has a highly educated workforce, with 61.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,380 | -6.4% |
% Under 18 | 17.2% | -23.2% |
% Seniors | 16.7% | 36.9% |
% WFH | 16.8% | 217.0% |
% w/ College Degree | 61.7% | 45.5% |
As of the latest ACS Survey released in 2023, Millstone Township, NJ is a predominantly white area, with 60.6% of the population identifying as white. The white population has shrunk by 25.8% in the last 5 years. The second most common race or ethnicity in Millstone Township, NJ is hispanic, making up 23.0% of the population. Foreign-born residents account for 16.9% of the population in Millstone Township, NJ, and this percentage has increased by 96.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.6% | -25.8% |
% Black | 0.6% | -76.0% |
% Hispanic | 23.0% | 125.5% |
% Asian | 11.0% | 243.8% |
% Foreign Born | 16.9% | 96.5% |
Mortgage and Risk — Millstone Township, NJ
According to HUD data as of 2023, there were 113 mortgage originations in Millstone Township, NJ, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Millstone Township, NJ. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 113 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Millstone Township, NJ
Millstone Township, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 13.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,950 |
| 2 Bedroom | N/A | N/A | $2,420 |
| 3 Bedroom | N/A | N/A | $3,280 |
| 4 Bedroom | N/A | N/A | $3,660 |
Affordability — Millstone Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $914,000 |
| Median Household Income | $202,000 |