Millstone Township, NJ—08535
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 $909,000, with a year-over-year change of 2.1%. 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 | $909,000 | 2.1% |
| Single Family | $909,000 | 2.2% |
| 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 | $663,000 | 2.0% |
4 Bed | $931,000 | 1.9% |
| 5 Bed | $1,149,000 | 1.9% |
% 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 43. This is a decrease of -31.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,530,000 | 0.0% |
Listing Count | 30 | -5.0% |
| Listings as % of Homes | 1.1% | -5.0% |
Days on Market | 43 | -31.0% |
Demographics — Millstone Township, NJ
As of the latest ACS Survey released in 2023, Millstone Township, NJ has a population of 4,970, which has increased by 5.5% over the past 5 years. Millstone Township, NJ is a moderately popular place for families, as children make up 18.7% of the population. The area has a highly educated workforce, with 57.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,970 | 5.5% |
% Under 18 | 18.7% | -16.1% |
% Seniors | 14.3% | 15.3% |
% WFH | 18.6% | 232.1% |
% w/ College Degree | 57.0% | -0.9% |
As of the latest ACS Survey released in 2023, Millstone Township, NJ is a predominantly white area, with 85.2% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Millstone Township, NJ is asian, making up 4.9% of the population. Foreign-born residents account for 9.7% of the population in Millstone Township, NJ, and this percentage has decreased by 4.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.2% | 1.9% |
% Black | 0.9% | -10.0% |
% Hispanic | 4.6% | -13.2% |
% Asian | 4.9% | -44.3% |
% Foreign Born | 9.7% | -4.9% |
Mortgage and Risk — Millstone Township, NJ
According to HUD data as of 2023, there were 81 mortgage originations in Millstone Township, NJ, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 81 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
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 | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,300 |
| 2 Bedroom | N/A | N/A | $2,840 |
| 3 Bedroom | N/A | N/A | $3,780 |
| 4 Bedroom | N/A | N/A | $4,210 |
Affordability — Millstone Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $909,000 |
| Median Household Income | $195,000 |