Flemington, NJ—08822
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Flemington, NJ
As of Oct '25, the median home price in Flemington, NJ is $630,000, with a year-over-year change of 3.3%. This indicates that home prices in Flemington, NJ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $630,000 | 3.3% |
| Single Family | $664,000 | 3.1% |
| Condos | $391,000 | 6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $422,000 | 2.4% |
3 Bed | $568,000 | 4.2% |
4 Bed | $813,000 | 3.4% |
| 5 Bed | $948,000 | 3.4% |
% of Housing Stock
Rental Trends — Flemington, NJ
As of July '25, Rentcast reports the average rent in Flemington, NJ is $2,660, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Flemington, NJ is studios: $2,050, 1-bedrooms: $1,980, 2-bedrooms: $2,270, 3-bedrooms: $3,210, 4-bedrooms: $3,630. The most common rental property sizes in Flemington, NJ are 1-bedroom and 2-bedroom, accounting for 40.5% and 39.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,480 | $2,660 |
| Studio Rent | $2,050 | $2,050 |
| 1 Bed Rent | $1,980 | $1,980 |
| 2 Bed Rent | $2,300 | $2,270 |
| 3 Bed Rent | $3,200 | $3,210 |
| 4 Bed Rent | $3,700 | $3,630 |
% of Rental Stock
Property Listings — Flemington, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Flemington, NJ is 38. This is a decrease of -16.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $647,000 | -7.0% |
Listing Count | 80 | -11.0% |
| Listings as % of Homes | 0.5% | -11.0% |
Days on Market | 38 | -16.0% |
Demographics — Flemington, NJ
As of the latest ACS Survey released in 2023, Flemington, NJ has a population of 32,000, which has increased by 2.8% over the past 5 years. Flemington, NJ is a moderately popular place for families, as children make up 21.2% of the population. The area has a highly educated workforce, with 57.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,000 | 2.8% |
% Under 18 | 21.2% | -0.5% |
% Seniors | 17.4% | 5.5% |
% WFH | 18.2% | 188.9% |
% w/ College Degree | 57.5% | 11.0% |
As of the latest ACS Survey released in 2023, Flemington, NJ is a predominantly white area, with 75.2% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Flemington, NJ is hispanic, making up 12.4% of the population. Foreign-born residents account for 15.4% of the population in Flemington, NJ, and this percentage has increased by 4.1% 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 | 75.2% | -7.8% |
% Black | 3.0% | 42.9% |
% Hispanic | 12.4% | 24.0% |
% Asian | 6.6% | 15.8% |
% Foreign Born | 15.4% | 4.1% |
Mortgage and Risk — Flemington, NJ
According to HUD data as of 2023, there were 508 mortgage originations in Flemington, NJ, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Flemington, NJ. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 508 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Flemington, NJ
As of 2024, the percent of homes in Flemington, NJ under the Section 8 program is 11.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Flemington, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 270 |
Total Units Section 8 | 270 |
% Rentals under Section 8 | 11.3% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$350 | $1,980 | $1,630 |
| 2 Bedroom | -$250 | $2,300 | $2,050 |
| 3 Bedroom | -$710 | $3,200 | $2,490 |
| 4 Bedroom | -$970 | $3,700 | $2,730 |
Affordability — Flemington, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $630,000 |
| Median Household Income | $138,000 |