08051 Housing Market

$307,821

5.7% 1-yr

The average 08051 home value is $307,821, up 5.7% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

08051 Key Takeaways

Typical Home Values: $307,821

1-year Value Change: +5.7%

(Data through April 30, 2025)

08051 Housing Market Overview

0.1%1-year Market Forecast(April 30, 2025)

21For sale inventory(April 30, 2025)

12New listings(April 30, 2025)

--Median sale to list ratio

--Median sale price(March 31, 2025)

--Median list price(April 30, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Zip Codes

NameMedian ZHVI
08090$347,397
08061$444,435
08097$354,913
08020$432,765
08080$435,148
08056$595,707
08096$335,086
08086$354,565
08071$355,938

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08051 Rental Market Trends

--Average rent in 08051(April 30, 2025)

$2,024National average rent(April 30, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.