Counties / New Jersey / Middlesex County

Middlesex County, NJ

FIPS 34023 · population 871,290 · part of New York, NY

$592k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$592k
▲ 2.7% year over year
Zillow ZHVI · direct
Median asking rent
$2,566
▲ 1.4% year over year
Zillow ZORI · direct
Gross yield
5.2%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$2,486
market rent is 1.03x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+62.2%not annualized · through 2025
0%ZILLOW ZHVI2026-06+2.7%FHFA HPI2025+6.1%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$463k
Surveyed gross rent$1,871
Rent burden 30%+48.1%
Median year built1974
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
3.2%vacant
317,979estimated housing units
Occupied tenure36.4% renter
owner 63.7%renter 36.4%
Structure mix63.4% single-family
Single-family 63.4%20+ units 9.8%Mobile home 0.8%Other 25.9%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs431,628▲ 0.2% from the prior annual release
Covered establishments25,844annual average reporting locations
Average weekly wage$1,646▲ 3.8% from the prior annual release
Largest private supersectorTrade, transportation, and utilities30.5% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+0.2%WEEKLY WAGE+3.8%Trade, transportation, and utilities30.5%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Middlesex’s tension is a positive but uneven price signal against a modest pre-cost income screen and meaningful carrying-cost exposure. Income-focused buyers should investigate property-level expenses, while buyers relying on appreciation should be cautious. Zillow’s 2026-06 county median home value was $592,229 and median asking rent was $2,566 per month, producing the supplied 5.20% gross yield before costs. That value measure rose 2.67%, while FHFA’s 2025 repeat-transaction HPI rose 6.10%; both are positive, but they are different vintages and methods, not one combined growth rate.

02Housing economics

The rent figure is measured market asking rent. HUD’s two-bedroom FMR is a payment standard below it, not an estimate of asking rent and not a substitute for revenue underwriting. An effective property-tax rate of 2.10% and a $9,712 median annual tax make the stated gross yield an incomplete carry-cost screen. Insurance, maintenance, vacancy, management, utilities, financing and rent distribution are not published, so net yield and property-level cash flow cannot be determined.

03Demand & competition

Realtor.com’s 2026-06 MLS view shows active listings up 31.64% year over year, median marketing time of 37 days, and 10.51% of listings with a price reduction. This is visible listing supply, marketing-time and seller-concession evidence that may improve selection for a buyer. It does not establish closed-sale values, absorption, or buyer demand by itself; Realtor.com listing figures remain asking-market evidence rather than transaction data.

04Risk & next checks

QCEW’s 2025 annual covered workplace employment increased 0.25%; it is not resident employment, unemployment or a forecast. Trade, transportation, and utilities was the largest disclosed private supersector, not the entire economy. Tax-return migration was negative and outgoing moving households had average AGI $8,789 above incoming households, a demand-quality caution rather than proof about tenants. Investors accounted for 628 of 6,196 purchase mortgages, or 10.14%, indicating participation rather than bid intensity. Inland flood is the dominant hazard, with modeled expected loss of 0.14% of building value annually. Flood zone, elevation, insurance, deductibles, condition, closed-sale comps and lease-level rent are not published; these omissions prevent property underwriting and a sale-price or liquidity conclusion.

Cities & communities

Where people live within Middlesex County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
New Brunswick city56.3KPerth Amboy city55.9KSayreville borough45.8KOld Bridge CDP28.2KCarteret borough25.5KSouth Plainfield borough24.5KWoodbridge CDP20.8KIselin CDP19.6K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

51 Census places

Population
  1. 01
    New Brunswick cityIncorporated place
    56,345
  2. 02
    Perth Amboy cityIncorporated place
    55,855
  3. 03
    Sayreville boroughIncorporated place
    45,838
  4. 04
    Old Bridge CDPCensus-designated place
    28,236
  5. 05
    Carteret boroughIncorporated place
    25,496
  6. 06
    South Plainfield boroughIncorporated place
    24,473
  7. 07
    Woodbridge CDPCensus-designated place
    20,756
  8. 08
    Iselin CDPCensus-designated place
    19,551
  9. 09
    Colonia CDPCensus-designated place
    18,587
  10. 10
    Avenel CDPCensus-designated place
    17,121
  11. 11
    South River boroughIncorporated place
    16,124
  12. 12
    Princeton Meadows CDPCensus-designated place
    15,561
Show 39 more places
  1. 13
    Metuchen boroughIncorporated place
    15,144
  2. 14
    Highland Park boroughIncorporated place
    15,121
  3. 15
    Middlesex boroughIncorporated place
    14,645
  4. 16
    Fords CDPCensus-designated place
    12,771
  5. 17
    Kendall Park CDPCensus-designated place
    10,011
  6. 18
    South Amboy cityIncorporated place
    9,989
  7. 19
    Monmouth Junction CDPCensus-designated place
    9,141
  8. 20
    Madison Park CDPCensus-designated place
    9,124
  9. 21
    Spotswood boroughIncorporated place
    8,171
  10. 22
    Dayton CDPCensus-designated place
    7,952
  11. 23
    Dunellen boroughIncorporated place
    7,911
  12. 24
    Heathcote CDPCensus-designated place
    7,717
  13. 25
    Milltown boroughIncorporated place
    7,059
  14. 26
    Laurence Harbor CDPCensus-designated place
    6,191
  15. 27
    Rutgers University-Busch Campus CDPCensus-designated place
    5,920
  16. 28
    Jamesburg boroughIncorporated place
    5,770
  17. 29
    Port Reading CDPCensus-designated place
    3,511
  18. 30
    Hopelawn CDPCensus-designated place
    3,496
  19. 31
    Rossmoor CDPCensus-designated place
    3,350
  20. 32
    Rutgers University-Livingston Campus CDPCensus-designated place
    3,258
  21. 33
    Sewaren CDPCensus-designated place
    3,248
  22. 34
    Menlo Park Terrace CDPCensus-designated place
    3,062
  23. 35
    Plainsboro Center CDPCensus-designated place
    2,773
  24. 36
    Concordia CDPCensus-designated place
    2,611
  25. 37
    Whittingham CDPCensus-designated place
    2,480
  26. 38
    Helmetta boroughIncorporated place
    2,459
  27. 39
    Brownville CDPCensus-designated place
    2,377
  28. 40
    Clearbrook CDPCensus-designated place
    2,375
  29. 41
    Monroe Manor CDPCensus-designated place
    2,286
  30. 42
    Keasbey CDPCensus-designated place
    2,252
  31. 43
    Cranbury CDPCensus-designated place
    2,185
  32. 44
    Forsgate CDPCensus-designated place
    2,102
  33. 45
    Regency at Monroe CDPCensus-designated place
    1,991
  34. 46
    Stonebridge CDPCensus-designated place
    1,966
  35. 47
    Kingston CDPCensus-designated place · spans 2 counties
    1,670
  36. 48
    Deans CDPCensus-designated place
    1,154
  37. 49
    The Ponds CDPCensus-designated place
    1,097
  38. 50
    Encore at Monroe CDPCensus-designated place
    872
  39. 51
    Renaissance at Monroe CDPCensus-designated place
    581

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.139% of building value expected lost per year

Effective property tax2.10%

$9,712 median annual bill

02
DemandIRS SOI household flows
Net migration-3,468

21,538 in · 25,006 out

Arriving vs leaving income−$8,789

$86,863 arriving · $95,652 leaving

03
CompetitionHMDA financed purchases
Purchases by investors10.1%

628 of 6,196 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings1,658▲ 31.6% year over year
Median days on market37▲ 17.5% year over year
Listings price-reduced10.5%seller-concession signal
Median listing pricen/a▲ 2.5% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in New York, NY

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Middlesex County871,290$592k$2,5665.2%inland flooding
Kings County2,631,580$957k$3,8084.8%inland flooding
Queens County2,323,052$744k$3,2565.3%inland flooding
New York County1,629,477$1217k$4,8334.8%inland flooding
Suffolk County1,530,146$727k$3,3495.5%inland flooding
Bronx County1,404,779$500k$2,8476.8%inland flooding
Nassau County1,389,591$860k$3,5645.0%inland flooding
Westchester County999,677$879k$3,1844.3%inland flooding
Bergen County962,316$791k$2,9164.4%inland flooding
Bear case

What can break the county thesis

  1. Property-level flood exposure, insurance terms and mitigation costs may differ materially from the county modeled-loss ratio.
  2. Unpublished operating costs, vacancy, financing and rent dispersion can materially weaken the gross-yield screen.
  3. MLS inventory is visible supply rather than closed-sale absorption, so pricing liquidity may differ from the listing evidence.
Underwriting questions

Before pricing a property

What revenue measure supports the supplied gross yield?

Median asking market rent supports it; HUD FMR is separately identified as a payment standard.

Can this record determine net yield or property-level cash flow?

No. Operating expenses, vacancy, financing and lease-level rent evidence are not published.

Does QCEW describe employment held by county residents?

No. It reports annual covered employment at workplaces located in the county.