dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −2.6% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +6.0% YoY, is the number to watch.
The median listing price is down 2.6% YoY while the median home got up 3.3% bigger, so value per square foot is down 0.2%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $493K purchase rents for $1,850/mo: 0.38% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 1 BR (rent only, no matching sale price), 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent).
Sales here take about 41 days longer to go under contract than rentals.
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Townhouse (sold here, not rented).
U.S. Census ACS characteristics for ZIP 08620 itself, not its parent county.
Renters hold 19.4% of this ZIP's 4,187 occupied households, on a median household income of $105K.
| Measure | ZIP 08620 | Mercer County | Difference |
|---|---|---|---|
| Median Household Income | $105K | $101K | +$5K |
| Below Poverty Level | 9.3% | 10.3% | -1.0% |
| Median Age | 42.70 | 39.50 | +3.20 |
| Total Population | 11,621 | 385,864 | -- |
| Avg Household Size | 2.59 | 2.56 | +0.03 |
| Owner-Occupied | 80.6% | 62.2% | +18.5% |
| Worked From Home | 14.0% | 19.5% | -5.5% |
| Mean Commute | 29.60 | 27.10 | +2.50 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.7% to 385,864: residents under 18 are up 0.9% and those 65 and over are up 2.6%.
County median household income is $101K, 10.3% of residents are below the poverty level, 19.5% work from home.