Neshanic Station: Housing & Real Estate
Homes in Neshanic Station carry a median value of $770,300 (estimated market value runs 15% higher at $888,473), with median rent $2,144 (1.1× higher than Somerset County median $2,033; 1.2× higher than New Jersey median $1,720). Homeownership rate: 72.1%. That's 1.4× higher than the Somerset County median ($552,100); 1.7× higher than the New Jersey median ($454,400). Market is warm. Vacancy rate 5.4%. New construction makes up 3.2% of stock. A municipal building code is in effect.
- 3.5× annual income — home value vs. household income (vs New Jersey 4.5×).
- 29.9 years to break even renting at the median (vs New Jersey 21y).
- 4-BR rent is 1.8× a studio — rent gradient by unit size.
- Median rent 13% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $770,300 — 1.7× the New Jersey median ($444,100). Median rent $2,144/month. homeownership rate 72.1% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 3.5× |
|---|---|
| Affordability · Home Affordability | moderate |
| Affordability · Rent Pct Income | 11.5% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 24.5% |
| Affordability · Poverty Rate | 0.2% |
| Affordability · Property Tax Pct Income | 4.5% |
| Fair Market Rent · Studio rent | $1,804 (vs New Jersey $1,676) |
| Fair Market Rent · One-bedroom rent | $1,978 (vs New Jersey $1,889) |
| Fair Market Rent · Two-bedroom rent | $2,486 (vs New Jersey $2,324) |
| Fair Market Rent · Three-bedroom rent | $2,981 (vs New Jersey $2,835) |
| Fair Market Rent · Four-bedroom rent | $3,296 (at New Jersey median) |
| Fair Market Rent · HUD FMR area | Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $888,473 |
| Median Home Value | $770,300 (vs New Jersey $444,100) |
| Median Rent | $2,144 (vs New Jersey $1,731) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 5.4% |
| Housing Market · New construction (% of stock) | 3.2% |
| Housing Market · Price Appreciation 2Yr | 21.1% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at New Jersey median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at New Jersey median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at New Jersey median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 45.3% (vs New Jersey 87.5%) |
| Broadband · Broadband-capable premises | 1,984 |
| Electricity · Electricity rate (¢/kWh) | 19.34¢/kWh |
| Electricity · Customers | 3735638 |
| Electricity · Revenue Millions | $5,744 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at New Jersey median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at New Jersey median) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · Refreshed 2026-04-12
Other
| Homeownership Rate | 72.1% (vs New Jersey 59.5%) |
|---|---|
| Median Year Built | 1988 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12