The story of this market
The typical home in ZIP 08831 sells for about $489,700, or $265 per square foot.
Prices are up +5.2% from a year ago, so sellers still have some momentum. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $2,014 a month.
ZIP 08831 — Monroe Township
The 08831 housing market remains stable with steady demand for single-family homes, driven by its reputation as a desirable suburban community. While inventory remains tight, the market is seeing moderate price appreciation and consistent sales activity. Buyers are primarily families and downsizers looking for long-term stability in a well-regarded school district.
This ZIP is ideal for families and active-adult downsizers seeking a suburban environment with high-quality amenities and a quieter pace of life compared to nearby urban centers.
Median prices moved up 5.2% year over year.
Homes spend a median of 41 days on market with 3.7 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 101.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 3.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 08831, Middlesex County NJ
Monroe Township generally reports low crime rates compared to regional averages in Middlesex County, maintaining a suburban safety profile.
The area is served by the Monroe Township School District, which is generally well-regarded for its academic performance and facilities.
The region faces standard New Jersey flood and storm risks; property insurance premiums are influenced by regional coastal proximity and state-wide hazard exposure.
Economic momentum is driven by proximity to major New Jersey employment hubs and continued residential development, though the area remains largely suburban in character.
Property taxes are assessed at the municipal and county levels in New Jersey, which has one of the highest effective property tax rates in the nation; special assessments for school and municipal services apply.
Commuters primarily rely on personal vehicles for access to major highways like the New Jersey Turnpike, with limited direct rail transit options within the ZIP code itself.
The area features extensive parkland, including Thompson Park, and access to local golf courses and suburban shopping centers within a short drive.
The rental market is characterized by low vacancy pressure and steady demand, with a mix of single-family rentals and larger apartment complexes.
The local economy is supported by a mix of retail, healthcare, and professional services, with many residents commuting to larger employment centers in Middlesex County and the NYC metro area.
Transportation is heavily reliant on the highway network, specifically the New Jersey Turnpike, with limited public transit infrastructure within the township.
Development is focused on maintaining suburban character while managing growth through planned residential communities and commercial retail expansion.
The Middlesex County Board of Taxation oversees assessments, which are conducted at the municipal level to ensure equitable distribution of the tax burden.
Parcels are subject to municipal, county, and school district taxes, with additional assessments for local utility and fire districts where applicable.
Property insurance markets are stable but sensitive to regional storm risks, with premiums reflecting the state's overall hazard profile.
New Jersey continues to see net domestic out-migration, though specific suburban areas like Monroe maintain stable population levels due to local housing demand.
New Jersey is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically results in longer timelines for lenders.
New Jersey requires comprehensive seller disclosures regarding the condition of the property, including known defects and environmental hazards.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Six Flags Great Adventure4.413.8 mi
- Supercharged Entertainment4.813.1 mi
- Six Flags Hurricane Harbor413.1 mi
- iPlay America4.510.4 mi
- Dave & Buster's Woodbridge - Middlesex4.216.8 mi
- Six Flags Great Adventure4.413.8 mi
- Topgolf Edison4.313.1 mi
- Supercharged Entertainment4.813.1 mi
- Bell Works4.714.1 mi
- Holland Ridge Farms4.512.4 mi
- BAPS Swaminarayan Akshardham4.89.6 mi
- AMC New Brunswick 183.810.6 mi
- iPlay America4.510.4 mi
- Sri Guruvaayoorappan Temple4.89.4 mi
- Regal Commerce Center4.48.3 mi
- BAPS Swaminarayan Akshardham4.89.6 mi
- Grounds For Sculpture4.816.6 mi
- Princeton University Art Museum4.811.9 mi
- Shadowbrook at Shrewsbury4.919.3 mi
- Princeton Battlefield State Park4.612.8 mi
- Mercer County Park4.711.9 mi
- Cheesequake State Park4.511.2 mi
- Thompson Park4.70.1 mi
- Rutgers Gardens4.69.5 mi
- Turkey Swamp Park4.611.9 mi
- Mercer County Park Marina & Boathouse4.812.1 mi
- Perth Amboy Harborside Marina4.614.7 mi
- Raritan Yacht Club4.514.5 mi
- Red Bank Marina4.518.7 mi
- Lockwood Boat Works4.712.4 mi
- Forsgate Country Club4.41.5 mi
- Old Bridge Golf Club - The Rose4.310.1 mi
- Charleston Springs Golf Course4.58.8 mi
- Mercer Oaks Golf Course4.412.1 mi
- Tamarack Golf Course3.86.1 mi
- Freehold Raceway Mall4.59 mi
- Jackson Premium Outlets4.412.1 mi
- Ross Dress for Less4.28.5 mi
- Battleview Orchards4.58.2 mi
- Englishtown Flea Market4.54.2 mi
- Newark Liberty International Airport3.727.8 mi
- Trenton-Mercer Airport3.920.7 mi
- Chico Express3.930.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A large regional park offering trails, lakes, and recreational facilities.
A premier private golf and social club located within the township.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.