08853 — Somerset County, New Jersey Market Snapshot
Housing market data for zip code 08853 in Somerset County, New Jersey. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 6 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Somerset County county page for broader data.
Market Sales Data
6 sales in 2026 (year to date)
Median Sale Price
$826,200
Days to Sell
41
Homes Sold
6
Inventory
7
Conforming Loan Available
Most homebuyers in 08853 can comfortably use conventional financing. The median home price of $826,200 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
08853's market is balanced with homes taking an average of 41 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Conforming Loan Feasibility
Most homebuyers in 08853 can comfortably use conventional financing. The median home price of $826,200 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 08853 are set at the county level.
2026 Loan Limits — Somerset County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,209,750 | $1,249,125 |
| 2 Units | $1,548,975 | $1,599,375 |
| 3 Units | $1,872,225 | $1,933,200 |
| 4 Units | $2,326,875 | $2,402,625 |
Affordability Snapshot — Zip 08853
To purchase the median home at $826,200 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,480.
Monthly Payment
$6,480
Income Required
$277,718
Principal & Interest
$5,091/mo
Down Payment (5%)
$41,310
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 08853.
Estimated Monthly Payment
$5,263
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