08873 — Somerset County, New Jersey Market Snapshot
Housing market data for zip code 08873 in Somerset County, New Jersey. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 1 home 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
1 sales in 2026 (year to date)
Median Sale Price
$755,001
Days to Sell
31
Homes Sold
1
Inventory
12
Conforming Loan Available
Most homebuyers in 08873 can comfortably use conventional financing. The median home price of $755,001 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
08873's market is balanced with homes taking an average of 31 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Conforming Loan Feasibility
Most homebuyers in 08873 can comfortably use conventional financing. The median home price of $755,001 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 08873 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 08873
To purchase the median home at $755,001 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,935.
Monthly Payment
$5,935
Income Required
$254,339
Principal & Interest
$4,652/mo
Down Payment (5%)
$37,750
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 08873.
Estimated Monthly Payment
$4,823
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