JeffCroweCRE

Housing market/New Jersey/ZIP 07977

ACS 2023 · FY2027 SAFMR

ZIP 07977 Peapack, New Jersey

Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area · New Jersey. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
733
Households
238
Median HH income
—
Renter share
38.2%
Median gross rent
—
Vacancy
9.5%
Pop. change
+15.6%
2BR SAFMR
$2,750
SAFMR / rent
—
2–49 unit stock
9
LIHTC proj / units
3 / 60
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 07977 · NJ — sent to you.

ZIP 07977 · NJ

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ACS rent vs 2BR SAFMR

ZIP 07977 — Peapack, NJ HUD Section 8 Payment Standards / SAFMR →
2BR SAFMR$2,750
90% floor$2,475
110% ceiling$3,025

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 07977

  • 1-unit detached25496.6%
  • 5–49 units93.4%
TypeUnitsShare
1-unit detached25496.6%
1-unit attached00.0%
2 units (duplex)00.0%
3–4 units00.0%
5–9 units00.0%
10–19 units93.4%
20–49 units00.0%
50+ units00.0%
Mobile00.0%

2–4 unit share 0.0% · 5–49 unit share 3.4% · combined 2–49 3.4%.

Units by bedrooms

Studio
0
1BR
0
2BR
87
3BR
46
4BR
121
5+
9

Rent burden

Rent ≥30% of income81.3%
Rent ≥50% of income71.4%
  • Renters paying ≥30% of income 81.3%; ≥50% 71.4%.

Population

733 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +15.6%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 60 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 496 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 07977 38.2% of occupied households are renters; vacancy is 9.5%; population increased +15.6% between the 2018 and 2023 ACS vintages; the housing stock includes 0 units in 2–4-unit structures and 9 units in 5–49-unit structures; 3 LIHTC projects totaling 60 units. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

New Jersey research

ZIP 07977 is a Census / HUD profile for Middlesex-Somerset-Hunterdon, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 07977 — Peapack, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
07001Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area50.3%$1,839$2,71007008Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area44.7%$2,012$2,88007059Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area11.3%$2,099$2,93007064Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area6.9%—$2,59007069Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area12.4%$2,571$3,40007077Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area29.1%$1,382$2,24007080Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area14.9%$1,928$2,76007095Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area47.1%$2,077$2,93007831Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area0.0%—$2,24007882Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area28.5%$1,411$2,24007921Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area20.8%$2,160$3,11007938Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area——$2,750

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Jersey research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 07977?

ZIP 07977 (Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area) has 733 residents, 238 households, a renter share of 38.2%, median household income of —, and ACS 2023 median gross rent of —. Vacancy is 9.5%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 07977?

ACS counts 0 units in 2-unit buildings, 0 in 3–4 unit buildings, 0 in 5–9, 9 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 9 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 07977?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,750. See the full schedule and 90–110% payment-standard band on the ZIP 07977 — Peapack, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 07977 is Census / HUD research for Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. Jeff Crowe CRE does not list New Jersey property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.