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Housing market/New Jersey/ZIP 08887

ACS 2023 · FY2027 SAFMR

ZIP 08887 Three Bridges, 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
1,377
Households
566
Median HH income
$104,091
Renter share
43.1%
Median gross rent
$1,817
Vacancy
6.6%
Pop. change
+37.1%
2BR SAFMR
$2,510
SAFMR / rent
1.381×
2–49 unit stock
325
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 08887 · NJ — sent to you.

ZIP 08887 · NJ

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ACS rent vs 2BR SAFMR

ZIP 08887 — Three Bridges, NJ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,817
2BR SAFMR$2,510
90% floor$2,259
110% ceiling$2,761

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

Housing stock

ACS 2023 units-in-structure · ZCTA 08887

  • 1-unit detached23939.4%
  • 1-unit attached325.3%
  • 2–4 units14423.8%
  • 5–49 units18129.9%
  • 50+ units101.7%
TypeUnitsShare
1-unit detached23939.4%
1-unit attached325.3%
2 units (duplex)6711.1%
3–4 units7712.7%
5–9 units17428.7%
10–19 units71.2%
20–49 units00.0%
50+ units101.7%
Mobile00.0%

2–4 unit share 23.8% · 5–49 unit share 29.9% · combined 2–49 53.6%.

Units by bedrooms

Studio
0
1BR
16
2BR
217
3BR
285
4BR
49
5+
39

Rent burden

Rent ≥30% of income50.4%
Rent ≥50% of income9.4%
  • ACS median gross rent $1,817 (all bedrooms, occupied rentals).
  • Median contract rent $1,582.
  • Renters paying ≥30% of income 50.4%; ≥50% 9.4%.
  • FY2027 2BR SAFMR $2,510 (1.381× ACS median gross rent).

Population

1,377 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +37.1%.

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

Assisted inventory

  • LIHTC: not published for this ZIP.
  • 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 410 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 08887 43.1% of occupied households are renters; vacancy is 6.6%; ACS median gross rent is $1,817; population increased +37.1% between the 2018 and 2023 ACS vintages; the housing stock includes 144 units in 2–4-unit structures and 181 units in 5–49-unit structures; FY2027 2BR SAFMR is $2,510 versus ACS median gross rent of $1,817. 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 08887 is a Census / HUD profile for Middlesex-Somerset-Hunterdon, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 08887 — Three Bridges, 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 08887?

ZIP 08887 (Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area) has 1,377 residents, 566 households, a renter share of 43.1%, median household income of $104,091, and ACS 2023 median gross rent of $1,817. Vacancy is 6.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 08887?

ACS counts 67 units in 2-unit buildings, 77 in 3–4 unit buildings, 174 in 5–9, 7 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 325 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 08887?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,510. See the full schedule and 90–110% payment-standard band on the ZIP 08887 — Three Bridges, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 08887 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.