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Rental Insights for ZIP Code 08830 (Iselin, NJ)

Housing Rentals in ZIP Code 08830 (Iselin, NJ)

08830 ZIP Code in New Jersey

Learn About Housing Rentals in ZIP Code 08830

ZIP Code 08830 is primarily located in Iselin, NJ in Middlesex County. This region of New Jersey has an estimated median housing rent of $1,769 per month. About 28.6% of all housing units in this Middlesex County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of 1.2%.

The median rent in ZIP Code 08830 of $1,769 per month is 33% higher than the aggregate New Jersey median monthly rent of $1,334, and is 67% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 59.2% of renters in ZIP Code 08830 pay between $1,500 and $1,999 per month for housing. That is 169% higher than in New Jersey overall, in which 22.0% of total state residents pay between $1,500 and $1,999 per month for housing. Only 0.3% of renters in this Iselin, NJ region pay between $500 and $999 per month for rent.

ZIP Code 08830 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 08830

See the chart below for a comparison of monthly rental costs in ZIP Code 08830, New Jersey, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 08830 along with those in the state of New Jersey and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 08830

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 08830 New Jersey U.S.
Less than $500 1.4% 8.0% 9.4%
$500 to $999 0.3% 16.0% 36.2%
$1,000 to $1,499 16.4% 38.7% 30.0%
$1,500 to $1,999 59.2% 22.0% 14.0%
$2,000 to $2,499 16.9% 8.5% 5.6%
$2,500 to $2,999 5.8% 3.6% 2.4%
$3,000 or more 0.0% 3.1% 2.4%

Rent Cost vs. Income in ZIP Code 08830

Renters in ZIP Code 08830 use an estimated 27.5% of their income to cover their monthly rent payments. That is about 9% lower than in New Jersey overall. The estimate for New Jersey overall is 30.35% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 08830 renters use about 8% less of their income to cover rent expense. Household income figures for ZIP Code 08830 come in higher than in New Jersey as a whole. The median annual household income in ZIP Code 08830 of $95,430 sits approximately 16% higher than the overall New Jersey median income of $82,545 and approximately 52% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 08830

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 08830, New Jersey, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 08830 along with the same calculations in the state of New Jersey and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 08830

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 08830 New Jersey U.S.
Less than 15.0 percent 17.0% 12.1% 13.1%
15.0 to 19.9 percent 24.3% 12.4% 12.9%
20.0 to 24.9 percent 9.6% 12.6% 12.9%
25.0 to 29.9 percent 8.7% 11.6% 11.6%
30.0 to 34.9 percent 1.3% 9.0% 9.1%
35.0 percent or more 39.0% 42.4% 40.5%

Household Income in ZIP Code 08830

See the table below for the regional comparison of annual household income in ZIP Code 08830.

Income ZIP 08830 New Jersey U.S.
Less than $10,000 3.3% 4.9% 6.0%
$10,000 to $14,999 3.4% 3.2% 4.3%
$15,000 to $24,999 5.0% 7.1% 8.9%
$25,000 to $34,999 6.0% 6.9% 8.9%
$35,000 to $49,999 10.2% 9.4% 12.3%
$50,000 to $74,999 8.9% 14.6% 17.2%
$75,000 to $99,999 14.4% 12.1% 12.7%
$100,000 to $149,999 21.0% 17.7% 15.1%
$150,000 to $199,999 18.5% 10.1% 6.8%
$200,000 or more 9.3% 14.0% 7.7%

Household Income in ZIP Code 08830

See the chart below for a comparison of annual household income figures in ZIP Code 08830, New Jersey, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 08830 alongside the same figures for the state of New Jersey and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 08830

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 08830.

ZIP 08830 New Jersey U.S.
Median Housing Rent $1,769 $1,334 $1,062
Renter-Occupied Housing Units 28.6% 36.1% 36.0%
Rental Vacancy Rate 1.2% 4.8% 6.0%
Average Size of Renter-Occupied Unit 2.62 2.50 2.49
Average # of Bedrooms Per Unit 2.74 2.75 2.75
Percent of Income Spent on Rent 27.5% 30.35% 29.83%
Per Capita Income $40,433 $42,745 $34,103
Median Household Income $108,796 $114,691 $88,607
Living Below the Poverty Line 5.9% 7.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 08830

In ZIP Code 08830 (Iselin, NJ), and estimated 28.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 1.2%.

The per capita income in 08830 is estimated at $40,433, which goes along with an estimated median household income of $108,796. About 5.9% of residents in this Middlesex County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.62 occupants, while the units have an aggregate average size of 2.74 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.5% of their income on housing rental costs.

Rental FAQs for ZIP Code 08830

1

What is the median monthly rent in ZIP Code 08830?

Median rent for housing in ZIP Code 08830 in Middlesex County in New Jersey is approximately $1,769 per month.
2

Is it expensive to rent in ZIP Code 08830?

Rent in ZIP Code 08830 is higher than average in the state of New Jersey overall. The median monthly rent of $1,769 in ZIP Code 08830 is approximately 33% higher than the New Jersey median of $1,334. Additionally, median rent in this Iselin, NJ region ($1,769) is about 67% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 08830?

High-priced rentals are not common in the Iselin, NJ ZIP Code of 08830, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of New Jersey overall, approximately 3.1% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 08830?

Affordable rentals are less common in ZIP Code 08830 than in New Jersey overall. The percentage of housing rentals in ZIP Code 08830 costing $999 or less per month (1.7%) is approximately 93% lower than the New Jersey rate of 24% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 96% higher than the previously mentioned 08830 rate of 1.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 08830?

The most common range for rental cost in ZIP Code 08830 is between $1,500 and $1,999 per month. About 59.2% of renters in 08830 pay in this range for monthly rent. In comparison, approximately 22.0% of renters in the state of New Jersey fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 08830 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 08830 is lower than the rental vacancy rate in the state of New Jersey overall. Rental vacancy of 1.2% in ZIP Code 08830 is about 75% lower than the New Jersey rate of 4.8%. Looking more broadly, rental vacancy in this Iselin, NJ region (1.2%) is an estimated 80% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 08830? How does it compare to other New Jersey regions?

Median household income in ZIP Code 08830 is higher than in the state of New Jersey overall. Annual household income of $95,430 in ZIP Code 08830 is about 16% higher than the New Jersey median of $82,545. Additionally, median household income in this Iselin, NJ region ($95,430) is approximately 52% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 08830 spend on housing costs?

Renters in ZIP Code 08830 spend a lower amount of their income on rent costs than do renters in New Jersey overall. Renters in ZIP Code 08830 spend an estimated 27.5% of their income on rent payments, which is about 9% lower than the overall New Jersey estimated rate of 30.35%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 8% higher than the ZIP Code 08830 estimated rate of 27.5%.
9

Do renters in ZIP Code 08830 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 08830 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 08830 spending 30 percent or more of their income on rent costs (40.3%) is approximately 22% lower than the New Jersey rate of 51.4% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 19% higher than the aforementioned 08830 rate of 40.3%.
10

What is the average household size of renter-occupied units in ZIP Code 08830?

The average household size of renter-occupied units in ZIP Code 08830 is higher than in the state of New Jersey overall. Annual household size of 2.62 in ZIP Code 08830 is about 5% higher than the New Jersey median of 2.50. Additionally, median household size in this Iselin, NJ region (2.62) is approximately 5% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other New Jersey ZIP Codes