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Millstone, NJ Home Values and Rents
The median home value in Millstone is $494,500. Median rent is $1,375 a month.
- Median home value
- $494,500
- ACS 2020-2024
- Median rent
- $1,375/mo
- ACS 2020-2024
- Price change, 1 year
- +6.3%
- County index, 2025
- Homeownership
- 89.9%
- NJ: 63.8%
Home sale prices in the New York-Newark-Jersey City, NY-NJ area
Zillow median sale price, Sep 2026
$691,507+4.8% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Somerset County home price trend
FHFA annual House Price Index for Somerset County, 2000 = 100, compared with New Jersey
Show as a table
| Period | Somerset County |
|---|---|
| 2025 | 259 |
| 2024 | 244 |
| 2023 | 222 |
| 2022 | 203 |
| 2021 | 179 |
| 2020 | 166 |
| 2019 | 163 |
| 2018 | 160 |
| 2017 | 155 |
| 2016 | 154 |
| 2015 | 150 |
| 2014 | 147 |
| 2013 | 143 |
| 2012 | 143 |
| 2011 | 146 |
Beta
Over five years, Somerset County prices changed +56.4%, compared with +50.5% for New Jersey.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,953 | +8.3% |
| 1 bedroom | $2,103 | +6.3% |
| 2 bedrooms | $2,623 | +5.5% |
| 3 bedrooms | $3,125 | +4.8% |
| 4 bedrooms | $3,508 | +6.4% |
Frequently asked questions
- What is the median home value in Millstone, NJ?
- The median home value in Millstone is $494,500, based on the American Community Survey 2020-2024 5-year estimates. The New Jersey median is $454,400.
- How much is rent in Millstone?
- The median rent in Millstone is $1,375 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $2,623.
- Are home prices going up in Millstone?
- Home prices in Somerset County changed +6.3% over one year and +56.4% over five years, as of 2025.