US5.com
  1. Home
  2. States
  3. New Jersey
  4. ZIP 08038
  5. Housing & Real Estate
Hancocks Bridge CDP, NJ

ZIP 08038 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08038

Median Home Value
$175,900
Median Rent
$1,200
Affordability Snapshot
$48,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,130/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 08038 in Hancocks Bridge CDP, NJ, a household would need roughly $48,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,130. That sits below the local median household income ($90,417), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
61.6%-6% vs US avg
x
Vacancy Rate
1.2%-88% vs US avg
x
Broadband Access
98.2%+13% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
6.0%-53% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
4.8%-90% vs US avg
x
Mortgage-Free
44.5%+17% vs US avg
x
$175,900
Home Value
$1,200
Rent
1938
Year Built
2000
Moved In

Residents have lived here since ~2000 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached98.8%
  • 1-unit attached1.2%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$175,900
Median rent$1,200
Owner-occupied61.6%
Vacant1.2%
Price-to-income1.9x
Est. income to buy$48,000