Millstone Township, New Jersey.
Typical home $961,396 (+8.0% in a year). New York-Newark-Jersey City, NY-NJ-PA metro.
to buy the typical home at today's mortgage rate — +$3,014 (+148%) since Jan 2020.
- 1 year
- Up $71,031 +8%
- $890,365$961,396 since Sep 2025
- 5 years
- Up $270,120 +39%
- $691,276$961,396 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Millstone Township$5,046
- New Jersey$3,019
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Millstone Township, NJ rose 8.0% over the past year — faster than the nation's +1.2%.
Living in Millstone Township, Monmouth County, New Jersey
Millstone Township is a township of 10,376 people in Monmouth County. 98% of its homes are lived in by their owners and 2% are rented. Unemployment in Monmouth County was 4.2% in August 2026, and the county had 1.8% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Millstone Township is a township in Monmouth County where nearly all homes are lived in by their owners. The population is older than in many towns, and the typical home is valued well above what most American homes would fetch. Winters are cold and snowy, summers are warm, and rain and melted snow fall in good measure through the year.
Work. Residents work mainly in schools, hospitals and social care, in professional and business services, in shops, and in the building trades. Among the largest workplaces in the township are the Millstone Township School District, Valcourt Exterior Building Services of New Jersey and a Wawa convenience store. Commutes tend to be long, and some residents work from home.
Things to do. Six Flags Great Adventure, listed as a zoo, is a short drive away, and so are some of its best-known rides, including Kingda Ka and El Toro. A longer drive takes you to the Princeton Art Museum, a museum, or to the Raritan River.
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- 3,352households
- 54%of adults have a degree
- 4%below the poverty line
- 36 mintypical commute
- 17%work from home
What residents work in
Employed residents by industry, from the Census survey. Monmouth County had 279,012 jobs in 2025, 1.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 40° and lows near 21°; warmest in July, with highs near 87° and lows near 63°. About 24 inches of snow and 47 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Hightstown West weather station, 8 miles away (NOAA).
Largest workplaces in Millstone Township
- Millstone Township School DistrictSchool district241FTE
- Valcourt Exterior Building Services of New JerseyWaterproofing contractors155
- Wawa SiteConvenience store61
- EnglishtownReady-mix concrete manufacturing and distributing36
- Riverview Companies NortheastLandscaping services33
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 285 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- LightningVery high
- Winter weatherVery high
- Heat wavesRelatively high
- Inland floodingRelatively high
- Ice stormsRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Monmouth County, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Monmouth County and the New York-Newark-Jersey City, NY-NJ-PA metro.
Millstone Township home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Millstone Township$961,396
- New Jersey$575,123
- United States$366,157
Sellers are cutting prices on about 1 in 7 Millstone Township listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Millstone Township15.23%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Millstone Township31
New listings per month
Sellers arriving at the market.
- Millstone Township8
Zip codes with a Millstone Township address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Millstone Township — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Millstone Township
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 08510 | Millstone Township | 5,386 | — | $967,286 |
| 08535 | Millstone Township | 4,999 | — | $959,800 |