Housing data for Peapack and Gladstone Borough, NJ
Peapack and Gladstone Borough, NJ has an estimated 2,571 residents and 996 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a borough in Somerset County.
20.4% of households rent.
The median gross rent is $1,820 a month.
Figures last updated on .
- Residents
- 2,571 (±31)
- Housing units
- 996 (±116)
- Households that rent
- 20.4%
- Median gross rent
- $1,820
- Residents since 2015–2019
- −0.2%
What stands out in Peapack and Gladstone Borough
Homes heated by fuel oil: 42.6% (±10.0 points) in Peapack and Gladstone Borough, higher than in Somerset County (4.3%).
Homes in buildings of 5 or more units: 0.0% (±7.6 points) in Peapack and Gladstone Borough, lower than in Somerset County (17.8%).
Median home value: $868,800 (±$51,688) in Peapack and Gladstone Borough, higher than in Somerset County ($552,100).
Median household income: $202,578 (±$29,051) in Peapack and Gladstone Borough, higher than in Somerset County ($140,374).
- Heating fuel in Peapack and Gladstone Borough
- Types of homes in Peapack and Gladstone Borough
- Home values in Peapack and Gladstone Borough
- Income and affordability in Peapack and Gladstone Borough
Housing in Peapack and Gladstone Borough at a glance
- Median rent: $1,820 median gross rent a month
- Rent burden: 85.7% of renters pay 30% or more of income
- Renters and owners: 20.4% of households rent (Small sample: wide margin of error)
- Income and affordability: $202,578 median household income
- Home values: $868,800 median home value
- Homeowner costs: $3,944 median monthly cost with a mortgage
- Property taxes: $10,000 or more median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 80.7% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 64.9% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 51.4% heat with utility gas
- Commute and cars: 26.9 minutes average trip to work
- Crime reported to police: 76 violent crimes per 100,000 residents
- Growth: −0.2% residents since 2015–2019
- How long people stay: 15.0% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 0.3% of homes have more than 1 person per room (Small sample: wide margin of error)
Peapack and Gladstone Borough against Somerset County, its state and the nation
| Peapack and Gladstone Borough | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Residents | 2,571 (±31) | 349,846 (exact) | 9,343,809 (exact) | 334,922,499 |
| Housing units | 996 (±116) | 133,639 (±156) | 3,791,354 (±469) | 143,775,355 |
| Households that rent | 20.4% (±11.9 points) | 25.7% (±0.9 points) | 36.2% (±0.2 points) | 34.8% |
| Median gross rent | $1,820 (±$157) | $2,033 (±$52) | $1,720 (±$7) | $1,413 |
| Median household income | $202,578 (±$29,051) | $140,374 (±$3,294) | $103,556 (±$513) | $80,734 |
| Median home value | $868,800 (±$51,688) | $552,100 (±$7,374) | $454,400 (±$1,150) | $332,700 |
| Median real estate taxes (a year) | $10,000 or more | $10,000 or more | $9,590 (±$25) | $3,119 |
| Built before 1980 | 64.9% (±13.7 points) | 46.3% (±1.3 points) | 62.8% (±0.3 points) | 49.7% |
| Average commute | 26.9 minutes (±4.2) | 31.4 minutes (±0.7) | 30.5 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 94.2% (±6.2 points) | 95.8% (±0.5 points) | 92.8% (±0.1 points) | 91.0% |
| Median age of residents | 44.4 years (±5.7) | 41.8 years (±0.2) | 40.1 years (±0.1) | 38.9 years |
Peapack and Gladstone Borough covers 5.7 square miles of land, about 448 residents per square mile (Census Bureau Gazetteer).
How Peapack and Gladstone Borough has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 2,575 (±18) | 2,571 (±31) | −0.2% | Not a measurable change |
| Housing units | 834 (±89) | 996 (±116) | +19.4% | Measurable increase |
| Median gross rent | $1,526 (±$314) | $1,820 (±$157) | +19.3% | No measurable change after inflation |
| Median home value | $680,900 (±$43,381) | $868,800 (±$51,688) | +27.6% | No measurable change after inflation |
| Median household income | $124,010 (±$32,264) | $202,578 (±$29,051) | +63.4% | Up after inflation |
| Median owner cost with a mortgage | $3,564 (±$459) | $3,944 (±$299) | +10.7% | No measurable change after inflation |
| Households that rent | 20.1% (±9.9 points) | 20.4% (±11.9 points) | +0.3 percentage points | Not a measurable change |
| Rental vacancy rate | 11.0% (±18.1 points) | 0.0% (±20.5 points) | −11.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Peapack and Gladstone Borough
In 2025, the Peapack and Gladstone Police Department reported 76 violent and 458 property crimes per 100,000 residents to the FBI.
Across Somerset County, the departments that report recorded 60 violent and 566 property crimes per 100,000 residents that year.
ZIP codes in Peapack and Gladstone Borough
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 07977 | 100% | 917 | — | $870,600 | $150,875 |
| 07934 | 55% | 1,293 | $2,233 | $845,500 | $245,429 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Peapack and Gladstone Borough
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Far Hills Borough | 2.4 mi | $1,554 | $792,100 | 12.9% |
| Bedminster | 2.9 mi | $2,795 | $742,200 | 27.7% |
| Bernardsville Borough | 3.4 mi | $2,297 | $793,800 | 5.4% |
| Bedminster Township | 3.4 mi | $2,294 | $448,500 | 21.1% |
| Chester Township | 4.5 mi | $2,787 | $790,900 | 3.6% |
| Mendham Borough | 4.6 mi | $3,500 or more | $819,800 | 14.1% |
| The Hills | 4.6 mi | $2,376 | $577,000 | 17.0% |
| Basking Ridge | 5.1 mi | $546 | $851,200 | 16.1% |
Places in New Jersey most like Peapack and Gladstone Borough
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Boonton Township | $1,870 | $720,800 | $192,188 | 4.9% |
| Moorestown Township | $1,718 | $697,200 | $159,700 | 18.7% |
| Princeton Junction | $1,661 | $709,800 | $224,732 | 18.0% |
| Pennington Borough | $1,886 | $672,900 | $192,586 | 18.3% |
| Point Pleasant Beach Borough | $1,820 | $850,300 | $141,716 | 24.2% |
| Millington | $2,286 | $796,600 | $194,306 | 10.5% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across New Jersey.
HUD Fair Market Rent for Peapack and Gladstone Borough, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,953 | $2,103 | $2,623 | $3,125 | $3,508 |
HUD income limits for Peapack and Gladstone Borough, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $32,550 | $54,200 | $80,200 |
| 2 people | $37,200 | $61,950 | $91,700 |
| 3 people | $41,850 | $69,700 | $103,150 |
| 4 people | $46,450 | $77,400 | $114,600 |
| 5 people | $50,200 | $83,600 | $123,800 |
| 6 people | $53,900 | $89,800 | $132,950 |
| 7 people | $57,600 | $96,000 | $142,150 |
| 8 people | $61,350 | $102,200 | $151,300 |
These are the limits HUD sets for its housing programs in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $154,800.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Peapack and Gladstone Borough
What is the average rent in Peapack and Gladstone Borough, NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Peapack and Gladstone Borough is $1,820 (±$157) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
Are renters in Peapack and Gladstone Borough rent-burdened?
85.7% of renting households in Peapack and Gladstone Borough pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What is the median household income in Peapack and Gladstone Borough?
The median household income in Peapack and Gladstone Borough is $202,578 (±$29,051) a year (2020–2024 American Community Survey).
What is the average home value in Peapack and Gladstone Borough, NJ?
The Census Bureau publishes the median: $868,800 (±$51,688) for owner-occupied homes in Peapack and Gladstone Borough (2020–2024 American Community Survey).
What is the average mortgage payment in Peapack and Gladstone Borough?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Peapack and Gladstone Borough, NJ is $3,944 (±$299) a month, including taxes, insurance and utilities.
How much are property taxes in Peapack and Gladstone Borough?
The median real estate tax paid by homeowners in Peapack and Gladstone Borough, NJ is $10,000 or more a year (2020–2024 American Community Survey).
Is Peapack and Gladstone Borough growing?
In Peapack and Gladstone Borough, the number of residents went from 2,575 in 2015–2019 to 2,571 in 2020–2024 (−0.2%), not a measurable change.
What ZIP codes are in Peapack and Gladstone Borough?
The ZIP codes that cover Peapack and Gladstone Borough are 07977, 07934.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Peapack and Gladstone borough, Somerset County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Peapack and Gladstone borough, Somerset County, New Jersey
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Peapack and Gladstone borough, Somerset County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Peapack and Gladstone borough, Somerset County, New Jersey
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Peapack and Gladstone borough, Somerset County, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Peapack and Gladstone borough, Somerset County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Peapack and Gladstone borough, Somerset County, New Jersey
- HUD Fair Market Rents, fiscal year 2027: Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Peapack and Gladstone Police Department (ORI NJ0181500)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Peapack and Gladstone borough, Somerset County, New Jersey (county subdivision:57300, in state:34 county:035).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .