ZIP Code 10987

ZIP code 10987, centered on Middletown, sits firmly in affluent territory. Median household income of $152,031 and per-capita income of $109,094 place it well above national norms, while a median home value of $688,500 reflects a high-cost housing market. That price tag carries a county-level effective property tax rate of 2.19%, a meaningful annual obligation on a home at that value. Add an 8.12% combined sales tax rate, and the overall tax load is substantial, though incomes here are high enough to absorb it. This is an upscale community where earnings and housing costs rise together, and taxes follow accordingly.