Monmouth County, New Jersey Housing Market
In Monmouth County, New Jersey, the median home value is $606,100, with a median monthly rent of $1,827. This places Monmouth County at #83 nationally out of 3134 counties by median home value, and #2 within New Jersey.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,426
- Establishments: 21,584
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,481
- Multi-family: 657
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 272,142 (avg $157,021)
- Outflow: 269,527 (avg $157,845)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Monmouth County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 07760 | 473.1 | +19.82% | 2025 |
| 2 | 08555 | 332.7 | +5.67% | 2025 |
| 3 | 07762 | 366.6 | +4.64% | 2025 |
| 4 | 07737 | 341.7 | +17.62% | 2025 |
| 5 | 07764 | 349.5 | +11.62% | 2025 |
| 6 | 07732 | 500.0 | +7.01% | 2025 |
| 7 | 07704 | 397.6 | +10.65% | 2025 |
| 8 | 08510 | 263.6 | +6.27% | 2025 |
| 9 | 08736 | 352.9 | -2.60% | 2025 |
| 10 | 07755 | 417.2 | +15.61% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Monmouth County Compares
| Metric | Monmouth County | New Jersey Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $606,100 | $430,014 | $227,706 |
| Median Gross Rent | $1,827 | $1,634 | $968 |
| Owner Occupancy Rate | 75.6% | 68.3% | 73.3% |
| Price/Rent Ratio | 27.6 | 21.6 | 18.7 |
Market Analysis
The median home value in Monmouth County is 40.9% above the New Jersey state average and 166.2% above the U.S. national average. The median rent of $1,827/month is 11.8% above the state average.
With a price-to-rent ratio of 27.6, Monmouth County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Monmouth County has an owner-occupancy rate of 75.6%, compared to 68.3% in New Jersey and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Clear Creek County | Colorado | $608,500 | $1,467 |
| Newport County | Rhode Island | $609,700 | $1,713 |
| Grand County | Colorado | $601,500 | $1,493 |
| Clackamas County | Oregon | $611,000 | $1,758 |
| Howard County | Maryland | $597,900 | $2,099 |
Other Counties in New Jersey
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Bergen County | $623,000 | $1,914 | 65.3% |
| Morris County | $582,500 | $1,904 | 74.3% |
| Somerset County | $552,100 | $2,033 | 74.3% |
| Hudson County | $539,700 | $1,894 | 30.7% |
| Union County | $529,200 | $1,730 | 57.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).