ZIP Code 07760 Housing Market

📝 Local Market Notes

ZIP code 07760 in Monmouth County exhibits a pronounced upward price trajectory over the last five years. The FHFA House Price Index (HPI) has surged from 295.4 in 2021 to 473.1 in 2025, representing a cumulative increase of approximately 60%. This steep appreciation curve indicates a market that has been rapidly compounding in value, outpacing the gradual growth seen in prior decades. The recent acceleration suggests strong demand relative to supply, driving home values higher at an increasing rate each year. The sub-market’s performance demonstrates significant divergence from broader regional trends. With a year-over-year increase of 19.82%, ZIP 07760 is growing nearly three times faster than the Monmouth County average of 6.20% and more than four times the New Jersey state average of 4.53%. This sharp deviation signals a localized investment hotspot or a specific supply constraint that is driving premiums well above the county norm. While nearby ZIPs like 08555 and 07762 show more moderate growth rates between 4.6% and 5.7%, 07760 stands out as a high-growth outlier within the same geographic area. Characteristically, this ZIP appears to function as a premium sub-market within a high-income county. The parent county’s median household income of $124,845 and owner-occupancy rate of 75.6% suggest a stable, affluent demographic base. However, the HPI level of 473.1 implies that home values in 07760 are significantly elevated compared to the county median of $606,100, positioning it as a luxury or high-end segment. For prospective buyers, the practical takeaway is that entry into this specific ZIP requires navigating a market with aggressive price appreciation. The current 7.40% mortgage rate further impacts affordability, but the primary challenge remains the rapid escalation of home prices, which has decoupled 07760 from the slower-moving surrounding communities.

Based on FHFA House Price Index data.