Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$786,951+7.2% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 13% have cut their price
Income needed to buy, per year$170,594About 1.4× the local median income ($121,051): a stretch for a typical household
Days on market45 daysAbout the same pace as a year ago
Next 12 months+2.8%Zillow expects prices to rise slightly
The typical home in Monmouth County, NJ is worth $786,951, up 7.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $640,585, so the area is 22.8% overvalued. It is a balanced market, leaning toward sellers: homes take about 45 days to sell, listings are up 18% from a year ago, 13% of listings have had a price cut. Zillow expects prices to rise about 2.8% over the next year. A household needs about $170,594 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $121,051. Typical rent is $2,827 a month, or $2,762 for a house. In the latest IRS figures, 539 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$786,951
Change in 1 year
+7.2%
Overvalued %
+22.8%
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Fair home value
$640,585
Change in 5 years
+39.9%
Zillow forecast, next 12 months
+2.8%
Home value to income
6.5×
Monthly mortgage payment (20% down)
$4,265
Income needed to afford it
$170,594
Property tax rate
1.65%
Rent and investing
Typical rent
$2,827
Typical rent for houses
$2,762
Price-to-rent ratio
23.2×
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HUD Fair Market Rent, 2 bedrooms
$2,283
Gross rental yield
4.31%
Cap rate (estimate)
2.80%
Market activity
Listings vs a year ago
+18.5%
Days on market
45
Listings with a price cut
12.6%
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Homes for sale
1,689
Pending sales per 100 listings
67
Asking price per sq ft
$401
People and jobs
Median household income
$121,051
Population change (1 year)
+0.4%
Unemployment rate
5.4%
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Population
651,035
Income adjusted for cost of living
$107,505
Net moves in (IRS)
−539
Cost of living (US = 100)
112.6
Schools, risk and environment
School rating (1 to 10)
6.5
FEMA hazard risk score (0 to 100)
96.3
Unhealthy air days a year
8
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Flood risk score
95.8
Wildfire risk score
88.8
Walkability (1 to 20)
10.8
Road, rail and air noise
53 dB
Questions people ask
Is Monmouth County, NJ overvalued?
Home prices in Monmouth County, NJ are well above what local incomes have historically supported: fair value is about $640,585, so the area is 22.8% overvalued.
Is Monmouth County, NJ a buyer's or seller's market?
Monmouth County, NJ is a balanced market, leaning toward sellers: homes take about 45 days to sell, listings are up 18% from a year ago, 13% of listings have had a price cut.
Are home prices going down in Monmouth County, NJ?
Home values in Monmouth County, NJ are up 7.2% over the last year. Zillow's forecast for the next 12 months is +2.8%.
How much do you need to earn to buy a home in Monmouth County, NJ?
A household needs about $170,594 a year to afford the typical home in Monmouth County, NJ at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $121,051.