What is the median home value in Monmouth County, NJ?

The median home value in Monmouth County, NJ is $566,500, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Monmouth County, NJ?

The cap rate proxy in Monmouth County, NJ is 4.9% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is below average, suggesting an appreciation-focused market.

How much new construction is happening in Monmouth County, NJ?

Monmouth County has 643,615 residents and issued 3,243 building permits over the trailing twelve months, according to the Census Building Permits Survey.

New York-Newark-Jersey City, NY-NJ-PA · New Jersey

Monmouth County

643,615 residents3,243 permits TTM$122,727 median HHI49 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$566,500

ACS 5-Year

Cap rate proxy

4.9%

FMR × 0.65 ÷ Home Value

Rent-to-income

17.3%

HUD FMR ÷ ACS HHI

Net migration

+1.93%

IRS SOI

Permits (TTM)

3,243

Census BPS

Climate risk

96.3

FEMA NRI (0–100)

ZIP code breakdown49 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
07721	$515,279	$2,570	6.0%	4.1%	31.1%
08555	$566,500county est.	$3,430	7.3%	3.8%	48.4%
07734	$402,533	$2,250	6.7%	7.2%	-8.4%
07703	$566,500county est.	$2,790	5.9%	3.8%	36.5%
07735	$495,150	$2,050	5.0%	6.3%	-29.2%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$550,089	$2,530	5.5%	7.8%	-46.6%
$562,727	$2,380	5.1%	6.2%	-24.4%
$595,115	$1,740	3.5%	5.3%	-56.0%
$566,500county est.	$1,860	3.9%	5.3%	-35.8%
$681,404	$2,660	4.7%	5.3%	-14.4%
$650,527	$3,010	5.6%	5.3%	3.9%
$622,184	$2,520	4.9%	5.1%	-6.9%
$789,637	$2,330	3.5%	5.0%	-43.2%
$1,084,426	$2,920	3.2%	4.9%	-54.1%
$749,893	$2,100	3.4%	4.7%	-44.0%
$834,425	$3,380	4.9%	4.6%	2.6%
$780,797	$2,360	3.6%	4.3%	-20.6%
$977,708	$3,200	3.9%	4.3%	-11.6%
$723,062	$2,350	3.9%	4.3%	-11.3%
$757,178	$2,470	3.9%	4.1%	-6.2%
$663,732	$2,130	3.9%	3.8%	-1.6%
$566,500county est.	$2,310	4.9%	3.8%	23.3%
$785,702	$2,430	3.7%	3.7%	-0.8%
$599,851	$1,660	3.3%	3.5%	-6.7%
$604,910	$2,300	4.6%	3.5%	23.0%
$630,354	$1,970	3.8%	3.3%	10.1%
$913,787	$1,730	2.3%	3.2%	-42.3%
$690,798	$2,060	3.6%	3.0%	14.0%
$694,138	$2,000	3.5%	3.0%	11.4%
$1,062,934	$2,290	2.6%	3.0%	-17.4%
$795,451	$2,070	3.1%	2.6%	14.4%
$854,095	$3,490	4.9%	2.4%	49.3%
$892,028	$2,760	3.7%	2.3%	35.8%
$906,658	$3,150	4.2%	2.3%	43.8%
$912,548	$2,770	3.6%	2.3%	36.1%
$921,134	$3,490	4.5%	2.3%	49.3%
$941,937	$2,730	3.5%	2.2%	-1530.0%
$981,544	$1,230	1.5%	2.1%	-44.0%
$1,048,653	$3,490	4.0%	2.0%	49.3%
$1,071,848	$2,970	3.3%	1.9%	40.4%
$1,126,700	$2,210	2.4%	1.8%	-276.1%
$1,221,662	$3,470	3.4%	1.7%	49.0%
$1,261,450	$3,490	3.3%	1.6%	49.3%
$1,362,739	$2,320	2.0%	1.5%	-119.8%
$1,443,092	$2,690	2.2%	1.4%	34.2%
$1,662,276	$2,260	1.6%	1.2%	21.6%
$1,718,235	$2,730	1.9%	1.2%	35.1%
$2,338,506	$2,720	1.4%	0.9%	34.9%
$2,393,272	$2,350	1.2%	0.9%	24.6%

Demographics

Owner-occupied

75.4%

Census ACS

Vacancy rate

7.2%

Census ACS

Bachelor's degree +

50.6%

Census ACS

Rent burdened

49.9%

Census ACS (>30% income)

Median age

43.2

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Monmouth County

See all 49 ZIPs ranked by yield and cap rate