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Monmouth County Housing Market

New Jersey · 21 counties · Ranked #3057 in home value

Above National Avg

Housing at a Glance

Median Home Value

$566,500

vs national+$566,500 vs $281,900 national

Median Gross Rent

$1,771/mo

vs national+$1,771 vs $1,163 national

Effective Tax Rate

1.77%

vs national+1.77% vs 1.02% national

Median Household Income

$122,727

vs national+$122,727 vs $74,755 national

Affordability Ratio

4.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

31.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$10,001

Tax as % of Home Value

1.77%

Monthly Owner Cost

$2,364

Renter Income

$60,087

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Frequently Asked Questions

What is the median home value in Monmouth County?

The median home value in Monmouth County is $566,500. This is above the national median of $281,900.

How much is rent in Monmouth County?

The median gross rent in Monmouth County is $1,771 per month.

What is the property tax rate in Monmouth County?

The effective property tax rate in Monmouth County is 1.77%. The median annual property tax bill is $10,001.

Is Monmouth County affordable?

With a home-value-to-income ratio of 4.6x, Monmouth County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.