Monmouth County
New Jersey · Pop. 643,615
Ranked #164 of 200 counties
30Crisis
Median Home Price
🏠$550K
4.2% YoY
Median Rent
🔑$1,900
Median Income
💰$95K
Rent Burden
📊27.5%
% of income to rent
Housing Shortage
🏗️5,000
estimated unit deficit
Building Permits (2024)
📋2,500
Price-to-Income Ratio
⚖️5.8x
Homeownership Rate
🏡72.0%
How Monmouth County Compares
| Metric | Monmouth County | New Jersey | National |
|---|---|---|---|
| Home Price | $550K | $461K | $410K |
| Rent | $1,900 | $1,667 | $1,500 |
| Income | $95K | $100K | $75K |
| Rent Burden | 27.5% | 36.0% | 30.0% |
| Homeownership | 72.0% | 64.0% | 65.0% |
Key Takeaways
- • Home prices are 34% above the national average.
- • Rent is 27% above the national average.
- • The county has an estimated housing shortage of 5,000 units.
- • 2,500 building permits were issued in 2024.
- • Year-over-year home prices changed by 4.2%.