Avenel, NJ 07001 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Avenel, NJ—07001

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$533,000

2.6% YoY Growth

Household Income

$95,900

33.3% YoY Growth

Days on Market

56.0% Longer YoY

Home Price Forecast

0.4%

Median Rent

$2,500

1.5% YoY Growth

1-Bed Rent

$2,390

14.9% YoY Growth

2-Bed Rent

$2,500

1.2% YoY Growth

3-Bed Rent

$2,850

5.2% YoY Growth

Home Price Trends — Avenel, NJ

As of May '26, the median home price in Avenel, NJ is $533,000, with a year-over-year change of 2.6%. This indicates that home prices in Avenel, NJ are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$533,000	2.6%
Single Family	$539,000	1.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Avenel, NJ

As of July '25, Rentcast reports the average rent in Avenel, NJ is $2,560, with a year-over-year rent change of -1.5%. Per bedroom, the median rent as of July '25 in Avenel, NJ is 1-bedrooms: $2,390, 2-bedrooms: $2,470, 3-bedrooms: $2,840, 4-bedrooms: $2,950. The most common rental property sizes in Avenel, NJ are 1-bedroom and 2-bedroom, accounting for 46.2% and 34.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,560
Studio Rent	N/A	N/A
1 Bed Rent	$2,390	$2,390
2 Bed Rent	$2,500	$2,470
3 Bed Rent	$2,850	$2,840
4 Bed Rent	$2,950	$2,950

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% of Rental Stock

Studio

5.9%

1 Bedroom

46.2%

2 Bedrooms

34.6%

3 Bedrooms

9.3%

4 Bedrooms

4.0%

Property Listings — Avenel, NJ

As of May '26, Realtor.com reports that the median days on market for a home in Avenel, NJ is 44. This is a increase of 56.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$520,000	4.0%
Listing Count	35	29.0%
Listings as % of Homes	0.4%	29.0%
Days on Market	44	56.0%

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Demographics — Avenel, NJ

As of the latest ACS Survey released in 2023, Avenel, NJ has a population of 17,100, which has decreased by -6.4% over the past 5 years. Avenel, NJ is a moderately popular place for families, as children make up 18.0% of the population. The area has a moderately educated workforce, with 29.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	17,100	-6.4%
% Under 18	18.0%	-7.2%
% Seniors	12.5%	22.5%
% WFH	8.9%	304.5%
% w/ College Degree	29.4%	13.1%

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As of the latest ACS Survey released in 2023, Avenel, NJ is a predominantly white area, with 30.9% of the population identifying as white. The white population has shrunk by 9.6% in the last 5 years. The second most common race or ethnicity in Avenel, NJ is black, making up 27.8% of the population. Foreign-born residents account for 29.4% of the population in Avenel, NJ, and this percentage has decreased by 8.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	30.9%	-9.6%
% Black	27.8%	16.8%
% Hispanic	21.2%	4.4%
% Asian	19.9%	-1.5%
% Foreign Born	29.4%	-8.1%

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Mortgage and Risk — Avenel, NJ

According to HUD data as of 2023, there were 166 mortgage originations in Avenel, NJ, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 104.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Avenel, NJ. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	166
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Avenel, NJ

As of 2024, the percent of homes in Avenel, NJ under the Section 8 program is 6.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Avenel, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	193
Total Units Section 8	193
% Rentals under Section 8	6.1%
% Occupied Section 8	99.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$650	$2,390	$1,740
2 Bedroom	-$310	$2,500	$2,190
3 Bedroom	-$210	$2,850	$2,640
4 Bedroom	-$50	$2,950	$2,900

Avenel, NJ—07001

Key Metrics at a Glance

Home Price Trends — Avenel, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Avenel, NJ

% of Rental Stock

Property Listings — Avenel, NJ

Demographics — Avenel, NJ

Race and Ethnicity

Mortgage and Risk — Avenel, NJ

Mortgages

Rentals and Section 8 — Avenel, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Avenel, NJ

Home Price to Income Ratio

Avenel, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Rahway, NJ

Port Reading, NJ

Sewaren, NJ

Woodbridge, NJ

Carteret, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.5
Median Home Price	$533,000
Median Household Income	$95,900

Avenel, NJ—07001

Key Metrics at a Glance

Home Price Trends — Avenel, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Avenel, NJ

% of Rental Stock

Property Listings — Avenel, NJ

Demographics — Avenel, NJ

Race and Ethnicity

Mortgage and Risk — Avenel, NJ

Mortgages

Rentals and Section 8 — Avenel, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Avenel, NJ

Home Price to Income Ratio

Avenel, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Rahway, NJ

Port Reading, NJ

Sewaren, NJ

Woodbridge, NJ

Carteret, NJ

Frequently Asked Questions

What is the average home price in Avenel, NJ 07001?

How have home prices in Avenel, NJ 07001 changed over the past year?

What is the home price projection for Avenel, NJ 07001?

What are the demographics of Avenel, NJ 07001?

How long does it take homes to sell in Avenel, NJ 07001?

What is the average rent price in Avenel, NJ 07001?