Avenel, NJ—07001
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Avenel, NJ
As of Oct '25, the median home price in Avenel, NJ is $519,000, with a year-over-year change of 5.6%. This indicates that home prices in Avenel, NJ are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $519,000 | 5.6% |
| Single Family | $525,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $430,000 | 4.6% |
3 Bed | $522,000 | 4.6% |
4 Bed | $596,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Avenel, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Avenel, NJ is 51. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $558,000 | 10.0% |
Listing Count | 29 | 20.0% |
| Listings as % of Homes | 0.4% | 20.0% |
Days on Market | 51 | -13.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Avenel, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $519,000 |
| Median Household Income | $95,900 |