Shrewsbury, NJ—07702
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shrewsbury, NJ
As of Oct '25, the median home price in Shrewsbury, NJ is $914,000, with a year-over-year change of 0.8%. This indicates that home prices in Shrewsbury, NJ are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $914,000 | 0.8% |
| Single Family | $939,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $763,000 | 0.7% |
3 Bed | $797,000 | -0.5% |
4 Bed | $1,081,000 | 2.4% |
| 5 Bed | $1,387,000 | 3.8% |
% of Housing Stock
Rental Trends — Shrewsbury, NJ
As of July '25, Rentcast reports the average rent in Shrewsbury, NJ is $2,950, with a year-over-year rent change of 22.9%. Per bedroom, the median rent as of July '25 in Shrewsbury, NJ is 2-bedrooms: $2,950. The most common rental property sizes in Shrewsbury, NJ are 2-bedroom and 1-bedroom, accounting for 24.9% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,950 | $2,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,950 | $2,950 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Shrewsbury, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Shrewsbury, NJ is 52. This is a decrease of -5.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,820,000 | 39.0% |
Listing Count | 9 | -61.0% |
| Listings as % of Homes | 0.9% | -61.0% |
Days on Market | 52 | -5.0% |
Demographics — Shrewsbury, NJ
As of the latest ACS Survey released in 2023, Shrewsbury, NJ has a population of 4,160, which has increased by 1.8% over the past 5 years. Shrewsbury, NJ is a popular place for families, as children make up 25.8% of the population. The area has a highly educated workforce, with 65.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,160 | 1.8% |
% Under 18 | 25.8% | 5.7% |
% Seniors | 23.3% | 1.7% |
% WFH | 22.4% | 121.8% |
% w/ College Degree | 65.0% | 1.9% |
As of the latest ACS Survey released in 2023, Shrewsbury, NJ is a predominantly white area, with 85.3% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Shrewsbury, NJ is black, making up 4.3% of the population. Foreign-born residents account for 6.8% of the population in Shrewsbury, NJ, and this percentage has increased by 23.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.3% | -7.8% |
% Black | 4.3% | 975.0% |
% Hispanic | 1.9% | -29.6% |
% Asian | 3.8% | 2.7% |
% Foreign Born | 6.8% | 23.6% |
Mortgage and Risk — Shrewsbury, NJ
According to HUD data as of 2023, there were 88 mortgage originations in Shrewsbury, NJ, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Shrewsbury, NJ. Investor activity is low, as 0.0% 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 | 88 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Shrewsbury, NJ
Shrewsbury, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,480 |
| 2 Bedroom | $110 | $2,950 | $3,060 |
| 3 Bedroom | N/A | N/A | $4,080 |
| 4 Bedroom | N/A | N/A | $4,530 |
Affordability — Shrewsbury, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $914,000 |
| Median Household Income | $144,000 |