Manalapan Township, NJ—07726
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manalapan Township, NJ
As of Oct '25, the median home price in Manalapan Township, NJ is $756,000, with a year-over-year change of 0.9%. This indicates that home prices in Manalapan Township, NJ are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $756,000 | 0.9% |
| Single Family | $799,000 | 0.4% |
| Condos | $464,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $296,000 | -1.7% |
2 Bed | $386,000 | 1.8% |
3 Bed | $666,000 | 1.7% |
4 Bed | $870,000 | 0.5% |
| 5 Bed | $1,056,000 | 1.3% |
% of Housing Stock
Rental Trends — Manalapan Township, NJ
As of July '25, Rentcast reports the average rent in Manalapan Township, NJ is $3,030, with a year-over-year rent change of 10.6%. Per bedroom, the median rent as of July '25 in Manalapan Township, NJ is 1-bedrooms: $1,890, 2-bedrooms: $2,470, 3-bedrooms: $3,980, 4-bedrooms: $4,190. The most common rental property sizes in Manalapan Township, NJ are 2-bedroom and 1-bedroom, accounting for 58.8% and 20.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $3,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,850 | $1,890 |
| 2 Bed Rent | $2,300 | $2,470 |
| 3 Bed Rent | $3,900 | $3,980 |
| 4 Bed Rent | $4,000 | $4,190 |
% of Rental Stock
Property Listings — Manalapan Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Manalapan Township, NJ is 45. This is a increase of 21.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $800,000 | 0.0% |
Listing Count | 212 | -3.0% |
| Listings as % of Homes | 1.0% | -3.0% |
Days on Market | 45 | 21.0% |
Demographics — Manalapan Township, NJ
As of the latest ACS Survey released in 2023, Manalapan Township, NJ has a population of 44,700, which has increased by 1.9% over the past 5 years. Manalapan Township, NJ is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 54.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,700 | 1.9% |
% Under 18 | 23.1% | 0.0% |
% Seniors | 17.7% | 12.7% |
% WFH | 18.7% | 246.3% |
% w/ College Degree | 54.7% | 7.7% |
As of the latest ACS Survey released in 2023, Manalapan Township, NJ is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Manalapan Township, NJ is hispanic, making up 8.6% of the population. Foreign-born residents account for 16.2% of the population in Manalapan Township, NJ, and this percentage has increased by 8.0% 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 | 78.2% | -4.4% |
% Black | 2.7% | 22.7% |
% Hispanic | 8.6% | 17.8% |
% Asian | 8.2% | 10.8% |
% Foreign Born | 16.2% | 8.0% |
Mortgage and Risk — Manalapan Township, NJ
According to HUD data as of 2023, there were 720 mortgage originations in Manalapan Township, NJ, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Manalapan Township, NJ. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 720 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Manalapan Township, NJ
As of 2024, the percent of homes in Manalapan Township, NJ under the Section 8 program is 5.1%. 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 Manalapan Township, 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 | 122 |
Total Units Section 8 | 120 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 83.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,850 | $1,740 |
| 2 Bedroom | -$160 | $2,300 | $2,140 |
| 3 Bedroom | -$1,050 | $3,900 | $2,850 |
| 4 Bedroom | -$830 | $4,000 | $3,170 |
Affordability — Manalapan Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $756,000 |
| Median Household Income | $146,000 |