Farmingdale, NJ 07727 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Farmingdale, NJ—07727

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$823,000

1.5% YoY Growth

Household Income

$131,000

63.0% YoY Growth

Days on Market

49.0% Longer YoY

Home Price Forecast

1.3%

Median Rent

$4,200

7.3% YoY Growth

1-Bed Rent

$1,500

N/A

2-Bed Rent

$2,500

N/A

3-Bed Rent

$4,500

5.0% YoY Growth

Home Price Trends — Farmingdale, NJ

As of May '26, the median home price in Farmingdale, NJ is $823,000, with a year-over-year change of 1.5%. This indicates that home prices in Farmingdale, NJ are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$823,000	1.5%
Single Family	$834,000	1.7%
Condos	$506,000	1.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Farmingdale, NJ

As of July '25, Rentcast reports the average rent in Farmingdale, NJ is $4,160, with a year-over-year rent change of -7.3%. Per bedroom, the median rent as of July '25 in Farmingdale, NJ is 1-bedrooms: $1,720, 2-bedrooms: $2,500, 3-bedrooms: $4,450, 4-bedrooms: $9,500. The most common rental property sizes in Farmingdale, NJ are 1-bedroom and 2-bedroom, accounting for 41.4% and 32.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$4,200	$4,160
Studio Rent	N/A	N/A
1 Bed Rent	$1,500	$1,720
2 Bed Rent	$2,500	$2,500
3 Bed Rent	$4,500	$4,450
4 Bed Rent	$9,500	$9,500

Loading chart...

% of Rental Stock

Studio

1.6%

1 Bedroom

41.4%

2 Bedrooms

32.9%

3 Bedrooms

15.2%

4 Bedrooms

7.5%

5+ Bedrooms

1.4%

Property Listings — Farmingdale, NJ

As of May '26, Realtor.com reports that the median days on market for a home in Farmingdale, NJ is 26. This is a increase of 49.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$914,000	-19.0%
Listing Count	40	43.0%
Listings as % of Homes	1.1%	43.0%
Days on Market	26	49.0%

Loading chart...

Demographics — Farmingdale, NJ

As of the latest ACS Survey released in 2023, Farmingdale, NJ has a population of 7,140, which has decreased by -4.6% over the past 5 years. Farmingdale, NJ is a moderately popular place for families, as children make up 18.0% of the population. The area has a highly educated workforce, with 48.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,140	-4.6%
% Under 18	18.0%	-28.0%
% Seniors	22.6%	49.7%
% WFH	16.6%	492.9%
% w/ College Degree	48.9%	23.8%

Loading chart...

As of the latest ACS Survey released in 2023, Farmingdale, NJ is a predominantly white area, with 71.4% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Farmingdale, NJ is black, making up 11.3% of the population. Foreign-born residents account for 11.0% of the population in Farmingdale, 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	71.4%	-6.4%
% Black	11.3%	24.2%
% Hispanic	9.9%	6.5%
% Asian	4.9%	-3.9%
% Foreign Born	11.0%	23.6%

Loading chart...

Mortgage and Risk — Farmingdale, NJ

According to HUD data as of 2023, there were 211 mortgage originations in Farmingdale, NJ, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Farmingdale, NJ. Investor activity is low, as 0.0% 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	211
% Conventional Loans	95.0%
% Government Loans	5.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

Loading chart...

Rentals and Section 8 — Farmingdale, NJ

As of 2024, the percent of homes in Farmingdale, NJ under the Section 8 program is 13.3%. 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 Farmingdale, 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	65
Total Units Section 8	61
% Rentals under Section 8	13.3%
% Occupied Section 8	83.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$140	$1,500	$1,360
2 Bedroom	-$820	$2,500	$1,680
3 Bedroom	-$2,260	$4,500	$2,240
4 Bedroom	-$7,010	$9,500	$2,490

Farmingdale, NJ—07727

Key Metrics at a Glance

Home Price Trends — Farmingdale, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Farmingdale, NJ

% of Rental Stock

Property Listings — Farmingdale, NJ

Demographics — Farmingdale, NJ

Race and Ethnicity

Mortgage and Risk — Farmingdale, NJ

Mortgages

Rentals and Section 8 — Farmingdale, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Farmingdale, NJ

Home Price to Income Ratio

Farmingdale, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Howell, NJ

Colts Neck Township, NJ

Allenwood

Neptune Township, NJ

Wall, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.2
Median Home Price	$823,000
Median Household Income	$131,000

Farmingdale, NJ—07727

Key Metrics at a Glance

Home Price Trends — Farmingdale, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Farmingdale, NJ

% of Rental Stock

Property Listings — Farmingdale, NJ

Demographics — Farmingdale, NJ

Race and Ethnicity

Mortgage and Risk — Farmingdale, NJ

Mortgages

Rentals and Section 8 — Farmingdale, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Farmingdale, NJ

Home Price to Income Ratio

Farmingdale, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Howell, NJ

Colts Neck Township, NJ

Allenwood

Neptune Township, NJ

Wall, NJ

Frequently Asked Questions

What is the average home price in Farmingdale, NJ 07727?

How have home prices in Farmingdale, NJ 07727 changed over the past year?

What is the home price projection for Farmingdale, NJ 07727?

What are the demographics of Farmingdale, NJ 07727?

How long does it take homes to sell in Farmingdale, NJ 07727?

What is the average rent price in Farmingdale, NJ 07727?