Freehold, NJ—07728
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Freehold, NJ
As of Oct '25, the median home price in Freehold, NJ is $606,000, with a year-over-year change of 2.3%. This indicates that home prices in Freehold, NJ are increasing. 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 | $606,000 | 2.3% |
| Single Family | $671,000 | 1.7% |
| Condos | $383,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $241,000 | 2.1% |
2 Bed | $406,000 | 2.8% |
3 Bed | $541,000 | 2.9% |
4 Bed | $845,000 | 0.8% |
| 5 Bed | $1,009,000 | 1.7% |
% of Housing Stock
Rental Trends — Freehold, NJ
As of July '25, Rentcast reports the average rent in Freehold, NJ is $2,800, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Freehold, NJ is 1-bedrooms: $2,020, 2-bedrooms: $2,890, 3-bedrooms: $3,360, 4-bedrooms: $5,300. The most common rental property sizes in Freehold, NJ are 2-bedroom and 1-bedroom, accounting for 40.1% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,100 | $2,020 |
| 2 Bed Rent | $2,800 | $2,890 |
| 3 Bed Rent | $3,300 | $3,360 |
| 4 Bed Rent | $5,300 | $5,300 |
% of Rental Stock
Property Listings — Freehold, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Freehold, NJ is 41. This is a increase of 2.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $543,000 | -7.0% |
Listing Count | 217 | 10.0% |
| Listings as % of Homes | 0.7% | 10.0% |
Days on Market | 41 | 2.0% |
Demographics — Freehold, NJ
As of the latest ACS Survey released in 2023, Freehold, NJ has a population of 56,600, which has increased by 2.9% over the past 5 years. Freehold, NJ is a moderately popular place for families, as children make up 23.8% of the population. The area has a highly educated workforce, with 46.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 56,600 | 2.9% |
% Under 18 | 23.8% | 8.2% |
% Seniors | 17.8% | 5.3% |
% WFH | 18.5% | 374.4% |
% w/ College Degree | 46.3% | 20.6% |
As of the latest ACS Survey released in 2023, Freehold, NJ is a predominantly white area, with 67.0% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Freehold, NJ is hispanic, making up 19.9% of the population. Foreign-born residents account for 16.2% of the population in Freehold, NJ, and this percentage has increased by 2.5% 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 | 67.0% | -0.9% |
% Black | 4.4% | -36.2% |
% Hispanic | 19.9% | 14.4% |
% Asian | 5.9% | -9.2% |
% Foreign Born | 16.2% | 2.5% |
Mortgage and Risk — Freehold, NJ
According to HUD data as of 2023, there were 870 mortgage originations in Freehold, NJ, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Freehold, 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 | 870 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Freehold, NJ
As of 2024, the percent of homes in Freehold, NJ under the Section 8 program is 9.8%. 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 Freehold, 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 | 666 |
Total Units Section 8 | 486 |
% Rentals under Section 8 | 9.8% |
% Occupied Section 8 | 85.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$280 | $2,100 | $1,820 |
| 2 Bedroom | -$560 | $2,800 | $2,240 |
| 3 Bedroom | -$320 | $3,300 | $2,980 |
| 4 Bedroom | -$1,980 | $5,300 | $3,320 |
Affordability — Freehold, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $606,000 |
| Median Household Income | $107,000 |