Long Branch, NJ—07740
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Long Branch, NJ
As of Oct '25, the median home price in Long Branch, NJ is $780,000, with a year-over-year change of -0.3%. This indicates that home prices in Long Branch, 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 | $780,000 | -0.3% |
| Single Family | $732,000 | -1.3% |
| Condos | $928,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $476,000 | -0.2% |
2 Bed | $660,000 | 0.9% |
3 Bed | $707,000 | -0.8% |
4 Bed | $896,000 | -0.4% |
| 5 Bed | $1,333,000 | -1.0% |
% of Housing Stock
Rental Trends — Long Branch, NJ
As of July '25, Rentcast reports the average rent in Long Branch, NJ is $3,470, with a year-over-year rent change of -6.7%. Per bedroom, the median rent as of July '25 in Long Branch, NJ is studios: $2,000, 1-bedrooms: $2,460, 2-bedrooms: $3,640, 3-bedrooms: $3,840, 4-bedrooms: $4,520. The most common rental property sizes in Long Branch, NJ are 1-bedroom and 2-bedroom, accounting for 37.9% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $3,470 |
| Studio Rent | $1,850 | $2,000 |
| 1 Bed Rent | $2,180 | $2,460 |
| 2 Bed Rent | $3,200 | $3,640 |
| 3 Bed Rent | $3,500 | $3,840 |
| 4 Bed Rent | $4,000 | $4,520 |
% of Rental Stock
Property Listings — Long Branch, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Long Branch, NJ is 65. This is a decrease of -22.0% 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 4.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,490,000 | 11.0% |
Listing Count | 184 | 12.0% |
| Listings as % of Homes | 0.9% | 12.0% |
Days on Market | 65 | -22.0% |
Demographics — Long Branch, NJ
As of the latest ACS Survey released in 2023, Long Branch, NJ has a population of 32,300, which has increased by 4.7% over the past 5 years. Long Branch, NJ is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 34.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,300 | 4.7% |
% Under 18 | 20.6% | -9.3% |
% Seniors | 17.0% | 11.8% |
% WFH | 8.3% | 97.6% |
% w/ College Degree | 34.7% | 18.4% |
As of the latest ACS Survey released in 2023, Long Branch, NJ is a predominantly white area, with 53.5% of the population identifying as white. The white population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Long Branch, NJ is hispanic, making up 23.0% of the population. Foreign-born residents account for 26.2% of the population in Long Branch, NJ, and this percentage has decreased by 14.1% 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 | 53.5% | 3.3% |
% Black | 13.4% | -9.5% |
% Hispanic | 23.0% | -23.8% |
% Asian | 2.1% | -16.0% |
% Foreign Born | 26.2% | -14.1% |
Mortgage and Risk — Long Branch, NJ
According to HUD data as of 2023, there were 241 mortgage originations in Long Branch, NJ, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Long Branch, NJ. Investor activity is low, as 6.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 241 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 6.0% |
% Second Loans | 22.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Long Branch, NJ
As of 2024, the percent of homes in Long Branch, NJ under the Section 8 program is 12.6%. 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 Long Branch, 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 | 1,389 |
Total Units Section 8 | 940 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 87.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$580 | $2,180 | $1,600 |
| 2 Bedroom | -$1,230 | $3,200 | $1,970 |
| 3 Bedroom | -$880 | $3,500 | $2,620 |
| 4 Bedroom | -$1,080 | $4,000 | $2,920 |
Affordability — Long Branch, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.4 |
| Median Home Price | $780,000 |
| Median Household Income | $73,800 |