Matawan, NJ—07747
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Matawan, NJ
As of Oct '25, the median home price in Matawan, NJ is $632,000, with a year-over-year change of 2.8%. This indicates that home prices in Matawan, NJ are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $632,000 | 2.8% |
| Single Family | $681,000 | 2.1% |
| Condos | $357,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $282,000 | 1.8% |
2 Bed | $388,000 | 4.3% |
3 Bed | $623,000 | 3.0% |
4 Bed | $748,000 | 1.5% |
| 5 Bed | $811,000 | 1.1% |
% of Housing Stock
Rental Trends — Matawan, NJ
As of July '25, Rentcast reports the average rent in Matawan, NJ is $2,820, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Matawan, NJ is 1-bedrooms: $2,200, 2-bedrooms: $2,820, 3-bedrooms: $3,380, 4-bedrooms: $4,400. The most common rental property sizes in Matawan, NJ are 1-bedroom and 2-bedroom, accounting for 50.9% and 34.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,200 | $2,200 |
| 2 Bed Rent | $2,800 | $2,820 |
| 3 Bed Rent | $3,250 | $3,380 |
| 4 Bed Rent | $4,300 | $4,400 |
% of Rental Stock
Property Listings — Matawan, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Matawan, NJ is 37. 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $515,000 | -10.0% |
Listing Count | 127 | 8.0% |
| Listings as % of Homes | 0.7% | 8.0% |
Days on Market | 37 | 21.0% |
Demographics — Matawan, NJ
As of the latest ACS Survey released in 2023, Matawan, NJ has a population of 32,200, which has increased by 3.5% over the past 5 years. Matawan, NJ is a moderately popular place for families, as children make up 20.0% of the population. The area has a highly educated workforce, with 50.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,200 | 3.5% |
% Under 18 | 20.0% | -1.5% |
% Seniors | 17.3% | 10.9% |
% WFH | 17.3% | 208.9% |
% w/ College Degree | 50.8% | 6.7% |
As of the latest ACS Survey released in 2023, Matawan, NJ is a predominantly white area, with 65.7% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Matawan, NJ is hispanic, making up 11.6% of the population. Foreign-born residents account for 16.6% of the population in Matawan, NJ, and this percentage has decreased by 8.3% 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 | 65.7% | -10.0% |
% Black | 7.2% | 44.0% |
% Hispanic | 11.6% | 13.7% |
% Asian | 9.2% | -1.1% |
% Foreign Born | 16.6% | -8.3% |
Mortgage and Risk — Matawan, NJ
According to HUD data as of 2023, there were 533 mortgage originations in Matawan, NJ, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Matawan, NJ. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 533 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Matawan, NJ
As of 2024, the percent of homes in Matawan, NJ under the Section 8 program is 8.6%. 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 Matawan, 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 | 289 |
Total Units Section 8 | 289 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$310 | $2,200 | $1,890 |
| 2 Bedroom | -$460 | $2,800 | $2,340 |
| 3 Bedroom | -$230 | $3,250 | $3,020 |
| 4 Bedroom | -$950 | $4,300 | $3,350 |
Affordability — Matawan, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $632,000 |
| Median Household Income | $125,000 |