Middletown, NJ—07748
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Middletown, NJ
As of Oct '25, the median home price in Middletown, NJ is $747,000, with a year-over-year change of 4.4%. This indicates that home prices in Middletown, NJ are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $747,000 | 4.4% |
| Single Family | $761,000 | 4.4% |
| Condos | $605,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $348,000 | 3.6% |
2 Bed | $446,000 | 6.4% |
3 Bed | $656,000 | 4.6% |
4 Bed | $866,000 | 4.5% |
| 5 Bed | $1,048,000 | 4.8% |
% of Housing Stock
Rental Trends — Middletown, NJ
As of July '25, Rentcast reports the average rent in Middletown, NJ is $3,790, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Middletown, NJ is 1-bedrooms: $1,930, 2-bedrooms: $2,620, 3-bedrooms: $4,140, 4-bedrooms: $5,590. The most common rental property sizes in Middletown, NJ are 1-bedroom and 2-bedroom, accounting for 37.5% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,790 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $1,930 |
| 2 Bed Rent | $2,500 | $2,620 |
| 3 Bed Rent | $4,200 | $4,140 |
| 4 Bed Rent | $5,200 | $5,590 |
% of Rental Stock
Property Listings — Middletown, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Middletown, NJ is 31. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $830,000 | 12.0% |
Listing Count | 86 | -18.0% |
| Listings as % of Homes | 0.8% | -18.0% |
Days on Market | 31 | 0.0% |
Demographics — Middletown, NJ
As of the latest ACS Survey released in 2023, Middletown, NJ has a population of 28,300, which has increased by 3.3% over the past 5 years. Middletown, NJ is a moderately popular place for families, as children make up 23.9% of the population. The area has a highly educated workforce, with 51.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,300 | 3.3% |
% Under 18 | 23.9% | 5.8% |
% Seniors | 15.5% | -4.3% |
% WFH | 17.8% | 295.6% |
% w/ College Degree | 51.8% | 6.8% |
As of the latest ACS Survey released in 2023, Middletown, NJ is a predominantly white area, with 81.7% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Middletown, NJ is hispanic, making up 11.5% of the population. Foreign-born residents account for 7.3% of the population in Middletown, NJ, and this percentage has decreased by 9.9% 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 | 81.7% | -5.5% |
% Black | 1.8% | 157.1% |
% Hispanic | 11.5% | 59.7% |
% Asian | 2.0% | -50.0% |
% Foreign Born | 7.3% | -9.9% |
Mortgage and Risk — Middletown, NJ
According to HUD data as of 2023, there were 579 mortgage originations in Middletown, NJ, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Middletown, NJ. Investor activity is low, as 1.0% 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 | 579 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Middletown, NJ
As of 2024, the percent of homes in Middletown, NJ under the Section 8 program is 27.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Middletown, 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 | 368 |
Total Units Section 8 | 368 |
% Rentals under Section 8 | 27.5% |
% Occupied Section 8 | 92.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$460 | $2,000 | $1,540 |
| 2 Bedroom | -$600 | $2,500 | $1,900 |
| 3 Bedroom | -$1,670 | $4,200 | $2,530 |
| 4 Bedroom | -$2,380 | $5,200 | $2,820 |
Affordability — Middletown, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $747,000 |
| Median Household Income | $152,000 |