Morganville, NJ—07751
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morganville, NJ
As of Oct '25, the median home price in Morganville, NJ is $845,000, with a year-over-year change of 1.0%. This indicates that home prices in Morganville, NJ are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $845,000 | 1.0% |
| Single Family | $894,000 | 0.6% |
| Condos | $501,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $416,000 | 2.0% |
3 Bed | $579,000 | 2.1% |
4 Bed | $881,000 | 0.6% |
| 5 Bed | $1,172,000 | 0.7% |
% of Housing Stock
Rental Trends — Morganville, NJ
As of July '25, Rentcast reports the average rent in Morganville, NJ is $3,690, with a year-over-year rent change of 7.3%. Per bedroom, the median rent as of July '25 in Morganville, NJ is 2-bedrooms: $2,850, 3-bedrooms: $3,670, 4-bedrooms: $4,850. The most common rental property sizes in Morganville, NJ are 3-bedroom and 2-bedroom, accounting for 48.2% and 39.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,700 | $2,850 |
| 3 Bed Rent | $3,400 | $3,670 |
| 4 Bed Rent | $4,350 | $4,850 |
% of Rental Stock
Property Listings — Morganville, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Morganville, NJ is 32. This is a decrease of -20.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $835,000 | -12.0% |
Listing Count | 62 | 3.0% |
| Listings as % of Homes | 0.6% | 3.0% |
Days on Market | 32 | -20.0% |
Demographics — Morganville, NJ
As of the latest ACS Survey released in 2023, Morganville, NJ has a population of 21,400, which has increased by 8.7% over the past 5 years. Morganville, NJ is a popular place for families, as children make up 25.1% of the population. The area has a highly educated workforce, with 64.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,400 | 8.7% |
% Under 18 | 25.1% | -7.4% |
% Seniors | 13.9% | 36.3% |
% WFH | 25.4% | 477.3% |
% w/ College Degree | 64.7% | 4.2% |
As of the latest ACS Survey released in 2023, Morganville, NJ is a predominantly white area, with 58.8% of the population identifying as white. The white population has shrunk by 13.8% in the last 5 years. The second most common race or ethnicity in Morganville, NJ is asian, making up 26.9% of the population. Foreign-born residents account for 26.0% of the population in Morganville, NJ, and this percentage has increased by 14.0% 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 | 58.8% | -13.8% |
% Black | 2.5% | 78.6% |
% Hispanic | 6.1% | 27.1% |
% Asian | 26.9% | 15.0% |
% Foreign Born | 26.0% | 14.0% |
Mortgage and Risk — Morganville, NJ
According to HUD data as of 2023, there were 411 mortgage originations in Morganville, NJ, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Morganville, NJ. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 411 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Morganville, NJ
Morganville, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 48 |
Total Units Section 8 | 48 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,430 |
| 2 Bedroom | $300 | $2,700 | $3,000 |
| 3 Bedroom | $600 | $3,400 | $4,000 |
| 4 Bedroom | $100 | $4,350 | $4,450 |
Affordability — Morganville, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $845,000 |
| Median Household Income | $173,000 |