Neptune Township, NJ 07753 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Neptune Township, NJ—07753

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$592,000

3.9% YoY Growth

Household Income

$92,800

30.7% YoY Growth

Days on Market

26

31.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$3,300

7.9% YoY Growth

1-Bed Rent

$2,350

12.0% YoY Growth

2-Bed Rent

$3,000

6.3% YoY Growth

3-Bed Rent

$3,700

15.6% YoY Growth

Other Zip Codes in Neptune Township, NJ

Home Price Trends — Neptune Township, NJ

As of May '26, the median home price in Neptune Township, NJ is $592,000, with a year-over-year change of 3.9%. This indicates that home prices in Neptune Township, 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	$592,000	3.9%
Single Family	$608,000	4.1%
Condos	$449,000	5.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Neptune Township, NJ

As of July '25, Rentcast reports the average rent in Neptune Township, NJ is $3,400, with a year-over-year rent change of 7.9%. Per bedroom, the median rent as of July '25 in Neptune Township, NJ is 1-bedrooms: $2,420, 2-bedrooms: $3,190, 3-bedrooms: $3,700, 4-bedrooms: $3,720. The most common rental property sizes in Neptune Township, NJ are 1-bedroom and 2-bedroom, accounting for 41.9% and 28.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,300	$3,400
Studio Rent	N/A	N/A
1 Bed Rent	$2,350	$2,420
2 Bed Rent	$3,000	$3,190
3 Bed Rent	$3,700	$3,700
4 Bed Rent	$3,500	$3,720

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% of Rental Stock

Studio

6.2%

1 Bedroom

41.9%

2 Bedrooms

28.8%

3 Bedrooms

21.7%

4 Bedrooms

1.0%

5+ Bedrooms

0.4%

Property Listings — Neptune Township, NJ

As of May '26, Realtor.com reports that the median days on market for a home in Neptune Township, NJ is 26. This is a decrease of -31.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$600,000	1.0%
Listing Count	175	34.0%
Listings as % of Homes	0.6%	34.0%
Days on Market	26	-31.0%

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Demographics — Neptune Township, NJ

As of the latest ACS Survey released in 2023, Neptune Township, NJ has a population of 37,200, which has remained stable by -1.0% over the past 5 years. Neptune Township, NJ is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 37.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,200	-1.0%
% Under 18	18.6%	0.5%
% Seniors	21.5%	-1.8%
% WFH	10.1%	180.6%
% w/ College Degree	37.0%	15.6%

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As of the latest ACS Survey released in 2023, Neptune Township, NJ is a predominantly white area, with 50.8% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Neptune Township, NJ is black, making up 27.2% of the population. Foreign-born residents account for 14.3% of the population in Neptune Township, NJ, and this percentage has increased by 21.2% 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	50.8%	-7.3%
% Black	27.2%	-3.2%
% Hispanic	16.1%	101.3%
% Asian	2.9%	-31.0%
% Foreign Born	14.3%	21.2%

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Mortgage and Risk — Neptune Township, NJ

According to HUD data as of 2023, there were 640 mortgage originations in Neptune Township, NJ, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Neptune Township, NJ. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	640
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	17.0%

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Rentals and Section 8 — Neptune Township, NJ

As of 2024, the percent of homes in Neptune Township, NJ under the Section 8 program is 24.7%. 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 Neptune Township, 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	1,471
Total Units Section 8	1,179
% Rentals under Section 8	24.7%
% Occupied Section 8	82.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$670	$2,350	$1,680
2 Bedroom	-$930	$3,000	$2,070
3 Bedroom	-$940	$3,700	$2,760
4 Bedroom	-$430	$3,500	$3,070