Spring Lake, NJ—07762
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Lake, NJ
As of Oct '25, the median home price in Spring Lake, NJ is $1,351,000, with a year-over-year change of 5.7%. This indicates that home prices in Spring Lake, NJ are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,351,000 | 5.7% |
| Single Family | $1,625,000 | 7.0% |
| Condos | $747,000 | 7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $641,000 | 9.0% |
2 Bed | $832,000 | 8.1% |
3 Bed | $1,088,000 | 6.5% |
4 Bed | $1,865,000 | 6.7% |
| 5 Bed | $4,577,000 | 5.9% |
% of Housing Stock
Rental Trends — Spring Lake, NJ
As of July '25, Rentcast reports the average rent in Spring Lake, NJ is $5,380, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Spring Lake, NJ is 1-bedrooms: $2,570, 2-bedrooms: $3,600, 3-bedrooms: $4,710, 4-bedrooms: $6,380. The most common rental property sizes in Spring Lake, NJ are 1-bedroom and 2-bedroom, accounting for 71.4% and 15.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,000 | $5,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,200 | $2,570 |
| 2 Bed Rent | $3,500 | $3,600 |
| 3 Bed Rent | $4,700 | $4,710 |
| 4 Bed Rent | $6,000 | $6,380 |
% of Rental Stock
Property Listings — Spring Lake, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Lake, NJ is 52. This is a increase of 31.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,060,000 | 7.0% |
Listing Count | 32 | -36.0% |
| Listings as % of Homes | 0.7% | -36.0% |
Days on Market | 52 | 31.0% |
Demographics — Spring Lake, NJ
As of the latest ACS Survey released in 2023, Spring Lake, NJ has a population of 8,200, which has remained stable by -0.3% over the past 5 years. Spring Lake, NJ is a less popular place for families, as children make up 13.4% of the population. The area has a highly educated workforce, with 63.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,200 | -0.3% |
% Under 18 | 13.4% | -11.8% |
% Seniors | 30.6% | 4.4% |
% WFH | 20.6% | 202.9% |
% w/ College Degree | 63.7% | 9.1% |
As of the latest ACS Survey released in 2023, Spring Lake, NJ is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Spring Lake, NJ is hispanic, making up 4.1% of the population. Foreign-born residents account for 4.5% of the population in Spring Lake, NJ, and this percentage has decreased by 25.0% 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 | 92.4% | -0.9% |
% Black | 0.3% | -85.7% |
% Hispanic | 4.1% | 115.8% |
% Asian | 1.0% | -64.3% |
% Foreign Born | 4.5% | -25.0% |
Mortgage and Risk — Spring Lake, NJ
According to HUD data as of 2023, there were 135 mortgage originations in Spring Lake, NJ, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 37.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Spring Lake, NJ. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 135 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 2.0% |
% Second Loans | 25.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Spring Lake, NJ
As of 2024, the percent of homes in Spring Lake, NJ under the Section 8 program is 0.6%. 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 Spring Lake, 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 | 10 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$550 | $2,200 | $1,650 |
| 2 Bedroom | -$1,460 | $3,500 | $2,040 |
| 3 Bedroom | -$1,980 | $4,700 | $2,720 |
| 4 Bedroom | -$2,980 | $6,000 | $3,020 |
Affordability — Spring Lake, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.6 |
| Median Home Price | $1,351,000 |
| Median Household Income | $104,000 |