Minotola, NJ—08341
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Minotola, NJ
As of Oct '25, the median home price in Minotola, NJ is $304,000, with a year-over-year change of 1.6%. This indicates that home prices in Minotola, NJ are increasing. According to Zillow, the 1-year price projection is 4.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $304,000 | 1.6% |
| Single Family | $306,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Minotola, NJ
As of July '25, Rentcast reports the average rent in Minotola, NJ is $1,620, with a year-over-year rent change of 54.3%. Per bedroom, the median rent as of July '25 in Minotola, NJ is 2-bedrooms: $1,620. The most common rental property sizes in Minotola, NJ are 1-bedroom and 2-bedroom, accounting for 57.7% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,600 | $1,620 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Minotola, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Minotola, NJ is 42. This is a increase of 4.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | 20.0% |
Listing Count | 9 | 83.0% |
| Listings as % of Homes | N/A | 83.0% |
Days on Market | 42 | 4.0% |
Demographics — Minotola, NJ
As of the latest ACS Survey released in 2023, Minotola, NJ has a population of 2,000, which has decreased by -13.1% over the past 5 years. Minotola, NJ is a less popular place for families, as children make up 14.7% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,000 | -13.1% |
% Under 18 | 14.7% | -39.8% |
% Seniors | 20.4% | 5.7% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 16.5% | -2.4% |
As of the latest ACS Survey released in 2023, Minotola, NJ is a predominantly hispanic area, with 41.0% of the population identifying as hispanic. The hispanic population has grown by 19.2% in the last 5 years. The second most common race or ethnicity in Minotola, NJ is white, making up 33.5% of the population. Foreign-born residents account for 20.3% of the population in Minotola, NJ, and this percentage has increased by 244.1% 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 | 33.5% | -39.9% |
% Black | 4.8% | -42.2% |
% Hispanic | 41.0% | 19.2% |
% Asian | 17.1% | 510.7% |
% Foreign Born | 20.3% | 244.1% |
Mortgage and Risk — Minotola, NJ
According to HUD data as of 2023, there were 70 mortgage originations in Minotola, NJ, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Minotola, NJ. Investor activity is low, as 6.0% 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 | 70 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Minotola, NJ
Minotola, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 70 |
Total Units Section 8 | 70 |
% Rentals under Section 8 | 20.3% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,210 |
| 2 Bedroom | -$90 | $1,600 | $1,510 |
| 3 Bedroom | N/A | N/A | $2,120 |
| 4 Bedroom | N/A | N/A | $2,330 |
Affordability — Minotola, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $304,000 |
| Median Household Income | $68,500 |