Lakewood, NJ 08701 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lakewood, NJ—08701

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$560,000

5.6% YoY Growth

Household Income

$62,800

29.9% YoY Growth

Days on Market

9.0% Shorter YoY

Home Price Forecast

2.6%

Median Rent

$1,940

14.3% YoY Growth

1-Bed Rent

$1,600

7.8% YoY Growth

2-Bed Rent

$2,000

9.0% YoY Growth

3-Bed Rent

$2,700

14.9% YoY Growth

Home Price Trends — Lakewood, NJ

As of Dec '25, the median home price in Lakewood, NJ is $560,000, with a year-over-year change of 5.6%. This indicates that home prices in Lakewood, NJ are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$560,000	5.6%
Single Family	$727,000	7.5%
Condos	$256,000	-0.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lakewood, NJ

As of July '25, Rentcast reports the average rent in Lakewood, NJ is $2,040, with a year-over-year rent change of -14.3%. Per bedroom, the median rent as of July '25 in Lakewood, NJ is 1-bedrooms: $1,650, 2-bedrooms: $2,050, 3-bedrooms: $3,470, 4-bedrooms: $2,700. The most common rental property sizes in Lakewood, NJ are 2-bedroom and 3-bedroom, accounting for 33.1% and 23.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,940	$2,040
Studio Rent	N/A	N/A
1 Bed Rent	$1,600	$1,650
2 Bed Rent	$2,000	$2,050
3 Bed Rent	$2,700	$3,470
4 Bed Rent	$2,700	$2,700

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% of Rental Stock

Studio

2.5%

1 Bedroom

15.1%

2 Bedrooms

33.1%

3 Bedrooms

23.1%

4 Bedrooms

10.9%

5+ Bedrooms

15.2%

Property Listings — Lakewood, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Lakewood, NJ is 54. This is a decrease of -2.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$315,000	-39.0%
Listing Count	248	-2.0%
Listings as % of Homes	0.9%	-2.0%
Days on Market	57	-9.0%

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Demographics — Lakewood, NJ

As of the latest ACS Survey released in 2023, Lakewood, NJ has a population of 137,000, which has increased by 35.7% over the past 5 years. Lakewood, NJ is a popular place for families, as children make up 49.7% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	137,000	35.7%
% Under 18	49.7%	4.0%
% Seniors	9.6%	-5.0%
% WFH	12.8%	42.2%
% w/ College Degree	32.7%	9.0%

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As of the latest ACS Survey released in 2023, Lakewood, NJ is a predominantly white area, with 84.0% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Lakewood, NJ is hispanic, making up 11.1% of the population. Foreign-born residents account for 8.4% of the population in Lakewood, NJ, and this percentage has decreased by 31.1% 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	84.0%	3.4%
% Black	2.0%	-42.9%
% Hispanic	11.1%	-21.3%
% Asian	0.8%	-20.0%
% Foreign Born	8.4%	-31.1%

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Mortgage and Risk — Lakewood, NJ

According to HUD data as of 2023, there were 929 mortgage originations in Lakewood, NJ, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Lakewood, 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	929
% Conventional Loans	96.0%
% Government Loans	4.0%
% Investor Loans	2.0%
% Second Loans	2.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Lakewood, NJ

As of 2024, the percent of homes in Lakewood, NJ under the Section 8 program is 17.6%. 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 Lakewood, 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	2,700
Total Units Section 8	2,680
% Rentals under Section 8	17.6%
% Occupied Section 8	97.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$220	$1,600	$1,380
2 Bedroom	-$300	$2,000	$1,700
3 Bedroom	-$440	$2,700	$2,260
4 Bedroom	-$180	$2,700	$2,520

Lakewood, NJ—08701

Key Metrics at a Glance

Home Price Trends — Lakewood, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lakewood, NJ

% of Rental Stock

Property Listings — Lakewood, NJ

Demographics — Lakewood, NJ

Race and Ethnicity

Mortgage and Risk — Lakewood, NJ

Mortgages

Rentals and Section 8 — Lakewood, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Lakewood, NJ

Home Price to Income Ratio

Lakewood, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Toms River, NJ

Howell, NJ

Brick, NJ

Brick, NJ

Toms River, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.9
Median Home Price	$560,000
Median Household Income	$62,800

Lakewood, NJ—08701

Key Metrics at a Glance

Home Price Trends — Lakewood, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lakewood, NJ

% of Rental Stock

Property Listings — Lakewood, NJ

Demographics — Lakewood, NJ

Race and Ethnicity

Mortgage and Risk — Lakewood, NJ

Mortgages

Rentals and Section 8 — Lakewood, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Lakewood, NJ

Home Price to Income Ratio

Lakewood, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Toms River, NJ

Howell, NJ

Brick, NJ

Brick, NJ

Toms River, NJ

Frequently Asked Questions

What is the average home price in Lakewood, NJ 08701?

How have home prices in Lakewood, NJ 08701 changed over the past year?

What is the home price projection for Lakewood, NJ 08701?

What are the demographics of Lakewood, NJ 08701?

How long does it take homes to sell in Lakewood, NJ 08701?

What is the average rent price in Lakewood, NJ 08701?