Forked River, NJ—08731
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forked River, NJ
As of Oct '25, the median home price in Forked River, NJ is $487,000, with a year-over-year change of 2.4%. This indicates that home prices in Forked River, NJ are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $487,000 | 2.4% |
| Single Family | $488,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $386,000 | 1.8% |
3 Bed | $472,000 | 2.6% |
4 Bed | $622,000 | 2.5% |
| 5 Bed | $717,000 | 1.7% |
% of Housing Stock
Rental Trends — Forked River, NJ
As of July '25, Rentcast reports the average rent in Forked River, NJ is $3,560, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in Forked River, NJ is 2-bedrooms: $2,300, 3-bedrooms: $3,690, 4-bedrooms: $3,100. The most common rental property sizes in Forked River, NJ are 3-bedroom and 2-bedroom, accounting for 62.4% and 19.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,560 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,300 | $2,300 |
| 3 Bed Rent | $3,500 | $3,690 |
| 4 Bed Rent | $3,100 | $3,100 |
% of Rental Stock
Property Listings — Forked River, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Forked River, NJ is 57. This is a increase of 2.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $590,000 | -8.0% |
Listing Count | 127 | 0.0% |
| Listings as % of Homes | 0.9% | 0.0% |
Days on Market | 57 | 2.0% |
Demographics — Forked River, NJ
As of the latest ACS Survey released in 2023, Forked River, NJ has a population of 21,100, which has increased by 5.9% over the past 5 years. Forked River, NJ is a moderately popular place for families, as children make up 17.1% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,100 | 5.9% |
% Under 18 | 17.1% | -22.6% |
% Seniors | 23.2% | 26.8% |
% WFH | 13.0% | 160.0% |
% w/ College Degree | 31.6% | 10.9% |
As of the latest ACS Survey released in 2023, Forked River, NJ is a predominantly white area, with 81.7% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Forked River, NJ is hispanic, making up 14.8% of the population. Foreign-born residents account for 6.3% of the population in Forked River, NJ, and this percentage has increased by 53.7% 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 | 81.7% | -9.7% |
% Black | 0.9% | -35.7% |
% Hispanic | 14.8% | 127.7% |
% Asian | 0.7% | -50.0% |
% Foreign Born | 6.3% | 53.7% |
Mortgage and Risk — Forked River, NJ
According to HUD data as of 2023, there were 594 mortgage originations in Forked River, NJ, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Forked River, NJ. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 594 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Forked River, NJ
Forked River, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 42 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,950 |
| 2 Bedroom | $110 | $2,300 | $2,410 |
| 3 Bedroom | -$290 | $3,500 | $3,210 |
| 4 Bedroom | $470 | $3,100 | $3,570 |
Affordability — Forked River, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $487,000 |
| Median Household Income | $93,300 |