Point Pleasant, NJ—08742
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Point Pleasant, NJ
As of Oct '25, the median home price in Point Pleasant, NJ is $818,000, with a year-over-year change of 3.4%. This indicates that home prices in Point Pleasant, NJ are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $818,000 | 3.4% |
| Single Family | $836,000 | 3.9% |
| Condos | $592,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $375,000 | -0.5% |
2 Bed | $583,000 | 4.1% |
3 Bed | $738,000 | 3.9% |
4 Bed | $1,009,000 | 4.7% |
| 5 Bed | $1,684,000 | 5.0% |
% of Housing Stock
Rental Trends — Point Pleasant, NJ
As of July '25, Rentcast reports the average rent in Point Pleasant, NJ is $4,130, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Point Pleasant, NJ is studios: $1,420, 1-bedrooms: $2,230, 2-bedrooms: $2,950, 3-bedrooms: $3,840, 4-bedrooms: $5,030. The most common rental property sizes in Point Pleasant, NJ are 2-bedroom and 1-bedroom, accounting for 44.5% and 19.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $4,130 |
| Studio Rent | $1,350 | $1,420 |
| 1 Bed Rent | $1,700 | $2,230 |
| 2 Bed Rent | $2,650 | $2,950 |
| 3 Bed Rent | $3,200 | $3,840 |
| 4 Bed Rent | $4,900 | $5,030 |
% of Rental Stock
Property Listings — Point Pleasant, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Point Pleasant, NJ is 56. This is a decrease of -4.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $989,000 | -3.0% |
Listing Count | 120 | 11.0% |
| Listings as % of Homes | 0.7% | 11.0% |
Days on Market | 56 | -4.0% |
Demographics — Point Pleasant, NJ
As of the latest ACS Survey released in 2023, Point Pleasant, NJ has a population of 25,600, which has increased by 5.2% over the past 5 years. Point Pleasant, NJ is a moderately popular place for families, as children make up 18.2% of the population. The area has a highly educated workforce, with 51.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,600 | 5.2% |
% Under 18 | 18.2% | -5.2% |
% Seniors | 18.9% | 3.3% |
% WFH | 12.0% | 150.0% |
% w/ College Degree | 51.8% | 15.9% |
As of the latest ACS Survey released in 2023, Point Pleasant, NJ is a predominantly white area, with 86.5% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Point Pleasant, NJ is hispanic, making up 10.4% of the population. Foreign-born residents account for 8.5% of the population in Point Pleasant, NJ, and this percentage has increased by 60.4% 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 | 86.5% | -6.3% |
% Black | 0.6% | 100.0% |
% Hispanic | 10.4% | 73.3% |
% Asian | 0.6% | 50.0% |
% Foreign Born | 8.5% | 60.4% |
Mortgage and Risk — Point Pleasant, NJ
According to HUD data as of 2023, there were 524 mortgage originations in Point Pleasant, NJ, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Point Pleasant, NJ. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 524 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Point Pleasant, NJ
As of 2024, the percent of homes in Point Pleasant, 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Point Pleasant, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,700 | $1,820 |
| 2 Bedroom | -$410 | $2,650 | $2,240 |
| 3 Bedroom | -$220 | $3,200 | $2,980 |
| 4 Bedroom | -$1,580 | $4,900 | $3,320 |
Affordability — Point Pleasant, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $818,000 |
| Median Household Income | $112,000 |