Asbury, NJ—08802
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Asbury, NJ
As of Oct '25, the median home price in Asbury, NJ is $595,000, with a year-over-year change of 3.2%. This indicates that home prices in Asbury, NJ are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $595,000 | 3.2% |
| Single Family | $599,000 | 3.3% |
| 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 | $520,000 | 6.1% |
4 Bed | $759,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Asbury, NJ
As of July '25, Rentcast reports the average rent in Asbury, NJ is $2,700, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Asbury, NJ is 1-bedrooms: $1,800, 3-bedrooms: $2,880. The most common rental property sizes in Asbury, NJ are 4-bedroom and 2-bedroom, accounting for 41.8% and 39.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,800 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,750 | $2,880 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Asbury, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Asbury, NJ is 48. This is a increase of 85.0% 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 | $527,000 | -20.0% |
Listing Count | 17 | -8.0% |
| Listings as % of Homes | 0.7% | -8.0% |
Days on Market | 48 | 85.0% |
Demographics — Asbury, NJ
As of the latest ACS Survey released in 2023, Asbury, NJ has a population of 4,600, which has increased by 14.1% over the past 5 years. Asbury, NJ is a moderately popular place for families, as children make up 18.5% of the population. The area has a highly educated workforce, with 46.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,600 | 14.1% |
% Under 18 | 18.5% | -24.5% |
% Seniors | 17.7% | 59.5% |
% WFH | 21.9% | 170.4% |
% w/ College Degree | 46.9% | -4.1% |
As of the latest ACS Survey released in 2023, Asbury, NJ is a predominantly white area, with 88.6% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Asbury, NJ is hispanic, making up 6.0% of the population. Foreign-born residents account for 3.4% of the population in Asbury, NJ, and this percentage has decreased by 48.5% 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 | 88.6% | -5.9% |
% Black | 0.5% | 400.0% |
% Hispanic | 6.0% | 185.7% |
% Asian | 1.4% | -60.0% |
% Foreign Born | 3.4% | -48.5% |
Mortgage and Risk — Asbury, NJ
According to HUD data as of 2023, there were 133 mortgage originations in Asbury, NJ, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Asbury, NJ. Investor activity is low, as 1.0% 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 | 133 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Asbury, NJ
Asbury, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 7.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,800 | $2,070 |
| 2 Bedroom | N/A | N/A | $2,580 |
| 3 Bedroom | $410 | $2,750 | $3,160 |
| 4 Bedroom | N/A | N/A | $3,550 |
Affordability — Asbury, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $595,000 |
| Median Household Income | $131,000 |