Monmouth Junction, NJ—08852
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monmouth Junction, NJ
As of Oct '25, the median home price in Monmouth Junction, NJ is $687,000, with a year-over-year change of 5.5%. This indicates that home prices in Monmouth Junction, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $687,000 | 5.5% |
| Single Family | $732,000 | 4.9% |
| Condos | $394,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $417,000 | 2.0% |
3 Bed | $607,000 | 4.1% |
4 Bed | $927,000 | 4.7% |
| 5 Bed | $1,157,000 | 3.8% |
% of Housing Stock
Rental Trends — Monmouth Junction, NJ
As of July '25, Rentcast reports the average rent in Monmouth Junction, NJ is $2,860, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Monmouth Junction, NJ is studios: $2,490, 1-bedrooms: $2,010, 2-bedrooms: $2,490, 3-bedrooms: $3,080. The most common rental property sizes in Monmouth Junction, NJ are 2-bedroom and 1-bedroom, accounting for 48.1% and 40.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,860 |
| Studio Rent | $2,490 | $2,490 |
| 1 Bed Rent | $2,000 | $2,010 |
| 2 Bed Rent | $2,400 | $2,490 |
| 3 Bed Rent | $2,900 | $3,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Monmouth Junction, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Monmouth Junction, NJ is 44. This is a increase of 9.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $675,000 | 10.0% |
Listing Count | 48 | 4.0% |
| Listings as % of Homes | 0.2% | 4.0% |
Days on Market | 44 | 9.0% |
Demographics — Monmouth Junction, NJ
As of the latest ACS Survey released in 2023, Monmouth Junction, NJ has a population of 17,300, which has decreased by -4.0% over the past 5 years. Monmouth Junction, NJ is a moderately popular place for families, as children make up 22.1% of the population. The area has a highly educated workforce, with 64.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,300 | -4.0% |
% Under 18 | 22.1% | -14.7% |
% Seniors | 12.9% | 34.4% |
% WFH | 23.9% | 408.5% |
% w/ College Degree | 64.5% | -8.1% |
As of the latest ACS Survey released in 2023, Monmouth Junction, NJ is a predominantly asian area, with 50.6% of the population identifying as asian. The asian population has grown by 7.9% in the last 5 years. The second most common race or ethnicity in Monmouth Junction, NJ is white, making up 29.8% of the population. Foreign-born residents account for 45.8% of the population in Monmouth Junction, NJ, and this percentage has increased by 7.5% 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 | 29.8% | -16.3% |
% Black | 7.5% | -27.2% |
% Hispanic | 10.0% | 143.9% |
% Asian | 50.6% | 7.9% |
% Foreign Born | 45.8% | 7.5% |
Mortgage and Risk — Monmouth Junction, NJ
According to HUD data as of 2023, there were 181 mortgage originations in Monmouth Junction, NJ, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Monmouth Junction, 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 | 181 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Monmouth Junction, NJ
Monmouth Junction, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 154 |
Total Units Section 8 | 65 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $2,000 | $1,810 |
| 2 Bedroom | -$120 | $2,400 | $2,280 |
| 3 Bedroom | -$150 | $2,900 | $2,750 |
| 4 Bedroom | N/A | N/A | $3,020 |
Affordability — Monmouth Junction, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $687,000 |
| Median Household Income | $122,000 |