72 / 100

Monmouth County, NJ

RANK #285 / 996  ·  POP 643,064  ·  NJ

PROJECTED GROWTH: +1.6%

Monmouth County is growing steadily, with strong fundamentals across jobs, wages, and population.

[01] Why Monmouth County?

Monmouth County, New Jersey, distinguishes itself with its extensive coastline along the Atlantic Ocean, offering numerous beaches from Sandy Hook to Manasquan. The county, located in central New Jersey, is roughly an hour's drive from New York City, with various commute options including NJ Transit rail and bus services, and ferry routes from towns like Belford, Atlantic Highlands, and Highlands. Beyond its shore, Monmouth County features a mix of suburban and agricultural landscapes, including horse farms, orchards, and wineries in its inland areas. The Monmouth County Park System manages over 18,000 acres across more than 40 sites, providing extensive outdoor recreation opportunities such as hiking, biking, and environmental education.

Life in Monmouth County appeals to a range of residents, from families drawn to its highly-rated public school districts, including Holmdel Township and Freehold Regional, to commuters seeking access to New York City. The economy is diverse, with significant sectors in healthcare and social assistance, retail trade, and professional and technical services. Recent economic developments show strong growth in non-residential construction, particularly in industrial warehousing and office spaces. Institutions like Brookdale Community College also contribute significantly to the local economy, supporting jobs and increasing earning potential for residents.

[02] Market Snapshot

Housing Ratio
8.0x

Overvalued relative to economy

GDP Growth
+2.3%

Below national median

Home Prices
+2.8%

Outpacing national median

Climate & Terrain
0.6

Moderate climate & terrain

Price/Rent
15x

Above national median (13x)

Housing looks overvalued at 8.0x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Monmouth County U.S. National

The Numbers

DEMOGRAPHICS
Population
643,064
+0.14% YoY
Median Household Income
$118,527
Median Home Value
$519,300
+2.8% 12mo
Median Rent
$1,683
Average Annual Pay
$70,560
+3.4% YoY
Employment
274,000
+1.8% YoY
Income-to-Home-Value
0.2282
Near national average
Migration Inflow
2.39%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$671,810
Days on Market
49
Moderate pace
Months of Supply
2.9
Seller's market
Sale-to-List Ratio
99.6%
Near asking price
Sold Above List
36.9%
Listings w/ Price Drops
14.2%
Building Permits (2024)
2,782
Single-Family Permits
2,151

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +2.3% 41 percentile
Population Growth +0.1% 36 percentile
Income Growth +7.4% 24 percentile
Vacancy Rate 0.7% 82 percentile
Home Price Change +2.8% 70 percentile
Rent Growth +2.6% 42 percentile
Price/Rent 15x 34 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Monmouth County, NJ a good place to move to?

Monmouth County has a Boom Town Index score of 72/100, ranking #285 among 996 U.S. counties. With job growth at +1.8% and a median household income of $118,527, it's an above-average county on economic indicators.

Is Monmouth County affordable?

The median home value in Monmouth County is $519,300 with median rent at $1,683/month. The income-to-home-value ratio is 0.2282, which is less affordable than the national average.

Is Monmouth County growing or shrinking?

Population growth: +0.1% year-over-year. Job growth: +1.8%. Home values changed +2.8% in the past 12 months.

Are people moving to Monmouth County?

Yes — 2.39% of Monmouth County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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