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Monmouth County, NJ

RANK #170 / 1001 NAT  ·  #3 / 21 NJ  ·  POP 645,353

1YR FORECAST: +3.0%

5YR OUTLOOK: +22%

#33 Safest
Our model projects Monmouth County's housing market to grow +3.0% over the next year, significantly outpacing the national average.

[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.

MARKET PROFILE

Educated Suburban Growth

Monmouth County is one of 110 U.S. counties in this market profile — stronger than typical on the BoomTown Index. Within this cohort, its recent home-price change of +6.5% runs above the profile's typical +2.4%.

See all 110 Educated Suburban Growth counties →

[02] Market Snapshot

Housing Ratio
18.8x

Overvalued relative to economy

Home Prices
+6.5%

Outpacing national median

Climate & Terrain
0.6

Moderate climate & terrain

Price/Rent
18x

Above national median (15x)

Housing looks overvalued at 18.8x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Hackensack Meridian Health Healthcare
    10,000+
  2. 2
    Saker ShopRites Inc. Retail
  3. 3
    Commvault Technology
    2,500+
  4. 4
    CentraState Healthcare Inc. Healthcare
  5. 5
    Visiting Nurse Association Health Group Healthcare
    1,000+
  6. 6
    RWJ Barnabas - Monmouth Medical Center Healthcare
  7. 7
    Trinity Solar Inc. Energy
  8. 8
    Monmouth University Education
  9. 9
    NJ Resources Energy
  10. 10
    Erickson Living - Seabrook Village Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Monmouth County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
645,353
+0.27% YoY
Median Household Income
$124,845
Median Home Value
$606,100
+6.46% 12mo
Median Rent
$1,827
Average Annual Pay
$74,435
+5.5% YoY
Employment
279,012
+1.8% YoY
Income-to-Home-Value
0.206
Near national average
Migration Inflow
2.42%
of pop. from another state
Bachelor's Degree+
51.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$727,495
Days on Market
19
Very hot — homes selling fast
Months of Supply
2.5
Seller's market
Sale-to-List Ratio
101.5%
Homes selling above asking
Sold Above List
48.3%
Listings w/ Price Drops
21.7%
Building Permits (2025)
2,138
Single-Family Permits
1,481

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

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
1.5
per 100K · nat avg 6.5
Firearm Fatalities
2.9
per 100K · nat avg 13.4
Injury Deaths
60.3
per 100K · nat avg 83.6
vs National Average
Well below national avg
based on homicide rate
10-Year Trend
Down 32% since 2015
homicide rate, 2015 → 2025

Source: Homicide rates from CDC/NCHS vital-statistics mortality data — a multi-year average that stabilizes counts in smaller counties — compiled in the County Health Rankings 2025 release. Rates per 100,000 population; U.S. average ≈ 6.5. Grade reflects homicide rate relative to the national average. Learn more →

See where Monmouth County stands nationally: safest large counties in America · highest homicide-rate counties · counties where safety is improving.

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
37.7
Good
Good Air Days
88%
663 of 750 days
Unhealthy+ Days (3yr)
8
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
36
2022
38
2023
39
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Score Breakdown

Population Growth +0.3% 34 percentile
Income Growth +1.7% 26 percentile
Vacancy Rate 0.8% 72 percentile
Home Price Change +6.5% 95 percentile
Rent Growth +3.8% 61 percentile
Price/Rent 18x 27 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

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

Monmouth County ranks #170 out of 1001 U.S. counties on the Boom Town Index with a score of 83/100, putting it in the top tier nationally. Job growth of +1.8% and a median household income of $124,845 point to a county with active economic momentum.

Is Monmouth County affordable?

Monmouth County leans toward the expensive side. A median home value of $606,100 against an income-to-home-value ratio of 0.21 means housing eats a bigger share of local earnings than the national norm. Renters face $1,827/month on average.

Is Monmouth County growing or shrinking?

Employers in Monmouth County are hiring — job growth of +1.8% — but the population is close to flat (+0.3% YoY). Home values moved +6.5% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Monmouth County?

There's a moderate stream of newcomers. About 2.42% of residents moved from another state, which is above average and suggests Monmouth County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Monmouth County?

Home values climbed +6.5% year-over-year, which is a solid pace of appreciation. The median home in Monmouth County is now valued at $606,100. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Cumberland County, NJ 91 Burlington County, NJ 75 Cape May County, NJ 95 Mercer County, NJ 69 Atlantic County, NJ 68 Sussex County, NJ 63 Lake County, IL 82 El Paso County, TX 84