36 / 100

Monmouth County, NJ

Middletown

RANK #634 / 996 NAT  ·  #13 / 21 NJ  ·  POP 643,064

1YR FORECAST: +2.2%

5YR OUTLOOK: +20%

Monmouth County's housing market is projected to grow +2.2% over the next year, below 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.

[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] 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

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
Bachelor's Degree+
49.9%
of residents (national avg: 33%)

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 →

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
1.5
per 100K · nat avg 6.3
Firearm Fatalities
2.9
per 100K · nat avg 14.8
Injury Deaths
60.3
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[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

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.

[08] Frequently Asked Questions

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

At 36/100, Monmouth County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $118,527 combined with job growth of +1.8% suggests the local economy is struggling to keep pace with national trends.

Is Monmouth County affordable?

Monmouth County leans toward the expensive side. A median home value of $519,300 against an income-to-home-value ratio of 0.23 means housing eats a bigger share of local earnings than the national norm. Renters face $1,683/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 (+0.1% YoY). Home values moved +2.8% 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 2.39% 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.

[09] Similar Counties by Size & Score

Burlington County, NJ 35 Warren County, NJ 35 Mercer County, NJ 30 Essex County, NJ 43 Cumberland County, NJ 44 Somerset County, NJ 28 El Paso County, TX 36 Volusia County, FL 37