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These days, finding an affordable place to live in the Monmouth Beach area can be challenging. Home prices in Monmouth Beach are now at a median cost of $991,795, higher than the New Jersey average of $496,577.
The average cost of rent is $2,244/mo in Monmouth Beach, primarily driven by the current value of real estate in the Monmouth Beach area. In Monmouth Beach, 16.54% of households rent, and 46.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monmouth Beach is $13,445 per month. Households that rent pay about 16.69% of their income on rent here. Monmouth Beach’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sea Bright, NJ: equally priced homes
- Oceanport, NJ: less expensive homes
- Long Branch, NJ: less expensive homes
- Rumson, NJ: higher priced homes
- Little Silver, NJ: equally priced homes
- Fair Haven, NJ: equally priced homes
- West Long Branch, NJ: less expensive homes
- Fort Monmouth, NJ: less expensive homes
- Shrewsbury, NJ: less expensive homes
- Highlands, NJ: less expensive homes
Cities with Similar Populations
- Belews Creek, NC: less expensive homes
- Bellwood, PA: less expensive homes
- Black Creek, WI: less expensive homes
- Burlington, KS: less expensive homes
- Burt, MI: less expensive homes
- Cashton, WI: less expensive homes
- Monroe, UT: less expensive homes
- Lithopolis, OH: less expensive homes
- Newkirk, OK: less expensive homes
- North Shore, VA: less expensive homes
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