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City · 12,507 residents · Monmouth County, New Jersey

Freehold , New Jersey

In Freehold, a typical home is worth $416,800 and typical rent is $1,832 a month. Compared with all of Monmouth County, typical household income is 31% lower, the typical home value is 31% lower, and the share of households that own their home is 22 points lower.

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  • Typical home value

    $416,800

    31% below the county

    8% below New Jersey

    • Freehold
    • Monmouth
    • New Jersey

  • Typical rent

    $1,832a month

    About the same as the county

    7% above New Jersey

    • Freehold
    • Monmouth
    • New Jersey

  • Typical household income

    $85,707a year

    31% below the county

    17% below New Jersey

    • Freehold
    • Monmouth
    • New Jersey

  • Households that own their home

    54%

    22 points below the county

    10 points below New Jersey

    • Freehold
    • Monmouth
    • New Jersey

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$649,139
5.3% more than 12 months ago
Typical rent
$2,901 a month
2.9% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Freehold is in Monmouth County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Monmouth County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Freehold apart

What this place has that others do not, from public data, most unusual first.

  1. 54% of households in Freehold own their home, against 76% in Monmouth County.

  2. The typical household income in Freehold is $85,707, 31% less than in Monmouth County as a whole ($124,845).

  3. The typical home in Freehold is worth $416,800, 31% less than in Monmouth County as a whole ($606,100).

  4. 10% of households in Freehold have no internet at home (4% in Monmouth County).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Freehold

What homes there are in Freehold, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Freehold, but it weighs less than in Monmouth County: 54% against 66%.

Year built

The typical home in Freehold was built in 1960, 15 years before the typical one in Monmouth County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,577 a month

Monmouth County: $3,070 a month

Without a mortgage

$1,143 a month

Monmouth County: $1,342 a month

Owners with a mortgage

60%

Monmouth County: 64%

Owning costs less in Freehold: with a mortgage, the typical cost is $2,577 a month; in Monmouth County, $3,070. Without one, $1,143.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Monmouth County, the typical home value in Freehold rose 43% since 2015–2019.

Rents in Freehold rose more slowly than in Monmouth County: 26% since 2015–2019, against 31%.

While home values in Freehold changed +43% and rent +26%, the typical household income rose 40%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFreeholdMonmouth CountyNew JerseyUnited States
Rental vacancy Unreliable estimate4.2%3.5%5.5%
Homeowner vacancy Unreliable estimate0.7%0.7%0.9%
More than one person per room 11.9%1.9%4.0%3.4%
People per household 2.962.542.622.53
Drive alone 59%65%62%69%
Carpool 16%8%8%9%
Public transit 4%5%8%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 9%19%17%15%
Other means 5%2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

More than one person per room: that is how 11.9% of households in Freehold live, more than in Monmouth County (1.9%).

Households in Freehold are bigger: 2.96 people on average; in Monmouth County, 2.54.

More people carpool to work in Freehold than in Monmouth County: 16% against 8%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Freehold?

A typical home costs more than the typical income allows

We start with a typical home in Freehold, worth $416,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 54% of the typical household income in Freehold, which is $85,707 a year. For that payment to be 28% of income, a household would need to earn about $165,719 a year.

The calculator's FHA and conventional loan limits are those of all of Monmouth County.

Your numbers

Local data
$

Starts at the typical home value in Freehold. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,588 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,867

at 7.18% · 30 years

Loan amount
$409,251
Total interest
$588,816
Paid off in
November 2056

Includes $7,039 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,000 a month

  • Tight

    $2,000 to $2,571 a month

  • Hard

    more than $2,571 a month

    Your payment · 54%

Compared with the typical household income in Freehold ($85,707 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,867
Principal & interest$2,772
Property tax$736
Home insurance$174
FHA mortgage insurance (MIP)$184

You need at least $14,588 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Freehold and Monmouth County

Freehold is in Monmouth County, New Jersey. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Freehold's own numbers

Typical home value
$416,800
Typical monthly rent
$1,832
Typical yearly household income
$85,707
Households that own their home
54%
Effective property tax rate
2.12%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Monmouth County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,209,750
HUD fair market rent, 2 bedrooms
$2,283
Price change over 5 years (FHFA)
+64%
Homes in a high flood-risk zone
7.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Monmouth County.

Everything about Monmouth County

Buying

Buying a home in Freehold

A typical home in Freehold is worth $416,800: 31% below the county and 8% below New Jersey. With the typical household income in Freehold ($85,707 a year), a typical home costs 4.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Freehold 4.9 years
  • Monmouth 4.9 years
  • New Jersey 4.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Monmouth County

According to FHFA’s house price index, home prices in Monmouth County rose 94% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Monmouth County.

Period County New Jersey U.S.
Last year (2025) +6.2% +6.2% +2.9%
5 years (2020–2025) +64% +63% +47%
10 years (2015–2025) +94% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Freehold next to Monmouth County, New Jersey and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Freehold $416,800
  • Monmouth $606,100
  • New Jersey $454,400
  • United States $332,700
Typical monthly rent
  • Freehold $1,832
  • Monmouth $1,827
  • New Jersey $1,720
  • United States $1,413
Typical yearly household income
  • Freehold $85,707
  • Monmouth $124,845
  • New Jersey $103,556
  • United States $80,734
See the full table
Freehold next to Monmouth County and New Jersey
Measure Freehold Monmouth County New Jersey U.S.
Typical home value $416,800 $606,100 $454,400 $332,700
Typical monthly rent $1,832 $1,827 $1,720 $1,413
Typical yearly household income $85,707 $124,845 $103,556 $80,734
Households that own their home 54% 76% 64% 65%
Typical yearly property tax $8,830 $10,001 $9,590 $3,119
Effective property tax rate 2.12% 1.65% 2.11% 0.94%
Renters with high rent for their income 54% 53% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Monmouth County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Freehold

For a typical $416,800 home in Freehold, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Freehold's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,867a month

    Least cash to close
    Down payment
    $14,588
    Cash to close
    $27,092
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $184

  • Conventional, 5% down $3,790a month

    Down payment
    $20,840
    Cash to close
    $33,344
    Rate
    7.18%
    Mortgage insurance
    PMI · $198

  • Conventional, 20% down, no PMI $3,169a month

    Down payment
    $83,360
    Cash to close
    $95,864
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,554a month

    Down payment
    $62,520
    Cash to close
    $75,024
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Freehold and for Monmouth County.

Property tax

Effective rate in Freehold

2.12%of the home’s value each year

$8,830 a year for the typical owner in Freehold.

  • Freehold 2.12%
  • Monmouth 1.65%
  • New Jersey 2.11%

What New Jersey publishes ANCHOR, Senior Freeze and Stay NJ: one combined application (New Jersey Division of Taxation)

Exemptions and deadlines in New Jersey

Flood risk in Monmouth County

FEMA does not publish these numbers by city: they are for all of Monmouth County.

Homes in the high-risk zone
7.4%
14,605
Of those, with NFIP insurance
70%
County New Jersey U.S.
Homes in the high-risk zone 7.4% 6.7% 3.5%
Of those, with NFIP insurance 70% 63% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Freehold

Typical rent in Freehold is $1,832 a month: about the same as the county. In Freehold, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Monmouth County, by unit size. To pay the 2-bedroom one ($2,283 a month) without spending more than 30% of your income, you would need to earn $43.90 an hour working full time.

HUD fair market rent for all of Monmouth County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,671 $32.13 $66,840
1 bedroom $1,847 $35.52 $73,880
2 bedrooms $2,283 $43.90 $91,320
3 bedrooms $2,927 $56.29 $117,080
4 bedrooms $3,241 $62.33 $129,640

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Freehold

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Freehold is in ZIP code 07728.

For 2 bedrooms it is $2,430: $147 more than the fair market rent for Monmouth County ($2,283).

  • 07728 $2,430$3,120

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Freehold when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Freehold

HUD lists 16 buildings with rents for lower incomes in Freehold. These are the largest.

  • Freehold Senior Citizen 40 Hudson St, Freehold 07728 164 homes, 163 low-income · For older adults (732) 431-4880
  • Elton Corner Senior Housing 895 Elton Adelphia Rd, Freehold 149 low-income homes · In service since 2005
  • Rug Mill Families 40 Jackson St, Freehold 104 low-income homes · In service since 2000
  • Rug Mill Seniors 30 Jackson St, Freehold 98 low-income homes · In service since 2000
  • The Presbyterian Home at Howell, Inc 720 Route 9 S, Freehold 07728 86 homes, 85 low-income · For older adults

See all 169 buildings in Monmouth County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Freehold

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Monmouth County; 3 say they serve in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Freehold

No down payment, repair or rent-help program on our list is for Freehold or Monmouth County. The ones below are statewide in New Jersey: they work in Freehold the same as in the rest of the state.

Which programs do I qualify for? All programs in New Jersey

Housing counselors near Freehold

The HUD-approved agencies closest to the center of Freehold, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Navicore Solutions

    200 US Highway 9, Manalapan · 3 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (732) 409-6281

  • Navicore Solutions - Manalapan, NJ

    200 US Highway 9, Manalapan · 3 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (732) 409-6281

  • Affordable Housing Alliance, Inc.

    11 White St, Eatontown · 12 miles away · Spanish

    Also serves in Czech, Polish, and Russian.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (732) 389-2958

Every agency in Monmouth County All counseling agencies in New Jersey

Help in Spanish near Freehold

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Freehold

HUD’s record names them for Freehold or Monmouth County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

10 other authorities have an office in Monmouth County: see the list Source: HUD

Cities

Other cities in Monmouth County

These cities are also in Monmouth County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Monmouth County Housing in New Jersey
See 12 more cities in Monmouth County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Freehold, with the typical home value.

Neighboring counties

If Monmouth County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Freehold.

All guides
A man and two girls read a book together on the sofa.

Questions

Housing questions about Freehold

Short answers with the numbers for Freehold and all of Monmouth County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Freehold?

The typical home value in Freehold is $416,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Monmouth County it is $606,100.

How much does it cost to rent in Freehold?

Typical rent in Freehold is $1,832 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Monmouth County is $2,283.

What is the FHA loan limit in Freehold?

Freehold uses the FHA limit for all of Monmouth County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Freehold?

The typical homeowner in Freehold pays $8,830 a year, according to the U.S. Census Bureau. That is 2.12% of the home’s value; in Monmouth County, the rate is 1.65%.

Where can I find free help to buy or rent in Freehold?

There are 3 HUD-approved counseling agencies with an office in Monmouth County. 3 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).