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County in New Jersey

Monmouth County, New Jersey

Monmouth County, in New Jersey, has 645,353 residents: No. 6 of 21 by population. Monmouth County has an FHA limit of $1,249,125 for one-unit homes. The typical home value here is $606,100. HUD's Fair Market Rent for a 2-bedroom apartment is $2,283 a month; to pay it without spending more than 30% of your income, you need to earn about $43.90 an hour.

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  • Typical home price

    $606,100

    +33% vs. New Jersey +82% vs. U.S.

    Half of owner-occupied homes are worth more and half are worth less.

    • Monmouth
    • New Jersey
    • United States

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

  • Fair market rent, 2 bedrooms

    $2,283 a month

    Same as New Jersey +30% vs. U.S.

    HUD's reference rent for a two-bedroom apartment, with basic utilities.

    • Monmouth
    • New Jersey
    • United States

    Source: HUD, Fiscal year 2027

  • FHA limit 2026, 1 unit

    $1,249,125

    FHA high-cost area

    The most you can borrow with an FHA loan for a one-unit home here.

    • Monmouth
    • Floor
    • Ceiling

    Source: HUD, 2026 data

  • Property tax

    1.65% of value per year

    −22% vs. New Jersey +76% vs. U.S.

    $10,001 a year for the typical owner

    • Monmouth
    • New Jersey
    • United States

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

Market now, with Zillow data

Zillow data
Typical home value
$786,951
7.2% more than 12 months ago
Typical rent
$2,827 a month
4.4% more than 12 months ago

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

Data from October 2026

In short

What is housing like in Monmouth County today?

The monthly payment on a typical home with FHA would be about $5,386, that is, 52% of the typical household income in Monmouth County. For that payment to be 28% of income, a household would need to earn about $230,810 a year; the typical income here is $124,845. Homes here are worth 33% more than the average across New Jersey. Here 76% of households live in a home they own; across New Jersey it is 64%. This is a high-cost area for FHA: the limit is above the national floor.

Renting is a stretch: 53% of renters put 30% or more of their income toward housing.

Sources: U.S. Census Bureau (Average 2020–2024); HUD (2026 data).

Only here

What sets Monmouth County apart

  1. Monmouth County has the highest typical home value in its area: $606,100, more than any of its 6 neighboring counties; next is Somerset County ($552,100).

  2. Monmouth County has the 2nd highest typical home value of the 21 counties in New Jersey ($606,100).

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Monmouth County rose 7.2%; in New Jersey, it rose 4%.

  4. 7% of homes in Monmouth County (14,605) are in FEMA's high-risk flood zone, and only 70% of those carry NFIP flood insurance.

  5. From 2020 to 2025, home prices in Monmouth County rose 64% on FHFA's index, about the same as in New Jersey (63%).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data); FEMA (As of August 3, 2026); FHFA (2025 data). Zillow data

The homes here

Housing in Monmouth County

What homes there are in Monmouth County, 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 rules in Monmouth County: 66% of homes, more than in New Jersey (53%).

Year built

Homes in Monmouth County are newer: the typical year built is 1975; in New Jersey, 1970.

Homes in Monmouth County are bigger: 65% have 3 bedrooms or more; in New Jersey, 57%.

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

At least 86% of owner-occupied homes in Monmouth County are worth less than $1,000,000, below the FHA loan limit for this county ($1,249,125).

Monthly rent with utilities

By rent, most homes in Monmouth County cost less than HUD's 2-bedroom fair market rent ($2,283): about 70%.

With a mortgage

$3,070 a month

New Jersey: $2,829 a month

Without a mortgage

$1,342 a month

New Jersey: $1,232 a month

Owners with a mortgage

64%

New Jersey: 64%

In Monmouth County, 64% of owners have a mortgage, and their typical cost is $3,070 a month, against $2,829 in New Jersey. Without one it drops to $1,342.

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

The typical home value in Monmouth County rose 44% since 2015–2019, more than in New Jersey (35%).

Much as in New Jersey, the typical rent in Monmouth County rose 31% since 2015–2019.

The typical household income in Monmouth County rose 25%: less than home values (+44%) and rent (+31%).

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

MeasureMonmouth CountyNew JerseyUnited States
Rental vacancy 4.2%3.5%5.5%
Homeowner vacancy 0.7%0.7%0.9%
More than one person per room 1.9%4.0%3.4%
People per household 2.542.622.53
Drive alone 65%62%69%
Carpool 8%8%9%
Public transit 5%8%3%
Walk or bike 2%3%3%
Work from home 19%17%15%
Other means 2%2%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Monmouth County, the rental vacancy rate is 4.2%, about the same as in New Jersey.

More than one person per room: that is how 1.9% of households in Monmouth County live, less than in New Jersey (4.0%).

A household in Monmouth County has 2.54 people on average, about the same as in New Jersey (2.62).

To get to work, 65% of workers in Monmouth County drive alone; in New Jersey, 62%.

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 in Monmouth County?

A typical home costs more than the typical income allows

We start with a typical home of $606,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 52% of the typical household income here, which is $124,845 a year. For that payment to be 28% of income, a household would need to earn about $230,810 a year.

Your numbers

Local data
$

Starts at the typical home value in Monmouth County. 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 $21,214 (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

$5,386

at 7.18% · 30 years

Loan amount
$595,122
Total interest
$856,240
Paid off in
November 2056

Includes $10,236 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,913 a month

  • Tight

    $2,913 to $3,745 a month

  • Hard

    more than $3,745 a month

    Your payment · 52%

Compared with the typical household income in Monmouth County ($124,845 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,386
Principal & interest$4,032
Property tax$833
Home insurance$253
FHA mortgage insurance (MIP)$268

You need at least $21,214 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.

Buying a home

Buying a home in Monmouth County

Here you'll see how prices have changed, how Monmouth County compares with New Jersey and the country, and what you'd pay each month with four kinds of loans.

How have home prices changed?

According to the FHFA House Price Index, home prices in Monmouth County rose 94% in the 10 years through 2025. FHFA's index follows the price of the same homes over the years.

Period Here New Jersey United States
In 2025 +6.2% +6.2% +2.9%
5 years (2020–2025) +64% +63% +47%
10 years (2015–2025) +94% +88% +85%
See each year's change

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

Monmouth County compared with New Jersey and the United States

Home value, rent and household income, side by side. "Typical" is the median: half are above it and half below.

Typical home value
  • Monmouth $606,100
  • New Jersey $454,400
  • United States $332,700
Typical rent a month
  • Monmouth $1,827
  • New Jersey $1,720
  • United States $1,413
Typical household income a year
  • Monmouth $124,845
  • New Jersey $103,556
  • United States $80,734
See the full table
Monmouth compared with New Jersey and the United States
MeasureHereNew JerseyU.S.
Residents645,3539,343,809334,922,499
Typical home value$606,100$454,400$332,700
Typical household income$124,845$103,556$80,734
Typical rent$1,827$1,720$1,413
Fair Market Rent (2 bedrooms)$2,283$2,268$1,750
Hourly wage to rent a 2-bedroom$43.90$43.62$33.65
Typical property tax$10,001$9,590$3,119
Effective tax rate1.65%2.11%0.94%
Households that own their home76%64%65%
Renters spending 30% or more on rent53%52%51%
FHA limit (1 unit)*$1,249,125$1,249,125$541,287

FHA limit: New Jersey shows the median of its counties; the United States, the national floor. Download CSV

Four ways to pay for a typical home in Monmouth County

For a typical $606,100 home at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, the county's property tax, an example homeowners insurance and mortgage insurance when it applies.

Loan Monthly payment Down payment Loan amount Rate Mortgage insurance Cash to close Minimum score
FHA, 3.5% down $5,386 $21,214 $595,122 7.18% FHA MIP · $268 $39,397 580
Conventional, 5% down $5,274 $30,305 $575,795 7.18% PMI · $288 $48,488 620*
Conventional, 20% down, no PMI $4,371 $121,220 $484,880 7.18% None $139,403 620*
ITIN, 15% down (example) $4,931 $90,915 $515,185 8.18% None $109,098 Set by the lender
  • 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.

Everything about buying in Monmouth County: income, limits and help How much house can I afford? Closing costs

Loan limits

This is a high-cost area, so FHA limits in Monmouth County are above the national floor. The limit is set for the whole metro area (New York-Newark-Jersey City, NY-NJ). If the loan you need is above these amounts, it doesn't fit FHA or it becomes a "jumbo" loan.

VA loans. If you have full VA entitlement, VA doesn't cap the loan amount. If you've used part of your entitlement, the calculation uses the county limit ($1,209,750 for one unit). VA loan limits (va.gov)

USDA loans. They're for homes in eligible rural areas and households with incomes within USDA's limit. Check whether the address and your income qualify on the official site. USDA eligibility (usda.gov)

Home type FHA limit Conforming limit
1 unit $1,249,125 $1,209,750
2 units $1,599,375 $1,548,975
3 units $1,933,200 $1,872,225
4 units $2,402,625 $2,326,875

Source: HUD, 2026 data · Source: FHFA, 2026 data

Taxes and risks

Property tax and flooding in Monmouth County

Two costs that change a lot from place to place and that a house payment does include: property tax and, in risk zones, flood insurance.

Property tax

In Monmouth County, the typical owner pays $10,001 a year: about 1.65% of the home's value. That is less than the rest of New Jersey and more than the national average.

  • Monmouth 1.65%
  • New Jersey 2.11%
  • United States 0.94%

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

Exemptions and deadlines in New Jersey

Is there a flood risk?

According to FEMA, in Monmouth County 7.4% of homes (14,605) are in a high-risk flood zone. Of those homes, 70% have NFIP flood insurance.

  • A high-risk zone (Special Flood Hazard Area) has a 1% or greater chance of flooding each year. (44 CFR 59.1)
  • If the home is in that zone and the loan comes from a regulated lender, federal law requires flood insurance for the life of the loan, in communities that take part in the NFIP. (42 U.S.C. 4012a)
  • Most homeowners insurance does not cover flood damage. (FEMA, FloodSmart)

Source: FEMA, As of August 3, 2026

Look up your address on FEMA’s map

Owning a home here

Owning a home in Monmouth County

The natural hazards FEMA measures in Monmouth County, a maintenance plan for your climate and what the trades earn in your area.

Risks to your home

FEMA, National Risk Index 1.20.0 (December 2025)

In Monmouth County, FEMA rates the natural hazard risk as relatively high.

That rating combines the loss FEMA expects with social vulnerability and community resilience.

In all, FEMA estimates natural hazards cause about $282 million in losses a year in Monmouth County, across buildings, people and crops.

The hazard that would do the most damage to homes and buildings here is inland flooding: about $108 million a year.

Loss FEMA expects each year to homes and buildings, by hazard
  1. Inland floodingRelatively high $108 million a year
  2. HurricaneRelatively moderate $15.8 million a year
  3. EarthquakeRelatively moderate $10.5 million a year
  4. Coastal floodingRelatively high $7.3 million a year
  5. TornadoRelatively low $1.3 million a year

What it means for your home

The ratings are FEMA's own. FEMA says its data is meant for planning and does not replace a local study. Drought is not shown: FEMA counts its loss in crops only.

National Risk Index, version 1.20.0 (December 2025), retrieved November 6, 2026

FEMA notice: This product uses the Federal Emergency Management Agency's National Risk Index dataset API or downloadable datasets but is not endorsed by FEMA. The Federal Government or FEMA cannot vouch for the data or analyses derived from these data after the data have been retrieved from the Agency's website(s).

Climate and upkeep

Department of Energy (PNNL), 2021 IECC zones

The home energy code (IECC) puts Monmouth County in zone 4A: mixed and humid.

The zone's number says how hot or cold it gets; the letter says how humid: A is moist, B is dry and C is marine.

  • Spring

    • Book the air conditioner's check-up before the heat: ENERGY STAR advises checking the cooling system in the spring, because contractors get busy once summer comes. ENERGY STAR (EPA)
    • Clean and repair the roof gutters. EPA

  • Summer

    • Keep indoor humidity below 60 % (ideally between 30 % and 50 %). A humidity meter is inexpensive and sold at hardware stores. EPA
    • Keep the air conditioner's drip pan clean and its drain line flowing: a plugged drain can cause water damage in the house. ENERGY STAR (EPA)

  • Fall

    • Book the heating check-up in the fall. If it runs on gas or oil, the technician should check the connections: faulty ones are a fire hazard. ENERGY STAR (EPA)
    • Look for drafts at windows and doors: close the window on a piece of paper; if it moves back and forth easily, it needs thicker weather stripping. ENERGY STAR (EPA)

  • Winter

    • Get the house ready for the cold with insulation, caulking and weather stripping, and learn how to keep pipes from freezing. Ready.gov (FEMA)
    • Seal the air ducts that run through the attic, crawlspace, basement or garage with duct mastic or foil tape, then wrap them in insulation. ENERGY STAR (EPA)

All year

  • Check the air filter every month, especially in heavy-use months. If it looks dirty, change it; change it at least every 3 months. ENERGY STAR (EPA)
  • Test the smoke alarms every month and replace their batteries at least once a year. USFA (FEMA)

Each task comes from the official page beside it. The spring air-conditioning and fall heating check-ups are the timing ENERGY STAR advises; the rest is a suggested order.

Climate zones by county, 2021 IECC

What the trades charge here

BLS, wages for May 2025

TradeTypical hourly wage8 in 10 earn between
Electricians$37.99$22.20 and $63.54
Plumbers, pipefitters and steamfitters$37.79$23.02 and $69.94
Heating, air conditioning and refrigeration mechanics$37.50$24.37 and $52.30
Roofers$36.73$23.19 and $50.25
Carpenters$35.72$22.53 and $59.52
Painters, construction and maintenance$29.53$21.83 and $53.63
Maintenance and repair workers, general$28.63$17.98 and $42.33

According to BLS, an electrician earns about $37.99 an hour in the New York-Newark-Jersey City, NY-NJ area; a plumber, about $37.79.

These are workers' hourly wages, not the price of a job.

Need help paying for a repair?

Renting

Renting in Monmouth County

The typical rent in Monmouth County is $1,827 a month. HUD also publishes a “fair market rent” by unit size: it's the one programs like Section 8 use.

53% of renter households in Monmouth County spend 30% or more of their income on housing. 28% spend half or more.

Fair market rent by size

To pay the fair market rent without spending more than 30% of income, working full time (40 hours a week).

Size Fair rent a month Hourly wage Income needed per year
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

Free help in Monmouth County

Programs and counseling in Monmouth County

There are 3 HUD-approved housing counseling agencies in Monmouth County. They can help you get ready to buy, with your credit, with rent, or if you've fallen behind on payments.

Official programs for the down payment and loans for buyers. Check which ones you might qualify for with your income and your county.

A father holds his baby and his young son by a white picket fence.

HUD counseling is free or low-cost

New Jersey down payment programs

  1. NJHMFA Down Payment Assistance Program

    NJHMFA second loan with no interest, forgiven after five years, for first-time buyers in New Jersey

    First-time buyers only. Run by New Jersey Housing and Mortgage Finance Agency (NJHMFA).

    Forgivable Verified November 5, 2026

  2. NJHMFA First Generation Down Payment Assistance Program

    Extra NJHMFA assistance for first-time buyers whose parents have never owned a home (or who were in foster care in New Jersey)

    First-time buyers only. Run by New Jersey Housing and Mortgage Finance Agency (NJHMFA).

    Forgivable Verified November 5, 2026

Which programs do I qualify for? See all New Jersey programs

Help in Spanish in Monmouth County

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.

Public housing agencies

They run public housing and Section 8 vouchers (Housing Choice Vouchers) in this county.

Free legal help

If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.

Find legal aid (lsc.gov)

Housing counseling nearby

These agencies have an office in Monmouth County. The full list is on the New Jersey counselors page. Official HUD list. Confirm hours and fees with the agency before you go.

  • Affordable Housing Alliance, Inc.

    11 White St, Eatontown · Spanish

    Also serves in Czech, Polish, and Russian.

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

  • Navicore Solutions

    200 US Highway 9, Manalapan · Spanish

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

  • Navicore Solutions - Manalapan, NJ

    200 US Highway 9, Manalapan · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (732) 409-6281
See every agency in New Jersey

Places

Cities in Monmouth County

Each city has its own page with prices, rents and help. These are the largest.

See all 25 cities of Monmouth County

Nearby counties

Each row compares its typical value, typical rent and FHA limit with Monmouth County.

Read next

Guides that help here

We picked them by this county's numbers: what weighs most here is what's worth understanding first.

Frequently asked questions

What is the FHA loan limit in Monmouth County in 2026?

Monmouth County has an FHA limit of $1,249,125 for a one-unit home. For 2 units it's $1,599,375, for 3 it's $1,933,200 and for 4 it's $2,402,625. It's a high-cost area, so the limit is above the national floor.

What is the conforming loan limit in Monmouth County?

Monmouth County has a conforming limit of $1,209,750 for one-unit conventional loans in 2026. A bigger loan is a “jumbo” loan.

How much does a typical home cost in Monmouth County?

The typical home value in Monmouth County is $606,100 (Average 2020–2024, U.S. Census). Across New Jersey it's $454,400.

How much does it cost to rent in Monmouth County?

Monmouth County has a typical rent of $1,827 a month (Average 2020–2024, U.S. Census). HUD's fair market rent for a 2-bedroom apartment is $2,283 (Fiscal year 2027).

How much do you need to earn to rent a 2-bedroom apartment in Monmouth County?

About $43.90 an hour working full time (2,080 hours a year), or $91,320 a year, so the fair market rent of $2,283 stays under 30% of income.

Sources: American Community Survey (Average 2020–2024); FHA mortgage limits (2026 data); Conforming loan limits (2026 data); Fair Market Rents (Fiscal year 2027); Income Limits (Fiscal year 2026); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (As of November 5, 2026); FHFA House Price Index (2025 data); Homes with flood insurance (As of August 3, 2026); National Risk Index (2025 data); IECC climate zones by county (2021 data); Occupational Employment and Wage Statistics (2025 data); Census Bureau cartographic boundary files (2024 data).