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City · 5,902 residents · Monmouth County, New Jersey

Morganville , New Jersey

In Morganville, a typical home is worth $681,800 and typical rent is $2,692 a month. Compared with all of Monmouth County, typical rent is 47% higher, typical household income is 29% higher, and the share of households that own their home is 13 points higher.

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  • Typical home value

    $681,800

    12% above the county

    50% above New Jersey

    • Morganville
    • Monmouth
    • New Jersey

  • Typical rent

    $2,692a month

    47% above the county

    57% above New Jersey

    • Morganville
    • Monmouth
    • New Jersey

  • Typical household income

    $161,500a year

    29% above the county

    56% above New Jersey

    • Morganville
    • Monmouth
    • New Jersey

  • Households that own their home

    88%

    13 points above the county

    24 points above New Jersey

    • Morganville
    • Monmouth
    • New Jersey

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

Market now, with Zillow data

Zillow data
Typical home value
$880,115
5.2% more than 12 months ago
Typical rent
$3,464 a month

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

Morganville 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 Morganville apart

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

  1. Nearby, in Laurence Harbor, the typical home value is $306,700: 55% less than in Morganville ($681,800).

  2. Nearby, in Keyport, the typical rent is $1,458: 46% less than in Morganville ($2,692).

  3. The typical rent in Morganville is $2,692 a month, 47% more than in Monmouth County as a whole ($1,827).

  4. The typical household income in Morganville is $161,500, 29% more than in Monmouth County as a whole ($124,845).

  5. 88% of households in Morganville own their home, against 76% in Monmouth County.

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

The homes here

Housing in Morganville

What homes there are in Morganville, 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

Detached houses, standing on their own, make up 81% of homes here, against 66% in Monmouth County.

Year built

Here half of the homes date from 1994 or later; in Monmouth County, from 1975 or later.

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

$3,993 a month

Monmouth County: $3,070 a month

Without a mortgage

$1,401 a month

Monmouth County: $1,342 a month

Owners with a mortgage

65%

Monmouth County: 64%

The typical cost for an owner with a mortgage in Morganville is $3,993 a month, more than in Monmouth County ($3,070); without one, $1,401.

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 Morganville stayed about the same since 2015–2019: the Census sees no clear change.

The typical rent in Morganville stayed about the same over that time: the difference is within the Census margin of error.

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

MeasureMorganvilleMonmouth 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 Unreliable estimate1.9%4.0%3.4%
People per household 2.542.542.622.53
Drive alone 57%65%62%69%
Carpool Unreliable estimate8%8%9%
Public transit Unreliable estimate5%8%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 21%19%17%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

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

To get to work, 57% of workers in Morganville drive alone; in Monmouth County, 65%.

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 Morganville?

A typical home costs more than the typical income allows

We start with a typical home in Morganville, worth $681,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 44% of the typical household income in Morganville, which is $161,500 a year. For that payment to be 28% of income, a household would need to earn about $255,254 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 Morganville. 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 $23,863 (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

$5,956

at 7.18% · 30 years

Loan amount
$669,451
Total interest
$963,183
Paid off in
November 2056

Includes $11,514 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,768 a month

  • Tight

    $3,768 to $4,845 a month

  • Hard

    more than $4,845 a month

    Your payment · 44%

Compared with the typical household income in Morganville ($161,500 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,956
Principal & interest$4,535
Property tax$835
Home insurance$284
FHA mortgage insurance (MIP)$302

You need at least $23,863 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

Morganville and Monmouth County

Morganville 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).

Morganville's own numbers

Typical home value
$681,800
Typical monthly rent
$2,692
Typical yearly household income
$161,500
Households that own their home
88%
Effective property tax rate
1.47%

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 Morganville

A typical home in Morganville is worth $681,800: 12% above the county and 50% above New Jersey. With the typical household income in Morganville ($161,500 a year), a typical home costs 4.2 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.

  • Morganville 4.2 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

Morganville 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
  • Morganville $681,800
  • Monmouth $606,100
  • New Jersey $454,400
  • United States $332,700
Typical monthly rent
  • Morganville $2,692
  • Monmouth $1,827
  • New Jersey $1,720
  • United States $1,413
Typical yearly household income
  • Morganville $161,500
  • Monmouth $124,845
  • New Jersey $103,556
  • United States $80,734
See the full table
Morganville next to Monmouth County and New Jersey
Measure Morganville Monmouth County New Jersey U.S.
Typical home value $681,800 $606,100 $454,400 $332,700
Typical monthly rent $2,692 $1,827 $1,720 $1,413
Typical yearly household income $161,500 $124,845 $103,556 $80,734
Households that own their home 88% 76% 64% 65%
Typical yearly property tax $10,001 $10,001 $9,590 $3,119
Effective property tax rate 1.47% 1.65% 2.11% 0.94%

“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 Morganville

For a typical $681,800 home in Morganville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Morganville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $5,956a month

    Least cash to close
    Down payment
    $23,863
    Cash to close
    $44,317
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $302

  • Conventional, 5% down $5,831a month

    Down payment
    $34,090
    Cash to close
    $54,544
    Rate
    7.18%
    Mortgage insurance
    PMI · $324

  • Conventional, 20% down, no PMI $4,814a month

    Down payment
    $136,360
    Cash to close
    $156,814
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $5,445a month

    Down payment
    $102,270
    Cash to close
    $122,724
    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 Morganville and for Monmouth County.

Property tax

Effective rate in Morganville

1.47%of the home’s value each year

$10,001 a year for the typical owner in Morganville.

  • Morganville 1.47%
  • 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 Morganville

Typical rent in Morganville is $2,692 a month: 47% above the county.

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 Morganville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Morganville is in ZIP code 07751.

For 2 bedrooms it is $3,330: $1,047 more than the fair market rent for Monmouth County ($2,283).

  • 07751 $3,330$4,270

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Morganville 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?

Free help

Help to buy or rent in Morganville

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 man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Morganville

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

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

Housing counselors near Morganville

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

  • Navicore Solutions

    200 US Highway 9, Manalapan · 6 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 · 6 miles away · Spanish

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

  • Puerto Rican Action Board, Inc.

    754 Route 18, East Brunswick · 9 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (732) 832-7535

Every agency in Monmouth County All counseling agencies in New Jersey

Help in Spanish near Morganville

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 Morganville

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

11 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 Morganville, 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 Morganville.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Morganville

Short answers with the numbers for Morganville 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 Morganville?

The typical home value in Morganville is $681,800, 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 Morganville?

Typical rent in Morganville is $2,692 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 Morganville?

Morganville 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 Morganville?

The typical homeowner in Morganville pays $10,001 a year, according to the U.S. Census Bureau. That is 1.47% of the home’s value; in Monmouth County, the rate is 1.65%.

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

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).