HousingHandbookReference data

U.S. ZIP Code · NJ07704

Monmouth County · New York-Newark-Jersey City, NY-NJ

Typical home value

$1,511,867[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.3%
5-year / yr
+8.8%
10-year / yr
+6.7%

Relative price

vs U.S.
+432.2%
vs metro
+107.2%
vs state
+165.5%
ZIP 07704 location in NJ
Location of ZIP 07704 in NJ

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 07704 is worth $1,511,867 — 107.2% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 4.3%. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.5%[3]
Typical annual tax
$22,424[3]

#Climate risk

FEMA National Risk Index ratings for Monmouth County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Relatively High
Wildfire
Relatively Low
Drought
Relatively Moderate
Heat wave
Relatively High
Hurricane
Relatively Moderate
Tornado
Relatively Low
Earthquake
Relatively Moderate
Winter weather
Very High

#Who lives here

Population
6,170[3]
Median household income
$250,001[3]

#Migration

Household moves in and out of Monmouth County over a year, from IRS tax-return data.

Net migration
-1,755[5]
Moved in
13,705
Moved out
15,460

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
2
Elementary
1
Middle
1
High
0
  • Knollwood School

    Middle · Grades 4–8 · Fair Haven School District

    504 students

  • Viola L Sickles School

    Elementary · Grades PK–3 · Fair Haven School District

    452 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$7,645
Loan principal$1,209,493
Down payment$302,373
Total interest paid$1,542,642

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$10,769
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
95th percentile[1]
Rental yield
[2]
Property tax
34th percentile[3]

Frequently asked

How much is a home worth in ZIP code 07704?
The typical home in 07704 is worth $1,511,867, based on the Zillow Home Value Index.
Are home values rising in 07704?
Home values in 07704 are up 4.3% over the past year, and up 8.8% a year over five years.
What is the property tax rate in 07704?
The effective property tax rate in 07704 is 1.5% — roughly $22,424 a year on a typical home.
Who lives in 07704?
ZIP code 07704 has a population of 6,170 and a median household income of $250,001.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Scarsdale, NY

    Typical home
    $1,516,237
    Gross yield
  • Demarest, NJ

    Typical home
    $1,521,253
    Gross yield
  • NY

    Typical home
    $1,528,207
    Gross yield
  • Orient CDP, NY

    Typical home
    $1,528,804
    Gross yield
  • Woodbury CDP, NY

    Typical home
    $1,494,018
    Gross yield
    2.9%
  • Great Neck, NY

    Typical home
    $1,489,650
    Gross yield

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