HousingHandbookReference data

U.S. ZIP Code · NJ07720

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

Typical home value

$1,098,143[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.2%
5-year / yr
+8.1%
10-year / yr
+7.8%

Relative price

vs U.S.
+286.6%
vs metro
+50.5%
vs state
+92.8%
ZIP 07720 location in NJ
Location of ZIP 07720 in NJ

Price history

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

The typical home in 07720 is worth $1,098,143 — 50.5% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 5.2%. Homes here rent for a typical $2,625 a month — a 2.9% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent
$2,625[2]
Gross yield
2.9%[2]
Cap rate
1.7%[2]

#Property tax

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

Effective tax rate
0.9%[3]
Typical annual tax
$10,392[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
4,158[3]
Median household income
$97,005[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
1
Elementary
1
Middle
0
High
0
  • Bradley Beach Elementary School

    Elementary · Grades PK–8 · Bradley Beach School District

    196 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 yield2.9%
Net yield (after ~40% expenses)1.7%
Annual rent$31,500

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$5,553
Loan principal$878,514
Down payment$219,629
Total interest paid$1,120,497

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 ratio2.80
Monthly cost to own$7,337
Monthly rent$2,625

Renting is meaningfully cheaper month-to-month.

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
90th percentile[1]
Rental yield
3rd percentile[2]
Property tax
24th percentile[3]

Frequently asked

How much is a home worth in ZIP code 07720?
The typical home in 07720 is worth $1,098,143, based on the Zillow Home Value Index.
Are home values rising in 07720?
Home values in 07720 are up 5.2% over the past year, and up 8.1% a year over five years.
What is the typical rent in 07720?
A typical home in 07720 rents for about $2,625 a month, a gross rental yield of 2.9%.
What is the property tax rate in 07720?
The effective property tax rate in 07720 is 0.9% — roughly $10,392 a year on a typical home.
Who lives in 07720?
ZIP code 07720 has a population of 4,158 and a median household income of $97,005.

#Comparable ZIPs

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

  • Green Village CDP, NJ

    Typical home
    $1,099,095
    Gross yield
  • NJ

    Typical home
    $1,095,476
    Gross yield
    4.8%
  • Golden's Bridge CDP, NY

    Typical home
    $1,093,732
    Gross yield
  • NJ

    Typical home
    $1,091,976
    Gross yield
  • New York, NY

    Typical home
    $1,104,466
    Gross yield
    4.8%
  • Sea Cliff, NY

    Typical home
    $1,105,925
    Gross yield
    2.4%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 07720 against any other ZIP — full side-by-side table.

Compare 07720

#Jump to section