How much is a home worth in ZIP code 07724?

The typical home in 07724 is worth $686,285, based on the Zillow Home Value Index.

Are home values rising in 07724?

Home values in 07724 are up 5.3% over the past year, and up 7.6% a year over five years.

What is the typical rent in 07724?

A typical home in 07724 rents for about $2,248 a month, a gross rental yield of 3.9%.

What is the property tax rate in 07724?

The effective property tax rate in 07724 is 1.6% — roughly $11,190 a year on a typical home.

ZIP code 07724 has a population of 24,016 and a median household income of $102,756.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07724

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

Typical home value

$686,285^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.3%
5-year / yr: +7.6%
10-year / yr: +6.6%

Relative price

vs U.S.: +141.6%
vs metro: -5.9%
vs state: +20.5%

Price history

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

The typical home in 07724 is worth $686,285 — 5.9% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 5.3%. Homes here rent for a typical $2,248 a month — a 3.9% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

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

Monthly rent: $2,248^[2]
Gross yield: 3.9%^[2]
Cap rate: 2.4%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $11,190^[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: 24,016^[3]
Median household income: $102,756^[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: 8
Elementary: 4
Middle: 3
High: 1

Monmouth Regional High School
High · Grades 9–12 · Monmouth Regional High School
923 students
Mahala F. Atchison School
Elementary · Grades PK–2 · Tinton Falls School District
479 students
Tinton Falls Middle School
Middle · Grades 6–8 · Tinton Falls School District
462 students
Swimming River School
Elementary · Grades 3–5 · Tinton Falls School District
423 students
Woodmere
Elementary · Grades 2–4 · Eatontown Public School District
323 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.

Home value$Monthly rent$

Gross yield3.9%

Net yield (after ~40% expenses)2.4%

Annual rent$26,975

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,470

Loan principal$549,028

Down payment$137,257

Total interest paid$700,255

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.21

Monthly cost to own$4,974

Monthly rent$2,248

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: 84th percentile^[1]
Rental yield: 19th percentile^[2]
Property tax: 43rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07724?: The typical home in 07724 is worth $686,285, based on the Zillow Home Value Index.
Are home values rising in 07724?: Home values in 07724 are up 5.3% over the past year, and up 7.6% a year over five years.
What is the typical rent in 07724?: A typical home in 07724 rents for about $2,248 a month, a gross rental yield of 3.9%.
What is the property tax rate in 07724?: The effective property tax rate in 07724 is 1.6% — roughly $11,190 a year on a typical home.
Who lives in 07724?: ZIP code 07724 has a population of 24,016 and a median household income of $102,756.

#Comparable ZIPs

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

11236 vs 07724 →
New York, NY
Typical home
$686,752
Gross yield
5.7%
07027 vs 07724 →
Garwood, NJ
Typical home
$687,002
Gross yield
—
10469
New York, NY
Typical home
$685,425
Gross yield
5.0%
10986
NY
Typical home
$687,461
Gross yield
—
11796
West Sayville CDP, NY
Typical home
$687,734
Gross yield
—
07607
Maywood, NJ
Typical home
$689,117
Gross yield
—

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

Compare ZIPs

Pit ZIP 07724 against any other ZIP — full side-by-side table.

Compare 07724 →

#Jump to section

U.S. ZIP Code · NJ07724

Get more data on ZIPs like this

Get more data on ZIPs like this