How much is a home worth in ZIP code 07740?

The typical home in 07740 is worth $808,420, based on the Zillow Home Value Index.

Are home values rising in 07740?

Home values in 07740 are up 3.1% over the past year, and up 7.4% a year over five years.

What is the typical rent in 07740?

A typical home in 07740 rents for about $2,733 a month, a gross rental yield of 4.1%.

What is the property tax rate in 07740?

The effective property tax rate in 07740 is 1.1% — roughly $8,844 a year on a typical home.

ZIP code 07740 has a population of 32,917 and a median household income of $79,870.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07740

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

Typical home value

$808,420^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.1%
5-year / yr: +7.4%
10-year / yr: +8.2%

Relative price

vs U.S.: +184.6%
vs metro: +10.8%
vs state: +41.9%

Price history

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

The typical home in 07740 is worth $808,420 — 10.8% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 3.1%. Homes here rent for a typical $2,733 a month — a 4.1% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent: $2,733^[2]
Gross yield: 4.1%^[2]
Cap rate: 2.4%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $8,844^[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: 32,917^[3]
Median household income: $79,870^[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: 9
Elementary: 6
Middle: 1
High: 2

Long Branch High School
High · Grades 9–12 · LONG BRANCH PUBLIC SCHOOL District
1,515 students
Long Branch Middle School
Middle · Grades 6–8 · LONG BRANCH PUBLIC SCHOOL District
1,122 students
George L Catrambone
Elementary · Grades K–5 · LONG BRANCH PUBLIC SCHOOL District
675 students
A A Anastasia Elementary School
Elementary · Grades K–5 · LONG BRANCH PUBLIC SCHOOL District
588 students
Gregory Elementary School
Elementary · Grades K–5 · LONG BRANCH PUBLIC SCHOOL District
563 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 yield4.1%

Net yield (after ~40% expenses)2.4%

Annual rent$32,794

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$4,088

Loan principal$646,736

Down payment$161,684

Total interest paid$824,876

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 ratio2.01

Monthly cost to own$5,496

Monthly rent$2,733

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: 80th percentile^[1]
Rental yield: 21st percentile^[2]
Property tax: 26th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07740?: The typical home in 07740 is worth $808,420, based on the Zillow Home Value Index.
Are home values rising in 07740?: Home values in 07740 are up 3.1% over the past year, and up 7.4% a year over five years.
What is the typical rent in 07740?: A typical home in 07740 rents for about $2,733 a month, a gross rental yield of 4.1%.
What is the property tax rate in 07740?: The effective property tax rate in 07740 is 1.1% — roughly $8,844 a year on a typical home.
Who lives in 07740?: ZIP code 07740 has a population of 32,917 and a median household income of $79,870.

#Comparable ZIPs

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

07719 vs 07740 →
Belmar, NJ
Typical home
$808,443
Gross yield
5.3%
11542 vs 07740 →
Glen Cove, NY
Typical home
$808,581
Gross yield
5.3%
10520
Croton-on-Hudson, NY
Typical home
$808,680
Gross yield
—
11209
New York, NY
Typical home
$808,150
Gross yield
3.6%
10607
Fairview CDP, NY
Typical home
$809,495
Gross yield
—
11710
North Bellmore CDP, NY
Typical home
$806,791
Gross yield
—

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#Jump to section

U.S. ZIP Code · NJ07740

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