HousingHandbookReference data

U.S. ZIP Code · NJ07748

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

Typical home value

$772,761[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.0%
5-year / yr
+7.0%
10-year / yr
+6.2%

Relative price

vs U.S.
+172.0%
vs metro
+5.9%
vs state
+35.7%
ZIP 07748 location in NJ
Location of ZIP 07748 in NJ

Price history

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

The typical home in 07748 is worth $772,761 — 5.9% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 5.0%. 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]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.6%[3]
Typical annual tax
$12,409[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
28,633[3]
Median household income
$152,981[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
5
Middle
1
High
2
  • Middletown High School South

    High · Grades 9–12 · Middletown Township Public School District

    1,425 students

  • Middletown High School North

    High · Grades 9–12 · Middletown Township Public School District

    1,322 students

  • Thompson Middle School

    Middle · Grades 6–8 · Middletown Township Public School District

    859 students

  • New Monmouth Elementary School

    Elementary · Grades K–5 · Middletown Township Public School District

    511 students

  • Nut Swamp Elementary School

    Elementary · Grades K–5 · Middletown Township Public School District

    501 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$3,908
Loan principal$618,209
Down payment$154,552
Total interest paid$788,491

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$5,588
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
71st percentile[1]
Rental yield
[2]
Property tax
41st percentile[3]

Frequently asked

How much is a home worth in ZIP code 07748?
The typical home in 07748 is worth $772,761, based on the Zillow Home Value Index.
Are home values rising in 07748?
Home values in 07748 are up 5.0% over the past year, and up 7.0% a year over five years.
What is the property tax rate in 07748?
The effective property tax rate in 07748 is 1.6% — roughly $12,409 a year on a typical home.
Who lives in 07748?
ZIP code 07748 has a population of 28,633 and a median household income of $152,981.

#Comparable ZIPs

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

  • Gillette CDP, NJ

    Typical home
    $772,605
    Gross yield
  • Hicksville CDP, NY

    Typical home
    $772,498
    Gross yield
    4.5%
  • Bethpage CDP, NY

    Typical home
    $773,872
    Gross yield
    7.3%
  • Cranford CDP, NJ

    Typical home
    $771,624
    Gross yield
    4.9%
  • New York, NY

    Typical home
    $774,414
    Gross yield
    4.5%
  • New Rochelle, NY

    Typical home
    $770,954
    Gross yield
    4.6%

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