U.S. ZIP Code · NJ08701
Ocean County · New York-Newark-Jersey City, NY-NJ
Appreciation
- 1-year
- +7.8%
- 5-year / yr
- +13.1%
- 10-year / yr
- +8.5%
Relative price
- vs U.S.
- +103.4%
- vs metro
- -20.8%
- vs state
- +1.5%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 08701 is worth $577,895 — 20.8% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 7.8%. Homes here rent for a typical $2,119 a month — a 4.4% gross rental yield. The effective property tax rate is 1.4%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Ocean County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively High[4]
- Riverine flood
- Relatively High
- Coastal flood
- Very High
- Wildfire
- Relatively Moderate
- Drought
- Relatively Low
- Heat wave
- Relatively Moderate
- Hurricane
- Relatively High
- Tornado
- Relatively Low
- Earthquake
- Relatively Moderate
- Winter weather
- Very High
#Who lives here
#Migration
Household moves in and out of Ocean County over a year, from IRS tax-return data.
- Net migration
- +263[5]
- Moved in
- 12,755
- Moved out
- 12,492
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 9
- Elementary
- 7
- Middle
- 1
- High
- 1
Lakewood High School
High · Grades 9–12 · Lakewood Township School District
1,330 students
Oak Street Elem School
Elementary · Grades 2–6 · Lakewood Township School District
656 students
Lakewood Middle School
Middle · Grades 7–8 · Lakewood Township School District
582 students
Ocean Academy Charter School
Elementary · Grades K–8 · Ocean Academy Charter School
499 students
Clifton Ave Grade School
Elementary · Grades 2–6 · Lakewood Township School District
473 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 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.
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.
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.
Rankings
Top-10 lists this ZIP code appears on.
Frequently asked
- How much is a home worth in ZIP code 08701?
- The typical home in 08701 is worth $577,895, based on the Zillow Home Value Index.
- Are home values rising in 08701?
- Home values in 08701 are up 7.8% over the past year, and up 13.1% a year over five years.
- What is the typical rent in 08701?
- A typical home in 08701 rents for about $2,119 a month, a gross rental yield of 4.4%.
- What is the property tax rate in 08701?
- The effective property tax rate in 08701 is 1.4% — roughly $8,342 a year on a typical home.
- Who lives in 08701?
- ZIP code 08701 has a population of 139,149 and a median household income of $64,959.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Lake Mohegan CDP, NY
- Typical home
- $577,557
- Gross yield
- —
Frenchtown, NJ
- Typical home
- $577,184
- Gross yield
- —
Paterson, NJ
- Typical home
- $578,940
- Gross yield
- —
Clifton, NJ
- Typical home
- $576,727
- Gross yield
- 4.9%
Union CDP, NJ
- Typical home
- $579,516
- Gross yield
- 5.3%
Tinton Falls, NJ
- Typical home
- $579,847
- Gross yield
- 6.1%
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
Compare ZIPs
Pit ZIP 08701 against any other ZIP — full side-by-side table.
#Articles featuring this ZIP
Explainers, guides, and lists that use 08701 as an example.
- ListicleThe 10 Highest 5-Year Appreciation ZIP Codes in America
The ten U.S. ZIP codes with the highest five-year home-price appreciation right now, plus what these markets share — and the rule against chasing wave-tops.
#Jump to section