How much is a home worth in ZIP code 08724?

The typical home in 08724 is worth $511,164, based on the Zillow Home Value Index.

Are home values rising in 08724?

Home values in 08724 are up 5.7% over the past year, and up 8.5% a year over five years.

What is the typical rent in 08724?

A typical home in 08724 rents for about $2,796 a month, a gross rental yield of 6.6%.

What is the property tax rate in 08724?

The effective property tax rate in 08724 is 1.5% — roughly $7,818 a year on a typical home.

ZIP code 08724 has a population of 42,345 and a median household income of $103,127.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08724

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

Typical home value

$511,164^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.7%
5-year / yr: +8.5%
10-year / yr: +7.6%

Relative price

vs U.S.: +79.9%
vs metro: -29.9%
vs state: -10.3%

Price history

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

The typical home in 08724 is worth $511,164 — 29.9% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 5.7%. Homes here rent for a typical $2,796 a month — a 6.6% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

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

Monthly rent: $2,796^[2]
Gross yield: 6.6%^[2]
Cap rate: 3.9%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $7,818^[3]

#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

Population: 42,345^[3]
Median household income: $103,127^[3]

#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: 6
Elementary: 3
Middle: 1
High: 1

Brick Township Memorial High School
High · Grades 9–12 · Brick Township Public School District
1,297 students
Veterans Memorial Middle School
Middle · Grades 6–8 · Brick Township Public School District
884 students
Veterans Memorial Elementary School
Elementary · Grades K–5 · Brick Township Public School District
578 students
Lanes Mill Elementary School
Elementary · Grades K–5 · Brick Township Public School District
575 students
Midstreams Elementary School
Elementary · Grades K–5 · Brick Township Public School District
552 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 yield6.6%

Net yield (after ~40% expenses)3.9%

Annual rent$33,550

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$2,585

Loan principal$408,931

Down payment$102,233

Total interest paid$521,569

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 ratio1.31

Monthly cost to own$3,662

Monthly rent$2,796

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: 93rd percentile^[1]
Rental yield: 86th percentile^[2]
Property tax: 37th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08724?: The typical home in 08724 is worth $511,164, based on the Zillow Home Value Index.
Are home values rising in 08724?: Home values in 08724 are up 5.7% over the past year, and up 8.5% a year over five years.
What is the typical rent in 08724?: A typical home in 08724 rents for about $2,796 a month, a gross rental yield of 6.6%.
What is the property tax rate in 08724?: The effective property tax rate in 08724 is 1.5% — roughly $7,818 a year on a typical home.
Who lives in 08724?: ZIP code 08724 has a population of 42,345 and a median household income of $103,127.

#Comparable ZIPs

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

07203 vs 08724 →
Roselle, NJ
Typical home
$509,929
Gross yield
5.8%
07107 vs 08724 →
Newark, NJ
Typical home
$512,442
Gross yield
4.6%
10460
New York, NY
Typical home
$512,484
Gross yield
7.0%
07735
Union Beach, NJ
Typical home
$508,694
Gross yield
6.1%
07205
Kean University CDP, NJ
Typical home
$508,587
Gross yield
7.7%
07921
Lamington CDP, NJ
Typical home
$513,750
Gross yield
6.9%

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#Jump to section

U.S. ZIP Code · NJ08724

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