HousingHandbookReference data

U.S. ZIP Code · NJ08733

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

Typical home value

$368,693[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.9%
5-year / yr
+7.9%
10-year / yr
+6.8%

Relative price

vs U.S.
+29.8%
vs metro
-49.5%
vs state
-35.3%
ZIP 08733 location in NJ
Location of ZIP 08733 in NJ

Price history

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

The typical home in 08733 is worth $368,693 — 49.5% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 0.9%. The effective property tax rate is 2.0%.

#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
2.0%[3]
Typical annual tax
$7,282[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
2,816[3]
Median household income
$85,750[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
2
Elementary
2
Middle
0
High
0
  • Manchester Township Elementary School

    Elementary · Grades PK–5 · Manchester Township School District

    555 students

  • Lakehurst Elementary School

    Elementary · Grades PK–8 · Lakehurst School District

    404 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$1,864
Loan principal$294,954
Down payment$73,739
Total interest paid$376,198

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$2,780
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
87th percentile[1]
Rental yield
[2]
Property tax
68th percentile[3]

Frequently asked

How much is a home worth in ZIP code 08733?
The typical home in 08733 is worth $368,693, based on the Zillow Home Value Index.
Are home values rising in 08733?
Home values in 08733 are down 0.9% over the past year, and up 7.9% a year over five years.
What is the property tax rate in 08733?
The effective property tax rate in 08733 is 2.0% — roughly $7,282 a year on a typical home.
Who lives in 08733?
ZIP code 08733 has a population of 2,816 and a median household income of $85,750.

#Comparable ZIPs

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

  • New York, NY

    Typical home
    $364,231
    Gross yield
    9.0%
  • Franklin, NJ

    Typical home
    $374,624
    Gross yield
  • New York, NY

    Typical home
    $379,964
    Gross yield
    7.9%
  • Three Bridges CDP, NJ

    Typical home
    $348,394
    Gross yield
  • Holiday City-Berkeley CDP, NJ

    Typical home
    $345,524
    Gross yield
    9.2%
  • Hamburg, NJ

    Typical home
    $398,136
    Gross yield

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