How much is a home worth in ZIP code 08742?

The typical home in 08742 is worth $855,363, based on the Zillow Home Value Index.

Are home values rising in 08742?

Home values in 08742 are up 10.1% over the past year, and up 8.7% a year over five years.

What is the typical rent in 08742?

A typical home in 08742 rents for about $3,771 a month, a gross rental yield of 5.3%.

What is the property tax rate in 08742?

The effective property tax rate in 08742 is 1.2% — roughly $10,153 a year on a typical home.

ZIP code 08742 has a population of 25,732 and a median household income of $123,152.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08742

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

Typical home value

$855,363^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +10.1%
5-year / yr: +8.7%
10-year / yr: +7.6%

Relative price

vs U.S.: +201.1%
vs metro: +17.2%
vs state: +50.2%

Price history

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

The typical home in 08742 is worth $855,363 — 17.2% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 10.1%. Homes here rent for a typical $3,771 a month — a 5.3% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

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

Monthly rent: $3,771^[2]
Gross yield: 5.3%^[2]
Cap rate: 3.2%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $10,153^[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: 25,732^[3]
Median household income: $123,152^[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: 7
Elementary: 4
Middle: 1
High: 2

Point Pleasant Borough High School
High · Grades 9–12 · Point Pleasant Borough School District
856 students
Nellie F. Bennett Elementary School
Elementary · Grades PK–5 · Point Pleasant Borough School District
708 students
Memorial Middle School
Middle · Grades 6–8 · Point Pleasant Borough School District
593 students
Ocean Road Elementary School
Elementary · Grades PK–5 · Point Pleasant Borough School District
481 students
Point Pleasant Beach High School
High · Grades 9–12 · Point Pleasant Beach School District
326 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 yield5.3%

Net yield (after ~40% expenses)3.2%

Annual rent$45,247

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$4,325

Loan principal$684,291

Down payment$171,073

Total interest paid$872,775

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 ratio1.56

Monthly cost to own$5,886

Monthly rent$3,771

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: 95th percentile^[1]
Rental yield: 63rd percentile^[2]
Property tax: 27th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08742?: The typical home in 08742 is worth $855,363, based on the Zillow Home Value Index.
Are home values rising in 08742?: Home values in 08742 are up 10.1% over the past year, and up 8.7% a year over five years.
What is the typical rent in 08742?: A typical home in 08742 rents for about $3,771 a month, a gross rental yield of 5.3%.
What is the property tax rate in 08742?: The effective property tax rate in 08742 is 1.2% — roughly $10,153 a year on a typical home.
Who lives in 08742?: ZIP code 08742 has a population of 25,732 and a median household income of $123,152.

#Comparable ZIPs

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

11001 vs 08742 →
Floral Park, NY
Typical home
$853,929
Gross yield
3.8%
07642 vs 08742 →
Hillsdale, NJ
Typical home
$853,512
Gross yield
—
07030
Hoboken, NJ
Typical home
$852,302
Gross yield
5.4%
10026
New York, NY
Typical home
$852,298
Gross yield
5.1%
08752
Seaside Park, NJ
Typical home
$852,245
Gross yield
—
07086
Hoboken, NJ
Typical home
$859,612
Gross yield
5.3%

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#Jump to section

U.S. ZIP Code · NJ08742

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