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Asbury Park

Learn about the people, housing, costs and businesses in Asbury Park, New Jersey

Median Home$583,900
Median Rent$1,624/month
Population15,295
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare4% professional services
Home Value Growth⬆⬆⬆+21.0% over 2 years
Young Adults38% of residentstop 4% nationally
Renters72% of occupied units
NotableAmenity Score90/100 · highly walkable area
NotableTransit80/100 · excellent transit access
Asbury Park
NJ

Frequently Asked Questions

What are today's mortgage rates in Asbury Park?

As of today, the 30-year fixed mortgage rate for Asbury Park is approximately 6.832% (6.866% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Asbury Park
What is the median home price in Asbury Park?

The median home value in Asbury Park is $584k. The median monthly rent is $1,624. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Asbury Park?

Home values in Asbury Park have increased 21.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Asbury Park?

Based on a typical all-in ownership cost of $1,836/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $79k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Asbury Park is $77k/year.

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What industries drive the economy in Asbury Park?

The largest employment sectors in Asbury Park are public administration (23%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.