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Forked River

Learn about the people, housing, costs and businesses in Forked River, New Jersey

Median Home$453,029
Median Rent$2,220/month
Population5,204
Leading IndustriesWholesale Trade · Manufacturing · Public Administration13% wholesale trade
Home Value Growth⬆⬆+20.4% over 2 years
Retirees24% of residentsslightly above average
Homeowners93% of occupied units
NotableHigh Incomes$94k/year · top 21% nationally
Forked River
NJ

Frequently Asked Questions

What are today's mortgage rates in Forked River?

As of today, the 30-year fixed mortgage rate for Forked River is approximately 6.884% (6.920% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Forked River?

The median home value in Forked River is $453k. The median monthly rent is $2,220. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Forked River?

Home values in Forked River have increased 20.4% 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 Forked River?

Based on a typical all-in ownership cost of $1,890/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $81k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Forked River is $94k/year.

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What industries drive the economy in Forked River?

The largest employment sectors in Forked River are public administration (26%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.