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Matawan

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

Median Home$467,800
Median Rent$1,800/month
Population9,710
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services15% arts, food & hospitality
Home Value Growth⬆⬆⬆+23.1% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners52% of occupied units
NotableHighly Educated35% bachelor's · 19% graduate · top 3% nationally
NotableAmenity Score76/100 · highly walkable area
Matawan
NJ

Frequently Asked Questions

What are today's mortgage rates in Matawan?

As of today, the 30-year fixed mortgage rate for Matawan is approximately 6.870% (6.905% 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 Matawan?

The median home value in Matawan is $468k. The median monthly rent is $1,800. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Matawan?

Home values in Matawan have increased 23.1% 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 Matawan?

Based on a typical all-in ownership cost of $1,884/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 Matawan is $123k/year.

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What industries drive the economy in Matawan?

The largest employment sectors in Matawan are public administration (24%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.