Zip 07701 (Red Bank, NJ) Housing

The housing market in Red Bank, NJ (07701) is booming. The median value of homes in the area is $536,800 which is much higher than the US median of $338,100. Additionally, the appreciation rate for homes in Red Bank over the past year has been 11.40%, which is significantly higher than the national appreciation rate of 8.27%. This shows that Red Bank is an attractive area for buyers as well as a great place to make long-term investments in real estate.

The median home cost in Red Bank (zip 07701) is $536,800. Home appreciation the last 10 years has been 78.1%. Home Appreciation in Red Bank (zip 07701) is up 17.5%.

Average Age of Homes

- The median age of Red Bank (zip 07701) real estate is 58 years old

The Rental Market in Red Bank (zip 07701)

- Renters make up 32.6% of the Red Bank (zip 07701) population
- 0.1% of houses and apartments in Red Bank (zip 07701), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Red Bank, New Jersey	United States
	11,337.0	139,647,020.0
	60	42
	$536,800	$338,100
	17.5%	16.6%
	53.3%	57.0%
	78.1%	101.1%
	$19.82	$10.98
	$8,745	$2,690
	64.1%	57.4%
	2.8%	11.2%
	33.1%	31.4%
Vacant Housing
	0.1%	1.9%
	0.0%	0.4%
	0.1%	0.7%
	0.3%	0.4%
	0.4%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.7%	2.4%
	1.2%	2.8%
	0.3%	3.9%
	0.0%	4.5%
	4.6%	11.3%
	3.7%	13.0%
	10.9%	20.1%
	18.3%	13.6%
	23.0%	8.3%
	28.8%	9.7%
	3.6%	3.9%
	1.5%	2.2%
	0.4%	0.8%
	2.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.5%	13.6%
	3.5%	13.6%
	3.8%	13.6%
	10.9%	13.2%
	19.9%	14.8%
	3.8%	13.6%
	19.0%	10.0%
	6.8%	4.7%
	23.0%	12.2%

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Diane · Red Bank, NJ

Move to Florida

Over 13 years ago

I moved to a 55+ communite 3 yrs ago and while I love my home itself, I find the community was established in 1976 and most of the 900 reidents are over the age of 75 More

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