07718 — Monmouth County, New Jersey Market Snapshot
Housing market data for zip code 07718 in Monmouth County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
11 sales in 2026 (year to date)
Median Sale Price
$565,000
Days to Sell
14
Homes Sold
11
Inventory
7
Sale-to-List
104.2%
New Listings
25
Price/SqFt
$387
Pending Sales
22
Conforming Loan Available
Most homebuyers in 07718 can comfortably use conventional financing. The median home price of $565,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 07718 are moving quickly at 14 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 07718 are selling 4.2% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 07718 can comfortably use conventional financing. The median home price of $565,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 07718 are set at the county level.
2026 Loan Limits — Monmouth County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,209,750 | $1,249,125 |
| 2 Units | $1,548,975 | $1,599,375 |
| 3 Units | $1,872,225 | $1,933,200 |
| 4 Units | $2,326,875 | $2,402,625 |
Affordability Snapshot — Zip 07718
To purchase the median home at $565,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,479.
Monthly Payment
$4,479
Income Required
$191,951
Principal & Interest
$3,481/mo
Down Payment (5%)
$28,250
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 07718.
Estimated Monthly Payment
$3,647
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