07740 — Monmouth County, New Jersey Market Snapshot
Housing market data for zip code 07740 in Monmouth County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
34 sales in 2026 (year to date)
Median Sale Price
$896,000
Days to Sell
24
Homes Sold
34
Inventory
72
Sale-to-List
97.9%
New Listings
72
Price/SqFt
$562
Pending Sales
44
Conforming Loan Available
Most homebuyers in 07740 can comfortably use conventional financing. The median home price of $896,000 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 07740 are moving quickly at 24 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 07740 sells for 2.1% below asking price (97.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 07740 can comfortably use conventional financing. The median home price of $896,000 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 07740 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 07740
To purchase the median home at $896,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $7,015.
Monthly Payment
$7,015
Income Required
$300,637
Principal & Interest
$5,521/mo
Down Payment (5%)
$44,800
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 07740.
Estimated Monthly Payment
$5,695
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