The typical owner-occupied home in Monmouth Beach is worth about $995,000, 2.2 times the New Jersey median of $454,400 and 3.0 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.01% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $150,188 a year, so the median home costs 6.6 times the median income (4.4 times for New Jersey). 84% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Monmouth Beach at a glance
| Monmouth Beach | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $995,000 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 1.01% | 2.11% | 0.94% |
| Median household income | $150,188 | $103,556 | $80,734 |
| Homes lived in by their owners | 84% | 64% | 65% |
| Owner homes with a mortgage | 52% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,850 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 22.9% | 21.0% |
| Median rent | $2,257 | $1,720 | $1,413 |
| Rent as a share of renters' income | 32.3% | 30.9% | 30.6% |
| Median year homes were built | 1976 | 1970 | 1980 |
| Vacant homes | 16.3% | 7.5% | 10.1% |
| Population | 3,207 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Monmouth Beach
At this week's average 30-year rate of 7.11%, buying the median Monmouth Beach home of $995,000 with 20% down costs about $6,607 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,424, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $283,148 for the 20%-down payment. That payment is 53% of the median Monmouth Beach household income of $150,188; at that income and 20% down, the 28% guideline points to a home of about $528,000.
The median rent here is $2,257 a month, so owning the median home costs about $4,350 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $199,000 |
|---|---|
| Loan amount | $796,000 |
| Principal and interest | $5,355 |
| Property taxes (1.01% a year) | $837 |
| Homeowners insurance (our estimate, 0.5% a year) | $415 |
| PMI | $0 |
| Total per month | $6,607 |
Change the numbers in the calculator
| Down payment | $34,825 |
|---|---|
| Loan amount | $976,978 |
| Principal and interest | $6,572 |
| Property taxes (1.01% a year) | $837 |
| Homeowners insurance (our estimate, 0.5% a year) | $415 |
| FHA mortgage insurance | $600 |
| Total per month | $8,424 |
Change the numbers in the calculator
Questions about home buying in Monmouth Beach
What is the median home value in Monmouth Beach?
About $995,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Monmouth Beach?
Homeowners pay a median $10,001 a year, which is about 1.01% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Monmouth Beach?
For the median home with 20% down at 7.11%, the payment is about $6,607 a month. Keeping that under 28% of gross income takes about $283,148 a year.
More about Monmouth Beach
- Mortgage Refinance in Monmouth Beach
- Debt Relief in Monmouth Beach
- Home Equity Loans in Monmouth Beach
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data