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ZIP Code · NJ

ZIP 07701

Part of Red Bank, NJ
Pop. 24,376·Monmouth County·33rd most expensive ZIP in New Jersey
Median rent (all units)
$3,162/mo
Year-over-Year
+12.2%
Month-over-Month
+1.3%
vs US Median
+$1,197
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07701 · $3,162
More expensive than 92% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,920
1 BR
$2,160
2 BR
$2,660
3 BR
$3,480
4 BR+
$3,850
Research median
$2,660/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$37,944/yr
At $3,162/mo median
Location
StateNJ
CountyMonmouth County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.2% YoY, +1.3% MoM), not inventory.
Demographics

Who lives here

ZIP 07701 (Red Bank, NJ) is majority owner-occupied, has a large retiree population, has a median income above the national average, 51.6% of residents hold a bachelor's degree or higher.

Population
24,376
Median income
$112,143
Median age
42.6
Renters
34.8%
Age distribution
19.5%
19.7%
25.7%
13.4%
21.7%
Under 1819.5%
18–3419.7%
35–5425.7%
55–6413.4%
65+21.7%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
77.3%
19%
White77.3%
Black3.4%
Hispanic19%
Asian1.6%
Education (25+)
20.9%
20.2%
51.6%
No HS diploma7.3%
HS diploma20.9%
Some college20.2%
Bachelor's+51.6%
Housing tenure
65.2%
34.8%
Owner65.2%
Renter34.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 07701 in Red Bank, NJ has changed in 5 years

Income
$102,191 → $112,143
up 9.7%
Population
25,010 → 24,376
down 2.5%
Renter share
34.1% → 34.8%
+0.7 pts
Bachelor's+
51.9% → 51.6%
-0.3 pts

Household income in the area moved from $102,191 to $112,143 across the same window, up 9.7% versus 2021. Census counts show ZIP 07701 in Red Bank, NJ losing about 634 residents over the five-year window, down 2.5% on net.

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Local insights

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About renting in ZIP 07701

Last updated: July 20, 2026

ZIP code 07701 covers Red Bank, NJ. The median rent here is $3,162/mo as of July 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,660/mo.

At 34% of local median household income ($112,143/yr), ZIP 07701 ranks as moderate compared to the national benchmark of 30%. Rents have increased 12.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07701?

As of July 20, 2026, the median monthly rent in ZIP 07701 (Red Bank, NJ) is $3,162. This is based on aggregated data from public sources and community submissions.

How does ZIP 07701 rent compare to the US average?

ZIP 07701's median rent of $3,162/mo is $1,197 (61%) above the US national median of $1,965/mo.

How does ZIP 07701 compare to other ZIPs in New Jersey?

ZIP 07701 is one of the pricier ZIP codes in New Jersey, ranking #33 out of 212 ZIPs tracked at $3,162/mo.

How much income do you need to rent in ZIP 07701?

To keep rent at or below 30% of gross income, you would need to earn at least $126,000/year (~$61/hour full-time) to afford the median rent of $3,162/mo in ZIP 07701. The local median household income is $112,143/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07701?

Rent in ZIP 07701 has increased 12.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 07701 an affordable place to rent?

ZIP 07701 is considered moderate for renters. At $3,162/mo, rent takes approximately 34% of the local median household income ($112,143/yr). The standard benchmark is 30%. ZIP 07701 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 07701 residents rent vs. own?

According to Census data, approximately 34.8% of ZIP 07701 households are renters, while 65.2% are owner-occupied. ZIP 07701 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07701 compare to the rest of Red Bank?

ZIP 07701 is pricier than Red Bank as a whole. At $3,162/mo, it's $67 above the Red Bank citywide median of $3,095/mo.

When was rent data for ZIP 07701 last updated?

Rent data for ZIP 07701 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
34%
MODERATE

At $3,162/mo, rent takes ~34% of ZIP 07701's median household income ($112,143/yr). The standard benchmark is 30%.

ZIP 07701 34%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07701 (Red Bank, NJ)

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