ZIP Code · NJ

ZIP 07724

Part of Eatontown, NJ

Pop. 24,016·Monmouth County·122nd most expensive ZIP in New Jersey

Median rent (all units)

$2,419/mo

Year-over-Year

Stable

Month-over-Month

Stable

vs US Median

+$487

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 07724 · $2,419

More expensive than 78% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,530

1 BR

$1,730

2 BR

$2,130

3 BR

$2,780

4 BR+

$3,080

Research median

$2,130/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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($102,756) is $2,569 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,130); a 3-bedroom is $2,780.

From Zillow's monthly rent index (ZORI) for ZIP 07724. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$29,028/yr

At $2,419/mo median

Location

CityEatontown

StateNJ

CountyMonmouth County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 07724 (Eatontown, NJ) is majority owner-occupied, has a large retiree population, has a median income above the national average, 44.1% of residents hold a bachelor's degree or higher.

Population

24,016

Median income

$102,756

Median age

47.6

Renters

28.2%

Age distribution

18.4%

18.3%

25.2%

16.6%

21.5%

Under 1818.4%

18–3418.3%

35–5425.2%

55–6416.6%

65+21.5%

Gender

44.7%

55.3%

Male44.7%

Female55.3%

Race & ethnicity

66.9%

White66.9%

Black9.2%

Hispanic10.6%

Asian10.3%

Other3.1%

Education (25+)

22.2%

27.5%

44.1%

No HS diploma6.2%

HS diploma22.2%

Some college27.5%

Bachelor's+44.1%

Housing tenure

71.8%

28.2%

Owner71.8%

Renter28.2%

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

2021 vs 2026

How ZIP 07724 in Eatontown, NJ has changed in 5 years

Income

$90,827 → $102,756

up 13.1%

Population

23,332 → 24,016

up 2.9%

Renter share

30.8% → 28.2%

-2.6 pts

Bachelor's+

44.9% → 44.1%

-0.8 pts

Median age

42.6 → 47.6

+5.0 yrs

Census figures show median household income at $102,756 today, compared with $90,827 five years earlier. Headcount in the area went from 23,332 to 24,016 between 2021 and 2024, a 2.9% change. About 28.2% of households rent today, against 30.8% in 2021.

Community

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Local insights

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About renting in ZIP 07724

Last updated: October 17, 2026

ZIP code 07724 covers Eatontown, NJ. The median rent here is $2,419/mo as of October 2026. A 1-bedroom rents for a median of $1,730/mo. A 2-bedroom rents for a median of $2,130/mo.

At 28% of local median household income ($102,756/yr), ZIP 07724 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 07724?

To keep rent at or below 30% of gross income, you would need to earn at least $97,000/year (about $47/hour full-time) to afford the median rent of $2,419/mo in ZIP 07724. The local median household income is $102,756/yr, so the typical household meets that bar.