ZIP Code · NJ

ZIP 07747

Part of Matawan, NJ

Pop. 32,330·Monmouth County·76th most expensive ZIP in New Jersey

Median rent (all units)

$2,711/mo

Year-over-Year

-1.7%

Month-over-Month

+0.3%

vs US Median

+$779

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 07747 · $2,711

More expensive than 85% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,870

1 BR

$2,090

2 BR

$2,590

3 BR

$3,290

4 BR+

$3,640

Research median

$2,590/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

Compared with the peak

Rent in ZIP 07747 is 2.7% below its high of $2,787 in August 2025, at $2,711 as of September 2026.

Past year vs. the rest of New Jersey

Rent in ZIP 07747 changed -1.7% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($124,383) is $3,110 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,590); a 3-bedroom is $3,290.

Cheaper nearby

ZIP 07734, 6 miles away, rents for 12% less ($2,387/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07747. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$32,532/yr

At $2,711/mo median

Location

CityMatawan

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 (-1.7% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 07747 (Matawan, NJ) is majority owner-occupied, has a median income above the national average, 49.2% of residents hold a bachelor's degree or higher.

Population

32,330

Median income

$124,383

Median age

41.3

Renters

27.4%

Age distribution

20.4%

21.9%

23.6%

15.5%

18.6%

Under 1820.4%

18–3421.9%

35–5423.6%

55–6415.5%

65+18.6%

Gender

50.5%

49.5%

Male50.5%

Female49.5%

Race & ethnicity

68.6%

12.4%

White68.6%

Black7%

Hispanic12.4%

Asian8.1%

Other3.9%

Education (25+)

24.6%

21.3%

49.2%

No HS diploma4.8%

HS diploma24.6%

Some college21.3%

Bachelor's+49.2%

Housing tenure

72.6%

27.4%

Owner72.6%

Renter27.4%

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

2022 vs 2026

How ZIP 07747 in Matawan, NJ has changed in 5 years

Rent

$2,262 → $2,711

up 19.8%

Income

$115,272 → $124,383

up 7.9%

Population

32,462 → 32,330

down 0.4%

Renter share

22.1% → 27.4%

+5.3 pts

Bachelor's+

48.3% → 49.2%

+0.9 pts

Median age

42.6 → 41.3

-1.3 yrs

Compared with 2022, rent in ZIP 07747 in Matawan, NJ has increased by $449 per month, settling near $2,711 after starting the period at $2,262. Census figures show median household income at $124,383 today, compared with $115,272 five years earlier. Rent outpaced income growth by roughly 11.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 27.4% of households rent today, against 22.1% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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Local insights

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About renting in ZIP 07747

Last updated: October 17, 2026

ZIP code 07747 covers Matawan, NJ. The median rent here is $2,711/mo as of October 2026. A 1-bedroom rents for a median of $2,090/mo. A 2-bedroom rents for a median of $2,590/mo.

At 26% of local median household income ($124,383/yr), ZIP 07747 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 07747?

To keep rent at or below 30% of gross income, you would need to earn at least $108,000/year (about $52/hour full-time) to afford the median rent of $2,711/mo in ZIP 07747. The local median household income is $124,383/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 07747?

Rent in ZIP 07747 has fallen 1.7% over the past year as of September 2026. It sits 2.7% below its high of $2,787 in August 2025.

How does ZIP 07747 compare to other ZIPs in New Jersey?

ZIP 07747 is in the middle among New Jersey ZIP codes for rent, ranking #76 of 209 at $2,711/mo. Over the year to September 2026, rent in ZIP 07747 changed -1.7%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.