ZIP Code · NJ

ZIP 07751

Part of Morganville, NJ

Pop. 21,109·Monmouth County·10th most expensive ZIP in New Jersey

Median rent (all units)

$3,474/mo

Year-over-Year

Stable

Month-over-Month

+0.2%

vs US Median

+$1,542

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 07751 · $3,474

More expensive than 95% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,430

1 BR

$2,740

2 BR

$3,380

3 BR

$4,420

4 BR+

$4,890

Research median

$3,380/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 ($181,205) is $4,530 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($4,420); a 4-bedroom is $4,890.

Cheaper nearby

ZIP 07747, 4 miles away, rents for 22% less ($2,711/mo), about $9,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07751. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$41,688/yr

At $3,474/mo median

Location

CityMorganville

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, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 07751 (Morganville, NJ) is majority owner-occupied, has a median income above the national average, 65.3% of residents hold a bachelor's degree or higher.

Population

21,109

Median income

$181,205

Median age

Renters

9.6%

Age distribution

23.5%

18.5%

28.6%

15%

14.4%

Under 1823.5%

18–3418.5%

35–5428.6%

55–6415%

65+14.4%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

60.4%

28.1%

White60.4%

Black1.1%

Hispanic6.3%

Asian28.1%

Other4.1%

Education (25+)

12.7%

18%

65.3%

No HS diploma3.9%

HS diploma12.7%

Some college18%

Bachelor's+65.3%

Housing tenure

90.4%

Owner90.4%

Renter9.6%

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

2021 vs 2026

How ZIP 07751 in Morganville, NJ has changed in 5 years

Income

$154,453 → $181,205

up 17.3%

Population

20,782 → 21,109

up 1.6%

Renter share

8.3% → 9.6%

+1.3 pts

Bachelor's+

62.9% → 65.3%

+2.4 pts

Median age

40.8 → 42

+1.2 yrs

Household income in the area moved from $154,453 to $181,205 across the same window, up 17.3% versus 2021. Headcount in the area went from 20,782 to 21,109 between 2021 and 2024, a 1.6% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 62.9% to 65.3%.

Community

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Local insights

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About renting in ZIP 07751

Last updated: October 17, 2026

ZIP code 07751 covers Morganville, NJ. The median rent here is $3,474/mo as of October 2026. A 1-bedroom rents for a median of $2,740/mo. A 2-bedroom rents for a median of $3,380/mo.

At 23% of local median household income ($181,205/yr), ZIP 07751 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 07751?

To keep rent at or below 30% of gross income, you would need to earn at least $139,000/year (about $67/hour full-time) to afford the median rent of $3,474/mo in ZIP 07751. The local median household income is $181,205/yr, so the typical household meets that bar.