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ZIP Code · NJ

ZIP 08701

Part of Lakewood, NJ
Pop. 139,149·Ocean County·179th most expensive ZIP in New Jersey
Median rent (all units)
$2,021/mo
Year-over-Year
Stable
Month-over-Month
-4.8%
vs US Median
+$56
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 08701 · $2,021
More expensive than 62% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,460
1 BR
$1,650
2 BR
$2,030
3 BR
$2,650
4 BR+
$2,940
Research median
$2,030/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
$24,252/yr
At $2,021/mo median
Location
StateNJ
CountyOcean County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -4.8% MoM), not inventory.
Demographics

Who lives here

ZIP 08701 (Lakewood, NJ) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 33.8% of residents hold a bachelor's degree or higher.

Population
139,149
Median income
$64,959
Median age
18.2
Renters
48.5%
Age distribution
49.8%
21.1%
15.9%
Under 1849.8%
18–3421.1%
35–5415.9%
55–644.2%
65+9%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
85.3%
White85.3%
Black1.7%
Hispanic10.9%
Asian0.6%
Other1.4%
Education (25+)
31%
25.7%
33.8%
No HS diploma9.5%
HS diploma31%
Some college25.7%
Bachelor's+33.8%
Housing tenure
51.5%
48.5%
Owner51.5%
Renter48.5%

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

2021 vs 2026

How ZIP 08701 in Lakewood, NJ has changed in 5 years

Income
$53,380 → $64,959
up 21.7%
Population
130,352 → 139,149
up 6.7%
Renter share
49.1% → 48.5%
-0.6 pts
Bachelor's+
32.7% → 33.8%
+1.1 pts

On the earnings side, the typical household in ZIP 08701 in Lakewood, NJ now reports about $64,959, up from $53,380 in 2021. The population has grown by 6.7% since 2021, moving from about 130,352 residents to roughly 139,149.

Community

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Local insights

Tips for renters in ZIP 08701

About renting in ZIP 08701

Last updated: July 20, 2026

ZIP code 08701 covers Lakewood, NJ. The median rent here is $2,021/mo as of July 2026. A 1-bedroom rents for a median of $1,650/mo. A 2-bedroom rents for a median of $2,030/mo.

At 37% of local median household income ($64,959/yr), ZIP 08701 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 08701?

As of July 20, 2026, the median monthly rent in ZIP 08701 (Lakewood, NJ) is $2,021. This is based on aggregated data from public sources and community submissions.

How does ZIP 08701 rent compare to the US average?

ZIP 08701's median rent of $2,021/mo is $56 (3%) above the US national median of $1,965/mo.

How does ZIP 08701 compare to other ZIPs in New Jersey?

ZIP 08701 is among the more affordable ZIP codes in New Jersey, ranking #179 out of 212 ZIPs at $2,021/mo.

How much income do you need to rent in ZIP 08701?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (~$39/hour full-time) to afford the median rent of $2,021/mo in ZIP 08701. The local median household income is $64,959/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 08701?

Rent in ZIP 08701 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 08701 an affordable place to rent?

ZIP 08701 is considered moderate for renters. At $2,021/mo, rent takes approximately 37% of the local median household income ($64,959/yr). The standard benchmark is 30%. ZIP 08701 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 08701 residents rent vs. own?

According to Census data, approximately 48.5% of ZIP 08701 households are renters, while 51.5% are owner-occupied. ZIP 08701 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 08701 compare to the rest of Lakewood?

ZIP 08701 sits right at the Lakewood citywide median of $2,021/mo.

When was rent data for ZIP 08701 last updated?

Rent data for ZIP 08701 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
37%
MODERATE

At $2,021/mo, rent takes ~37% of ZIP 08701's median household income ($64,959/yr). The standard benchmark is 30%.

ZIP 08701 37%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 08701 (Lakewood, NJ)

Recent submissions

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