ZIP Code · NJ

ZIP 08701

Part of Lakewood, NJ

Pop. 139,149·Ocean County·146th most expensive ZIP in New Jersey

Median rent (all units)

$2,288/mo

Year-over-Year

Stable

Month-over-Month

+3.7%

vs US Median

+$356

Reported rents

Rising (Monthly)

Be the first to discuss 08701 rents ↓

Most AffordableMost Expensive

ZIP 08701 · $2,288

More expensive than 73% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($64,959) is $1,624 a month. That covers HUD's Fair Market Rent for up to a studio ($1,460); a 1-bedroom is $1,650.

From Zillow's monthly rent index (ZORI) for ZIP 08701. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$27,456/yr

At $2,288/mo median

Location

CityLakewood

StateNJ

CountyOcean County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +3.7% 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

Discussions about ZIP 08701

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 08701

About renting in ZIP 08701

Last updated: October 17, 2026

ZIP code 08701 covers Lakewood, NJ. The median rent here is $2,288/mo as of October 2026. A 1-bedroom rents for a median of $1,650/mo. A 2-bedroom rents for a median of $2,030/mo.

At 42% 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 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 $92,000/year (about $44/hour full-time) to afford the median rent of $2,288/mo in ZIP 08701. The local median household income is $64,959/yr, so the typical household falls short of that bar.