ZIP Code · NJ

ZIP 08731

Part of Forked River, NJ

Pop. 21,629·Ocean County·66th most expensive ZIP in New Jersey

Median rent (all units)

$2,800/mo

Year-over-Year

Stable

Month-over-Month

+0.7%

vs US Median

+$868

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 08731 · $2,800

More expensive than 87% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,000

1 BR

$2,260

2 BR

$2,780

3 BR

$3,630

4 BR+

$4,030

Research median

$2,780/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 ($98,582) is $2,465 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,260); a 2-bedroom is $2,780.

From Zillow's monthly rent index (ZORI) for ZIP 08731. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$33,600/yr

At $2,800/mo median

Location

CityForked River

StateNJ

CountyOcean 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, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 08731 (Forked River, NJ) is majority owner-occupied, has a large retiree population, has a median income above the national average, 33.9% of residents hold a bachelor's degree or higher.

Population

21,629

Median income

$98,582

Median age

47.2

Renters

13.4%

Age distribution

16.8%

21.7%

23.3%

14.3%

23.9%

Under 1816.8%

18–3421.7%

35–5423.3%

55–6414.3%

65+23.9%

Gender

48.2%

51.8%

Male48.2%

Female51.8%

Race & ethnicity

88.7%

15.2%

White88.7%

Black0.8%

Hispanic15.2%

Asian0.6%

Education (25+)

34.1%

27.1%

33.9%

No HS diploma4.9%

HS diploma34.1%

Some college27.1%

Bachelor's+33.9%

Housing tenure

86.6%

13.4%

Owner86.6%

Renter13.4%

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

2021 vs 2026

How ZIP 08731 in Forked River, NJ has changed in 5 years

Income

$85,321 → $98,582

up 15.5%

Population

21,037 → 21,629

up 2.8%

Renter share

15.2% → 13.4%

-1.8 pts

Bachelor's+

28.7% → 33.9%

+5.2 pts

Median age

45.8 → 47.2

+1.4 yrs

Median household income rose from $85,321 to $98,582 between 2021 and 2024, a 15.5% shift. The population has grown by 2.8% since 2021, moving from about 21,037 residents to roughly 21,629. Renters now make up 13.4% of households, compared with 15.2% five years ago. College-educated residents now make up 33.9% of adults here, versus 28.7% in 2021.

Community

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Local insights

Tips for renters in ZIP 08731

About renting in ZIP 08731

Last updated: October 17, 2026

ZIP code 08731 covers Forked River, NJ. The median rent here is $2,800/mo as of October 2026. A 1-bedroom rents for a median of $2,260/mo. A 2-bedroom rents for a median of $2,780/mo.

At 34% of local median household income ($98,582/yr), ZIP 08731 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 08731?

To keep rent at or below 30% of gross income, you would need to earn at least $112,000/year (about $54/hour full-time) to afford the median rent of $2,800/mo in ZIP 08731. The local median household income is $98,582/yr, so the typical household falls short of that bar.