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ZIP Code · NJ

ZIP 08731

Pop. 21,629·Ocean County·42nd most expensive ZIP in New Jersey
Median rent (all units)
$2,780/mo
Year-over-Year
+15.3%
Month-over-Month
+15.3%
vs US Median
+$815
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 08731 · $2,780
More expensive than 88% of US ZIP codes · National median $1,965/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: April 19, 2026

Annual cost
$33,360/yr
At $2,780/mo median
Location
StateNJ
CountyOcean County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 15.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+15.3% YoY, +15.3% 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: April 19, 2026

ZIP code 08731 covers Forked River, NJ. The median rent here is $2,780/mo as of April 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%. Rents have increased 15.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 08731?

As of April 19, 2026, the median monthly rent in ZIP 08731 (Forked River, NJ) is $2,780. This is based on aggregated data from public sources and community submissions.

How does ZIP 08731 rent compare to the US average?

ZIP 08731's median rent of $2,780/mo is $815 (41%) above the US national median of $1,965/mo.

How does ZIP 08731 compare to other ZIPs in New Jersey?

ZIP 08731 is one of the pricier ZIP codes in New Jersey, ranking #42 out of 229 ZIPs tracked at $2,780/mo.

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 $111,000/year (~$53/hour full-time) to afford the median rent of $2,780/mo in ZIP 08731. The local median household income is $98,582/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 08731?

Rent in ZIP 08731 has increased 15.3% over the past year as of April 19, 2026, putting upward pressure on renter budgets.

Is ZIP 08731 an affordable place to rent?

ZIP 08731 is considered moderate for renters. At $2,780/mo, rent takes approximately 34% of the local median household income ($98,582/yr). The standard benchmark is 30%. ZIP 08731 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 08731 residents rent vs. own?

According to Census data, approximately 13.4% of ZIP 08731 households are renters, while 86.6% are owner-occupied. ZIP 08731 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 08731 compare to the rest of Forked River?

ZIP 08731 is pricier than Forked River as a whole. At $2,780/mo, it's $130 above the Forked River citywide median of $2,650/mo.

When was rent data for ZIP 08731 last updated?

Rent data for ZIP 08731 reflects April 19, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
34%
MODERATE

At $2,780/mo, rent takes ~34% of ZIP 08731's median household income ($98,582/yr). The standard benchmark is 30%.

ZIP 08731 34%Benchmark 30%
State income tax1.4–10.75%
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Public schools near ZIP 08731 (Forked River, NJ)

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