08501 — Monmouth County, New Jersey Market Snapshot
Housing market data for zip code 08501 in Monmouth County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
13 sales in 2026 (year to date)
Median Sale Price
$672,000
Days to Sell
38
Homes Sold
13
Inventory
11
Sale-to-List
99.9%
New Listings
25
Price/SqFt
$308
Pending Sales
23
Conforming Loan Available
Most homebuyers in 08501 can comfortably use conventional financing. The median home price of $672,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
08501's market is balanced with homes taking an average of 38 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 08501 (99.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 08501 can comfortably use conventional financing. The median home price of $672,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 08501 are set at the county level.
2026 Loan Limits — Monmouth County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,209,750 | $1,249,125 |
| 2 Units | $1,548,975 | $1,599,375 |
| 3 Units | $1,872,225 | $1,933,200 |
| 4 Units | $2,326,875 | $2,402,625 |
Affordability Snapshot — Zip 08501
To purchase the median home at $672,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,299.
Monthly Payment
$5,299
Income Required
$227,085
Principal & Interest
$4,141/mo
Down Payment (5%)
$33,600
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 08501.
Estimated Monthly Payment
$4,309
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