08510 — Monmouth County, New Jersey Market Snapshot
Housing market data for zip code 08510 in Monmouth County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
11 sales in 2026 (year to date)
Median Sale Price
$985,000
Days to Sell
56
Homes Sold
11
Inventory
11
Sale-to-List
97.9%
New Listings
20
Price/SqFt
$277
Pending Sales
17
Conforming Loan Available
The median home in 08510 at $985,000 falls within the 2026 conforming loan limit of $1,209,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
08510's market is balanced with homes taking an average of 56 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 08510 sells for 2.1% below asking price (97.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 08510 at $985,000 falls within the 2026 conforming loan limit of $1,209,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 08510 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 08510
To purchase the median home at $985,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $7,697.
Monthly Payment
$7,697
Income Required
$329,861
Principal & Interest
$6,069/mo
Down Payment (5%)
$49,250
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 08510.
Estimated Monthly Payment
$6,246
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