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Farmingdale, NJ

Full City Profile · New Jersey · Monmouth County County

3.3 /5.0
B Good
1,399 Population 2,690/sq mi density
$97,574 Median Income $42,572 per capita
$401,000 Home Value $793,423 Zillow
$1,548 Median Rent 37.1% income on rent
54°F Avg Temperature 275 sunny days/yr
17 Violent Crime/100K 1,696 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$97,574 median income, 8.7% unemployment
A
Affordability
4.4 / 5.0
$401,000 home value, $1,548/mo rent
F
Safety
1.0 / 5.0
17 violent crimes/100K
B+
Education
4.0 / 5.0
37.4% bachelor's degree or higher

Housing Overview

Median Home Value
$401,000
42% above
US avg: $281,900
Median Rent
$1,548/mo
33% above
US avg: $1,163/mo
Homeownership Rate
57.4%
12% below US avg (65.4%)
Total Housing Units
567
Median year built: 1972

Home Value by Source

Census Median
$401,000
Zillow (ZHVI)
$793,423
Median Sale Price
$354,637
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

57.4%
Owner-Occupied
42.6%
Renter-Occupied
57%
43%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent: $1,548/mo

Market Indicators (Redfin)

Median Days on Market
29 days
Sale-to-List Ratio
1.1%
Buyers market
Homes Sold
1
Price Drops
66.7%
of listings with price reduction
Price Per Sq Ft
$394
Active Inventory
3
homes for sale

Affordability & Housing Stock

Rent Burden
37.1%
of renters spending 30%+ of income on housing
20% above US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
57.4%

Complete Housing Data

Home Values

Census Median Value$401,000
Zillow Home Value (ZHVI)$793,423
Median Sale Price$354,637
Price Per Sq Ft$394

Rent

Census Median Rent$1,548
FMR Studio$1,599
FMR 1-Bedroom$1,759
FMR 2-Bedroom$2,132
FMR 3-Bedroom$2,658
FMR 4-Bedroom$3,005

Market

Days on Market29
Sale-to-List Ratio1.1%
Price Drops66.7%
Homes Sold1
Active Inventory3
Price Per Sq Ft$394

Ownership & Stock

Owner-Occupied57.4%
Renter-Occupied42.6%
Homeownership Rate57.4%
Total Housing Units567
Median Year Built1972
Rent Burden37.1%