What is the median home price in Asbury Park (07712)?

The current median list price in Asbury Park (ZIP 07712) is approximately $921K. Prices vary based on proximity to the beach, property size, and condition. Check the market snapshot above for the latest data.

Is Asbury Park a good place to buy a shore home?

Asbury Park offers its own unique character within Monmouth County. Consider factors like beach access, local amenities, commute times, and rental potential. Many buyers rent in the area first to experience the community before purchasing.

How long do homes stay on the market in 07712?

Days on market in Asbury Park varies seasonally. Summer listings often move faster due to higher buyer activity. Check the current market metrics above to see how quickly homes are selling in this area right now.

Can I rent out my property in Asbury Park?

Rental regulations in Asbury Park depend on local ordinances. Some shore towns welcome short-term vacation rentals while others restrict them. Contact the local municipality for current rental permit requirements and restrictions.

What are the flood insurance costs in 07712?

Flood insurance costs in Asbury Park depend on the property's elevation, flood zone designation, and whether the structure has been elevated. Properties in high-risk zones (A or V zones) require flood insurance for federally-backed mortgages.

Asbury Park Real Estate

Monmouth County Housing Market Is Heating Up

$921KMedian Price

92Listings

38Days on Market

Asbury Park Housing Market

Asbury Park's turnaround over the past fifteen years is well documented in New Jersey real estate, but the market has not fully priced it in yet. The town went from a distressed, boarded-up oceanfront city to one of the Shore's more walkable destinations in roughly a decade, built on investment in the Convention Hall complex, the boardwalk, and a restaurant and bar scene that draws visitors year-round. The LGBTQ+ community was an early driver of the revitalization and remains central to the town's identity and commercial life. For buyers, Asbury Park offers something scarce on the Shore: walkability, an arts community, and NJ Transit rail service about 65 miles from NYC. Buyers skew younger than the traditional shore market, mostly urban professionals wanting beach access without the suburban quiet of Spring Lake or the tourist density of Ocean City. Prices have climbed substantially, but relative to comparable towns, Asbury is still on the affordable side.

Summer is peak season for shore real estate activity. Expect competition for beachfront and ocean-view properties as seasonal buyers are most active.

Price Trends (24 Months)

Median List Price

Latest: $921K

Current Market Snapshot

Median Price

$921K

+12.6%YoY

Active Listings

Days on Market

Monthly Change

-3.2%

Compared to Monmouth County

ZIP Median Price

$921K

County Median

$814K

Difference

+13.2%above county avg

Market Health Indicators

Price Trend

+12.6%

Days on Market

38 days

Inventory

About Asbury Park

Asbury Park is a shore community in Monmouth County. Learn more about beaches, attractions, dining, and events.

Asbury Park

Try Asbury Park Before You Buy

Rent a vacation home to experience the neighborhood before committing — or book a hotel for a scouting trip.

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Investment Potential

Investment Calculator

Estimate your potential returns if you rent out your Asbury Park property during summer months.

Purchase Price

Down Payment: 20%

10%$184K50%

Interest Rate: 7%

Weekly Rental Rate

Peak summer week rate

Weeks Rented/Year: 12

4 wks20 wks

Annual Summary

Gross Rental Income$33,600

Est. Expenses (30%)-$10,080

Net Rental Income$23,520

Annual Mortgage-$58,806

Property Tax (est.)-$16,573

Annual Cash Flow$-51,859

Cap Rate

0.8%

Cash-on-Cash

-28.2%

Investment Outlook

Challenging as pure investment. Negative cash flow means you would need other income or appreciation to justify. Better suited as a vacation home with some rental offset.

* Estimates only. Consult a financial advisor and research local rental regulations. Expenses estimate includes insurance, maintenance, management, and vacancy.

Nearby ZIP Codes

07716Atlantic Highlands 07732Highlands 07760Sea Bright 07750Monmouth Beach 07740Long Branch 07723Deal

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Asbury Park Real Estate FAQs

Is Asbury Park a good place to buy real estate?

Asbury Park has appreciated significantly over the past decade and arguably still has upside relative to comparable Shore markets. The walkability score, year-round visitor economy, and NJ Transit access make it attractive to buyers who want more than a summer-only investment. The buyer profile is broader than most shore towns.

How is the rental market in Asbury Park?

Strong and year-round, which is unusual for the Shore. The restaurant, bar, and music scene draws visitors in fall and winter, not just summer. Long-term rental demand from young professionals is also significant. Buyers can target either vacation rental income or long-term tenants, depending on preference.

Is Asbury Park LGBTQ+ friendly?

Yes. The LGBTQ+ community was central to the town's revitalization beginning in the 2000s and remains a core part of the social fabric. Asbury Park Pride is one of the larger Pride events in New Jersey. The town has a diverse, inclusive culture that sets it apart from most Shore destinations.

How far is Asbury Park from New York City?

About 65 miles from Manhattan. NJ Transit North Jersey Coast Line has direct service from Asbury Park station to Penn Station. Off-peak, the ride is roughly 80-90 minutes. This makes Asbury Park one of the more practical Shore options for buyers who commute to NYC part-time.

What neighborhoods in Asbury Park should I look at?

The boardwalk corridor (Kingsley and Ocean Avenues) has the most activity. The West Side has seen revitalization and lower price points. Springwood Avenue is an emerging corridor. Buyers looking for value should look a few blocks inland -- ocean-block prices have moved substantially.

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