What is the median home price in Spring Lake (07762)?

The current median list price in Spring Lake (ZIP 07762) is approximately $1787K. Prices vary based on proximity to the beach, property size, and condition. Check the market snapshot above for the latest data.

Is Spring Lake a good place to buy a shore home?

Spring Lake 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 07762?

Days on market in Spring Lake 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 Spring Lake?

Rental regulations in Spring Lake 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 07762?

Flood insurance costs in Spring Lake 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.

Spring Lake Real Estate

Monmouth County Housing Market Is Heating Up

$1.8MMedian Price

13Listings

41Days on Market

Spring Lake Housing Market

Spring Lake is called the Irish Riviera, a nickname that came from decades of New York and New Jersey Irish-American families buying summer homes that eventually became permanent residences and multi-generational properties. No boardwalk by design. A quiet lake, parks, and private beach access restricted to residents. Victorian homes on the ocean blocks regularly sell above $3 million, while inland properties provide a lower entry point into one of the more stable shore markets in Monmouth County. The typical buyer is affluent Tri-State Area: Manhattan or suburban NJ families who want a shore house that functions as a retreat. Spring Lake does not have much of a rental market because most owners hold for personal use. If you want a property that generates summer income, you will find less competition here than in Ocean City. The buyer pool you are competing against for purchase, though, is still strong and steady.

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: $1.8M

Current Market Snapshot

Median Price

$1.79M

-29.2%YoY

Active Listings

Days on Market

Monthly Change

-37.4%

Compared to Monmouth County

ZIP Median Price

$1.8M

County Median

$814K

Difference

+119.7%above county avg

Market Health Indicators

Price Trend

-29.2%

Days on Market

41 days

Inventory

About Spring Lake

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

Spring Lake

Try Spring Lake 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 Spring Lake property during summer months.

Purchase Price

Down Payment: 20%

10%$357K50%

Interest Rate: 7%

Weekly Rental Rate

Peak summer week rate

Weeks Rented/Year: 12

4 wks20 wks

Annual Summary

Gross Rental Income$64,800

Est. Expenses (30%)-$19,440

Net Rental Income$45,360

Annual Mortgage-$114,134

Property Tax (est.)-$32,166

Annual Cash Flow$-100,940

Cap Rate

0.7%

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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Spring Lake Real Estate FAQs

Why is Spring Lake called the Irish Riviera?

The nickname dates to the late 19th and early 20th centuries when Irish-American families from New York and New Jersey began buying summer homes in Spring Lake. The community built strong social ties around churches, summer events, and multi-generational homeownership. The Irish-American identity remains part of the town's culture.

Does Spring Lake have public beach access?

Spring Lake beach is restricted to residents and their guests. This is intentional and part of the town's identity. Non-residents cannot purchase beach badges, which keeps crowds manageable and supports property values. It is a meaningful difference from most Monmouth County shore towns.

What types of homes are available in Spring Lake?

Spring Lake has a high concentration of Victorian and Colonial-style homes, particularly on the ocean and lake blocks. Many are historic, well-maintained, and substantial in size. Newer construction exists but is less common. Prices range from around $1M for inland smaller homes to well above $3M on ocean blocks.

Is Spring Lake good for rental income?

Not primarily. Most owners in Spring Lake hold properties for personal use and do not rent. If you want vacation rental income, Ocean City or Wildwood are better fits. The absence of a rental-heavy culture is part of the neighborhood's appeal for buyers who want a stable, community-oriented environment.

How does Spring Lake compare to Sea Girt?

Spring Lake and Sea Girt (the borough just south) are closely comparable in character and price. Both have private beach access, quiet residential character, and similar buyer demographics. Spring Lake is somewhat larger with more amenities. Sea Girt is smaller and quieter, with the added attraction of a state marina.

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