NJShore Guide

07762 Real Estate

Spring Lake Housing Market

$1.1MMedian Price
13Listings
45Days on Market

Spring Lake Housing Market (07762)

Monmouth County presents opportunities for patient buyers. Prices are down 23.3% from last year, with a median of $1.07 million. Homes are staying on market longer at 45 days average, giving buyers leverage in negotiations.

Prices here run about 30% above the shore-wide average, reflecting desirable location and amenities.

Winter is typically the slowest season for shore real estate. Serious sellers may be more flexible on price during these months.

Price Trends (24 Months)

$667K$1.6M$2.5M$3.5M$4.4MFeb '24Jun '24Oct '24Feb '25Jun '25Oct '25Jan '26
Median List Price
Latest: $1.1M

Current Market Snapshot

Median Price
$1.07M
-23.3%YoY
Active Listings
13
Days on Market
45
Monthly Change
+28.1%

Compared to Monmouth County

ZIP Median Price
$1.1M
County Median
$825K
Difference
+30.0%above county avg

Market Health Indicators

Price Trend
-23.3%
Days on Market
45 days
Inventory
13

About Spring Lake

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

Spring Lake

Try Before You Buy in Spring Lake

Considering a move to 07762? Rent a vacation home first to experience the neighborhood and lifestyle before committing.

Browse Vacation Rentals

Investment Potential

Investment Calculator

Estimate your potential returns if you rent out your Spring Lake property during summer months.

$
10%$214K50%
$

Peak summer week rate

4 wks20 wks

Annual Summary

Gross Rental Income$38,400
Est. Expenses (30%)-$11,520
Net Rental Income$26,880
Annual Mortgage-$68,496
Property Tax (est.)-$19,304
Annual Cash Flow$-60,920
Cap Rate
0.7%
Cash-on-Cash
-28.4%

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 Highlands07732Highlands07760Sea Bright07750Monmouth Beach07740Long Branch07723Deal

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07762 Real Estate FAQs

What is the median home price in Spring Lake (07762)?
The current median list price in Spring Lake (ZIP 07762) is approximately $1072K. 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.
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