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Shrewsbury borough, NJ

ZIP 07702 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07702

Median Home Value
$735,900
Median Rent
$2,849
Affordability Snapshot
$203,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,727/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

21.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07702 in Shrewsbury borough, NJ, a household would need roughly $203,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,727. That is about 40% above the local median household income ($144,500), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
84.1%+29% vs US avg
x
Vacancy Rate
2.2%-78% vs US avg
x
Broadband Access
86.6%-0% vs US avg
x
4+ Bedrooms
13.9%-6% vs US avg
x
Built Pre-1939
6.2%-51% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
81.9%+65% vs US avg
x
Mortgage-Free
34.8%-9% vs US avg
x
$735,900
Home Value
$2,849
Rent
1960
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached85.5%
  • 1-unit attached5.8%
  • 2-9 units0.0%
  • 10+ units8.7%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$735,900
Median rent$2,849
Owner-occupied84.1%
Vacant2.2%
Price-to-income5.1x
Est. income to buy$203,000