The story of this market
The typical home in ZIP 07701 sells for about $700,000, or $444 per square foot.
Prices are up +9.9% from a year ago, so sellers still have some momentum. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,880 a month.
ZIP 07701 — Red Bank
The Red Bank housing market remains competitive with low inventory and steady price appreciation. High demand for transit-accessible properties continues to drive the market, though rising interest rates and tax burdens remain key considerations for buyers.
This ZIP is ideal for commuters seeking rail access to NYC, families looking for established school districts, and professionals drawn to the vibrant downtown lifestyle.
Median prices moved up 9.9% year over year.
Homes spend a median of 16 days on market with 0.7 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 105.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 5.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 07701, Monmouth County NJ
The area is served by the Red Bank Borough Public Schools and Red Bank Regional High School, which provide comprehensive K-12 education.
The area is subject to standard coastal New Jersey flood and storm risk management protocols.
Red Bank serves as a regional commercial and transit hub with ongoing mixed-use development and a strong local business district.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (New Jersey) — Farmland Assessment: Property is assessed based on its productive capability for agricultural use rather than its full market value, resulting in a lower tax burden. State (New Jersey) — Ad Valorem Property Tax: Tax is calculated as (Assessed Value * Tax Rate). Assessed value is determined by the municipal assessor at 100% of true market value. The tax rate is set by local taxing districts to cover municipal, county, and school budgets.
Red Bank features a NJ Transit station providing direct rail access to New York City, with major highway access via the Garden State Parkway.
The area offers extensive access to the Navesink River, local parks, and a vibrant downtown shopping and dining district.
The rental market is highly competitive with a low vacancy rate of approximately 2.75%, driven by demand for transit-oriented housing.
The local economy is anchored by professional services, retail, and healthcare, benefiting from its status as a regional transit and cultural center.
The area is well-connected via the NJ Transit North Jersey Coast Line and proximity to the Garden State Parkway.
Ongoing urban renewal efforts focus on transit-oriented development and downtown revitalization.
Monmouth County utilizes a county-wide assessment system to determine property values for tax purposes.
Parcels are subject to municipal, county, and school district tax levies.
Property insurance premiums are influenced by coastal hazard exposure and regional market trends.
Data retrieved from Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Provides recreational boating and scenic views.
A central waterfront park hosting community events.
A major regional hub for retail and culinary experiences.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 47.1% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.