Market Overview
Home Prices in Asbury Park, NJ
The median home value in Asbury Park, NJ is $701,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Asbury Park are priced71% above average. Asbury Park is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Asbury Park home values have risen by approximately28.8%, reflecting strong long-term appreciation in this market.
Price History
Asbury Park Home Price Trend
City Comparison
Asbury Park vs. National Median
At $701,724, homes in Asbury Park cost 71% above the national median of $410,000. Buyers in Asbury Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Asbury Park?
20% Down Payment
$140,345
on $701,724
Monthly P&I
$3,660/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,648/mo
incl. taxes & insurance
Income Needed
$185,920
gross annual (30% rule)
10% Down Option
$70,172
+ PMI applies
Loan Amount (20% dn)
$561,379
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Asbury Park, NJ?
The median home value in Asbury Park is $701,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Asbury Park?
Over the past year, home values in Asbury Park have increased by 3.9%. Over five years, prices have risen approximately 28.8%.
How much do I need to earn to buy a home in Asbury Park?
To comfortably afford the median home price of $701,724 with a 20% down payment ($140,345) at today's rates (6.8%), you'd need a gross annual income of approximately $185,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Asbury Park compare to the national average home price?
The national median home value is approximately $410,000. At $701,724, homes in Asbury Park are 71% above the national average.
What metro area is Asbury Park part of?
Asbury Park is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.