Housing market/New Jersey/ZIP 07731
ZIP 07731 Howell, New Jersey
Monmouth-Ocean, NJ HUD Metro FMR Area · New Jersey. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 07731 · NJ — sent to you.
ZIP 07731 · NJ
ACS rent vs 2BR SAFMR
ZIP 07731 — Howell, NJ HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 07731
- 1-unit detached11,82683.9%
- 1-unit attached9296.6%
- 2–4 units970.7%
- 5–49 units4082.9%
- 50+ units2331.7%
- Mobile6094.3%
2–4 unit share 0.7% · 5–49 unit share 2.9% · combined 2–49 3.6%.
Units by bedrooms
Rent burden
- ACS median gross rent $2,619 (all bedrooms, occupied rentals).
- Median contract rent $2,376.
- Renters paying ≥30% of income 54.4%; ≥50% 35.6%.
- FY2027 2BR SAFMR $3,210 (1.226× ACS median gross rent).
Population
39,924 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +3.7%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 5 projects, 483 units.
- HUD project-based assisted MF: 3 properties, 114 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 613 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 07731 9.5% of occupied households are renters; vacancy is 2.5%; ACS median gross rent is $2,619; population increased +3.7% between the 2018 and 2023 ACS vintages; the housing stock includes 97 units in 2–4-unit structures and 408 units in 5–49-unit structures; 5 LIHTC projects totaling 483 units; FY2027 2BR SAFMR is $3,210 versus ACS median gross rent of $2,619. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
New Jersey research
ZIP 07731 is a Census / HUD profile for Monmouth-Ocean, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 07731 — Howell, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Jersey research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 07731?
ZIP 07731 (Monmouth-Ocean, NJ HUD Metro FMR Area) has 39,924 residents, 13,755 households, a renter share of 9.5%, median household income of $130,064, and ACS 2023 median gross rent of $2,619. Vacancy is 2.5%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 07731?
ACS counts 10 units in 2-unit buildings, 87 in 3–4 unit buildings, 346 in 5–9, 62 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 505 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 07731?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,210. See the full schedule and 90–110% payment-standard band on the ZIP 07731 — Howell, NJ HUD Section 8 Payment Standards / SAFMR.
Does this New Jersey ZIP profile include Georgia listings?
No. ZIP 07731 is Census / HUD research for Monmouth-Ocean, NJ HUD Metro FMR Area. Jeff Crowe CRE does not list New Jersey property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.