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Spring Lake borough, NJ

ZIP 07762 — 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 07762

Median Home Value
$871,400
Median Rent
$1,677
Affordability Snapshot
$240,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,598/mo PITI).

19%
Rent-to-Income Ratio

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

8.4x
Home Price-to-Income Ratio

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

43.3 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 07762 in Spring Lake borough, NJ, a household would need roughly $240,000 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 $5,598. That is about 131% above the local median household income ($103,947), 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

Vacancy rate 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
65.4%+0% vs US avg
x
Vacancy Rate
21.0%+104% vs US avg
x
Broadband Access
91.1%+5% vs US avg
x
4+ Bedrooms
17.5%+18% vs US avg
x
Built Pre-1939
3.8%-70% vs US avg
x
Built Post-2014
1.2%-83% vs US avg
x
Rent Burden >30%
31.4%-37% vs US avg
x
Mortgage-Free
53.1%+39% vs US avg
x
$871,400
Home Value
$1,677
Rent
1972
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 detached59.1%
  • 1-unit attached13.4%
  • 2-9 units10.6%
  • 10+ units16.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$871,400
Median rent$1,677
Owner-occupied65.4%
Vacant21.0%
Price-to-income8.4x
Est. income to buy$240,000