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Lakewood CDP, NJ

ZIP 08701 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08701

Median Home Value
$430,700
Median Rent
$1,510
Affordability Snapshot
$119,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,767/mo PITI).

29%
Rent-to-Income Ratio

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

6.9x
Home Price-to-Income Ratio

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

23.8 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 08701 in Lakewood CDP, NJ, a household would need roughly $119,000 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 $2,767. That is about 89% above the local median household income ($62,811), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
50.8%-22% vs US avg
x
Vacancy Rate
6.9%-33% vs US avg
x
Broadband Access
67.9%-22% vs US avg
x
4+ Bedrooms
23.1%+56% vs US avg
x
Built Pre-1939
1.2%-91% vs US avg
x
Built Post-2014
1.1%-83% vs US avg
x
Rent Burden >30%
35.6%-28% vs US avg
x
Mortgage-Free
40.1%+5% vs US avg
x
$430,700
Home Value
$1,510
Rent
1993
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached36.3%
  • 1-unit attached34.5%
  • 2-9 units13.1%
  • 10+ units16.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$430,700
Median rent$1,510
Owner-occupied50.8%
Vacant6.9%
Price-to-income6.9x
Est. income to buy$119,000