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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Freehold, NJ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Freehold, NJ Housing Market Trends

With 12,497 people, 4,388 houses or apartments, and a median cost of homes of $402,443, Freehold real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Freehold, accounting for 49.94% of the borough's housing units. Other types of housing that are prevalent in Freehold include duplexes, homes converted to apartments or other small apartment buildings ( 22.02%), large apartment complexes or high rise apartments ( 21.71%), and a few row houses and other attached homes ( 6.10%).

The most prevalent building size and type in Freehold are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 50.75% owning and 49.25% renting.

There is a lot of housing in Freehold built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Freehold built between 1940-1969 ( 30.06%). A lesser amount of the housing stock also hails from before 1939 ( 22.77%). There's also some housing in Freehold built between 2000 and later ( 7.42%).

Freehold Home Appreciation Rates

Real estate appreciation rates in Freehold's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.37% during the period.

NeighborhoodScout's data show that during the latest twelve months, Freehold's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Freehold's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New Jersey, our data show that Freehold's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Freehold differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Freehold - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Freehold real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$402,443

Freehold, NJ Home Prices
> $1,291,000
$968,001 - $1,291,000
$645,001 - $968,000
$517,001 - $645,000
$387,001 - $517,000
$258,001 - $387,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
2.0%
2.0%
0.0%
0.0%
8.5%
8.5%
18.7%
18.7%
37.3%
37.3%
26.6%
26.6%
4.3%
4.3%
0.6%
0.6%
1.9%
1.9%
0% 100.0%
% of Homes
Low

for New jersey

High

for nation

Number of Homes And Apartments:

4,388

Freehold Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,209 / per month

Homeownership Rate

Owners
Renters
50.8%
50.8%
49.2%
49.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.4%
3.4%
96.6%
96.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.4%
7.4%
39.7%
39.7%
30.1%
30.1%
22.8%
22.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
49.9%
49.9%
6.1%
6.1%
22.0%
22.0%
21.7%
21.7%
0.0%
0.0%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.9%
3.9%
21.7%
21.7%
22.0%
22.0%
35.3%
35.3%
14.1%
14.1%
3.0%
3.0%
0% 100.0%
% of Homes