ZIP Code 08720 Demographics

Monmouth County, New Jersey  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 08720 compared to county averages.

Total Population

644

↓ 99.9% vs county

Median HH Income

$138,636

↑ +17.0% vs county

Median Home Value

$632,800

↑ +21.9% vs county

Median Age

52.7 yrs

↓ +21.7% vs county

Unemployment Rate

7.5%

↓ +38.9% vs county

Income & Housing Comparison

How ZIP 08720 compares to Monmouth County and New Jersey overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 08720 $139k Monmouth $119k New Jersey $97k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 08720 $633k Monmouth $519k New Jersey $401k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

38.5%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

83.2%

of occupied housing units are owner-occupied

Median Gross Rent

—

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 08720 using local Census metrics.

Median Home Value$632,800
Down Payment (20%)$126,560
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$4,018P&I: $3200 | Tax: $633 | Ins: $185
Rent (Local Median)
$1,500
Renting is CheaperRenting is estimated to save you $2,518/month compared to buying costs.

How Does 08720 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 08720 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 08720, sorted by distance.

08736 2.2 mi away monmouth county 07719 2.5 mi away monmouth county 08750 3.0 mi away monmouth county 08730 3.1 mi away monmouth county 08724 3.5 mi away ocean county 07762 3.6 mi away monmouth county 08742 4.5 mi away ocean county 07727 5.2 mi away monmouth county

About Monmouth County

Monmouth County is located in New Jersey and has a total population of 643,064. The county's median household income is $118,527 and median home value is $519,300. ZIP code 08720 is one of many ZCTAs within this county.

View all ZIP codes in Monmouth County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.