Toms River, New Jersey Housing Market Prices
Toms River Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 45% above the New Jersey median$512,208
-
Median rent 1% below the New Jersey median$1,710
Housing Market Overview
| Metric | Toms River | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $512,208 | $352,792 | $248,835 |
| Price Trend (Annual %) | 10.7% | 4.4% | 7.5% |
| Median Gross Rent | $1,710 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Toms River is about 45% higher than in New Jersey. Rent is about 1% lower than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Toms River, up about 10.7% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Toms River rose about 33.4% between 2015 and 2024, from $1,282 to $1,710. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in Toms River.
Buying the median-priced home in Toms River costs roughly 25.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Toms River. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Toms River | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $512,208 | $352,792 | $248,835 |
| Median Household Income | $100,354 | $103,817 | $80,455 |
| Price-to-Income Ratio | 5.1 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Toms River rose about 99.5%, while median household income rose about 33.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Toms River | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.3% | 59.1% | 58.5% |
| Rental Rate | 17.2% | 33.5% | 31.2% |
| Vacancy Rate | 8.5% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Toms River has a homeownership rate of 74.3%, higher than the New Jersey average of 59.1%. Its housing vacancy rate is 8.5%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Toms River | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1979 | 1968 | 1978 |
| Median Number of Rooms | 6.2 | 5.7 | 5.5 |
The typical housing unit in Toms River was built around 1979. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Toms River, New Jersey.
What is the median home price in Toms River, New Jersey?
The median home price in Toms River, New Jersey is $512,208, higher than the New Jersey average of $352,792.
What is the average home price in Toms River, New Jersey?
The typical home price in Toms River, New Jersey, reported as the median sale price, is $512,208. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Toms River, New Jersey?
The median gross rent in Toms River, New Jersey is $1,710 per month, lower than the New Jersey average of $1,719.
What was the median gross rent in Toms River in 2020?
In 2020, the median gross rent in Toms River, New Jersey was $1,431 per month.
What is the price-to-rent ratio in Toms River, New Jersey?
The price-to-rent ratio in Toms River, New Jersey is about 25.0, meaning it would take roughly 25.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Toms River.
Are home prices or rent rising faster in Toms River, New Jersey?
Both home prices and rent are rising in Toms River, up about 10.7% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Toms River, New Jersey?
74.3% of households in Toms River, New Jersey own their home, higher than the New Jersey average of 59.1%.
What is the vacancy rate in Toms River, New Jersey?
The housing vacancy rate in Toms River, New Jersey is 8.5%, higher than the New Jersey average of 7.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →