Real Estate Investing in Lakewood, New Jersey (08701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08701 (Lakewood, NJ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 21.1% poverty rate — can affect rent collection.
What’s happening in Lakewood, NJ (08701)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 08701 Lakewood
This part of Ocean County is not an easy win. The 08701 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $2,137/mo on a $588K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 08701 sits below the stated 0.0% once reality is priced in.
The gap between 08701 and stronger Lakewood ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 08701 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Lakewood:
Property Strategy for 08701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $152,765 | $1,650 | 7.8% | +15.3% | $152,765 |
| 2BR | $252,401 | $2,030 | 5.8% | +12.3% | $126,200 |
| 3BR | $634,604 | $2,650 | 3.0% | +15.2% | $211,535 |
| 4BR | $775,110 | $2,940 | 2.7% | +15.0% | $193,777 |
| 5BR | $1,058,670 | — | — | +13.4% | $211,734 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08701 Compare?
| Metric | 08701 | Lakewood | New Jersey |
|---|---|---|---|
| Home Value | $588,170 | $588,170 | $559,826 |
| 5-Year CAGR | 11.8% | 11.8% | 8.4% |
| Avg Rent | $2,137 | $2,137 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 08701 (Lakewood, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Ocean County
Manage rentals here? List your business →Horizon Real Estate and Property Management, Inc. provides homeowner association management services to Manchester, NJ area communities, including condo management. summary from their website
Renaissance Professional Property Management serves Long Beach Island, NJ. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $588,170 |
| Monthly Rent | $2,137 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 14.6% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +8.2% ▲ |
| 5-Year CAGR | +11.8% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 08701
Population: 136,784
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 08701
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How tight is the rental market in Lakewood, NJ?
Lakewood, NJ vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is NJ a landlord-friendly state?
For rental operators, Lakewood, NJ rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
What is the average home sale price in Lakewood, NJ?
Median home price in Lakewood, NJ is near $588K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Does house hacking make sense in Lakewood, NJ?
The house hack math a challenging in Lakewood, NJ. Owner-occupant buyers benefit from the $2,137/mo rents and $588K home values.
Is the tenant base reliable in Lakewood, NJ?
Lakewood, NJ draws a consistent base of working renters. Demand at the $2,137/mo rent level is reasonable for standard single-family and small multi rentals.
You know 08701 now. You don’t know where it ranks.
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How 08701 ranks in New York-Newark-Jersey City, NY-NJ-PA
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