Real Estate Investing in Mantoloking, New Jersey (08738)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08738 (Mantoloking, NJ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 66.4% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Mantoloking, NJ (08738)?
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Market Analysis: 08738 Mantoloking
The 08738 ZIP covers a section of Mantoloking that demands careful diligence. Prices near $2.2M look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 08738 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 08738 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Turning to rents, 1,371 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 08738 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Mantoloking:
Property Strategy for 08738
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $1,369,646 | $3,490 | 1.8% | +12.4% | $456,549 |
| 4BR | $1,974,783 | $3,870 | 1.4% | +12.7% | $493,696 |
| 5BR | $3,250,737 | — | — | +12.3% | $650,147 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08738 Compare?
| Metric | 08738 | Mantoloking | New Jersey |
|---|---|---|---|
| Home Value | $2,232,332 | $2,232,332 | $559,826 |
| 5-Year CAGR | 8.7% | 8.7% | 8.4% |
| Avg Rent | $9,125 | $9,125 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 08738 (Mantoloking, 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 | $2,232,332 |
| Monthly Rent | $9,125 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +8.7% ▲ |
| 5-Year CAGR | +8.7% ▲ |
| 10-Year CAGR | +9.1% ▲ |
🏠 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 (3.2%). 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 08738
Population: 1,371
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 08738
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Osbornville Elementary School
Lake Riviera Middle School
Drum Point Road Elementary School
Warren H. Wolf Early Childhood Development Center
Lavallette Elementary School
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
Investor Insight: With 1,857 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are vacancy rates like in Mantoloking, NJ?
Vacancy in Mantoloking, NJ is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $9,125/mo.
How strong is tenant demand in Mantoloking, NJ?
Mantoloking, NJ draws a stable base of working renters. Demand at the $9,125/mo rent level is reasonable for standard single-family and small multi rentals.
Should investors consider Mantoloking, NJ?
The 3.0/5 investability rating in Mantoloking, NJ reflects its $2.2M prices and $9,125/mo rents. Investors generally consider it a solid option within NJ.
Does house hacking work in Mantoloking, NJ?
House hacking works a tougher in Mantoloking, NJ. Rents of $9,125/mo against $2.2M acquisition make the strategy solid for owner-occupants.
What is the best play in Mantoloking, NJ?
For Mantoloking, NJ, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 08738 now. You don’t know where it ranks.
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How 08738 ranks in New York-Newark-Jersey City, NY-NJ-PA
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