Real Estate Investing in Asbury, New Jersey (08802)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08802 (Asbury, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Asbury, NJ (08802)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 08802 Asbury
This part of Hunterdon County is not an easy win. The 08802 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 08802 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 08802's metrics run below Hunterdon County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 08802 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Asbury's stable or hybrid ZIPs before stepping into 08802. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Asbury:
Property Strategy for 08802
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $520,367 | $3,720 | 5.1% | +9.0% | $173,456 |
| 4BR | $758,619 | $4,170 | 4.0% | +9.4% | $189,655 |
Market Trends
Home Value History (with trend line)
📊 How Does 08802 Compare?
| Metric | 08802 | Asbury | New Jersey |
|---|---|---|---|
| Home Value | $620,265 | $620,265 | $559,826 |
| 5-Year CAGR | 5.3% | 5.3% | 8.4% |
| Avg Rent | $2,745 | $2,745 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 08802 (Asbury, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 08802 (Asbury, NJ)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $620,265 |
| Monthly Rent | $2,745 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (3.5%). 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 08802
Population: 4,604
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 08802
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Union Township Elementary School
Union Township Middle School
Hampton Borough 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 558 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does a duplex house hack pencil in Asbury, NJ?
The a challenging house-hack environment in Asbury, NJ reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Asbury, NJ a smart market for rental property?
The 3.0/5 investability rating in Asbury, NJ reflects its $620K prices and $2,745/mo rents. Investors generally consider it a solid option within NJ.
How strong is the working-renter base in Asbury, NJ?
Tenant demand in Asbury, NJ is solid. The local workforce $2,745/mo rents across most rental classes.
How high is vacancy risk in Asbury, NJ?
Vacancy risk in Asbury, NJ is elevated. That supports measured cash flow for typical rental holds.
Is NJ a landlord-friendly state?
Landlord-friendliness in Asbury, NJ is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 08802 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 08802 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 08802 ranks in New York-Newark-Jersey City, NY-NJ-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 08802 (Asbury)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 08802 (Asbury, NJ).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.