Asbury Park, NJ

This city of 15,698 residents needs 787 more housing units over the next five years. Asbury Park is a CDBG-entitlement community, see how the ROAD to Housing Act could change that funding. Asbury Park is part of the North Jersey Transportation Planning Authority.

Housing snapshot

Population
15,698 (2026)
Households
7,591
Median household income
$87,756 (2026)
Typical home value
$770,179
Owner-occupied
24%
Five-year housing need
787 units

Comparison to other New Jersey municipalities

Asbury Park: $87,756 Median income (2026 estimate)
<$46K >$255K
Asbury Park: 0.78 jobs to household ratio
<0.11 >2.52
Asbury Park: Permits since 2021 represent 3.6% of housing
<0% >12.6%
On this page

How affordable is this community?

The typical home in Asbury Park, NJ is valued at $770,179, well above the New Jersey average of $576,578. With a median household income of $87,756 in Asbury Park, NJ, the typical home is far out of reach for most households, requiring roughly $120,587 more in annual income to afford.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How is the population changing?

Asbury Park, NJ has a population of roughly 15,295 that has been largely stable in recent years.

Population growth patterns reveal how communities are evolving. This chart shows historical population changes by age group and projects future trends based on demographic patterns.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

Asbury Park, NJ has roughly 7,591 households and a population that has been largely stable in recent years.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

The housing stock in Asbury Park, NJ is relatively mixed, with 5-49 unit multifamily as the most common type at 30%. Asbury Park, NJ is a heavily renter-occupied market, with just 24% of households owning their home.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How much new housing supply is needed?

To keep up with growth and fill current housing shortages, Asbury Park, NJ needs 787 new units over the next 5 years.

309
Units needed to keep up with expected growth
Projected total household growth from 2026 to 2031.
4.1%
Projected household growth rate
Expected increase in total households from 7,591 in 2026 to 7,900 in 2031.
478
Units to address shortages in existing housing stock
Production needs to address vacancy rates and other factors.
43
Replacement housing
Effective annual loss rate is 1.0 per 1,000 units.
278
Rental vacancy adjustment
Rental vacancy is 3.0%. This is below the minimum stable target of 7.4%.
157
Overcrowding adjustment
Overcrowding rate is 5.5%. This is above National avg. of 3.4%.
787
Total 5-year housing production need (2026-2031)
157
Annual production pace
Average units needed per year to meet 5-year need
9.1%
Total housing unit growth
Percent increase in housing stock over 5 years
1.8%
Annual housing unit growth
Average percent increase in housing stock per year

Build Now Act: how could CDBG funding change?

The Build Now Act (Section 213 of the 21st Century ROAD to Housing Act) ties a CDBG entitlement community's grant to how much housing it is building. This is a CommunityScale estimate from public ACS data, not HUD's official determination — HUD calculates from Census Master Address File block counts.

How does this place compare to similar communities?