Living in Freehold, New Jersey
Cost of living, income, home prices, rent and demographics of Freehold · Census data 2020–2024
Freehold has 12,507 residents with a median age of 35.5. The median household income is $85,707 (17% lower than the New Jersey median), the median home value is $416,800, the median rent is $1,832/month.
Freehold at a glance
- Population
- 12,507
- Median age
- 35.5State: 40.1
- Median household income
- $85,707State: $103,556
- Median home value
- $416,800State: $454,400
- Median rent
- $1,832/moState: $1,720
- Homeowners
- 53.8%
- Bachelor's degree or higher
- 29.5%
- Average commute
- 23 min
Is Freehold a good place to live?
Pros: Home values 8% lower than the state median; an average commute of 23 minutes.
Cons: Median household income 17% lower than the New Jersey median; unemployment of 8.2%; a poverty rate of 14.3%.
The weather is best in May–June and August–September.
Cost of living in Freehold
Housing is the biggest part of the cost of living. In Freehold the median home value is $416,800, 25% higher than the U.S. median. Renters pay a median of $1,832 per month, which is 32.7% of household income. Homeowners with a mortgage pay $2,577 a month in housing costs.
Freehold median household income
The median household income in Freehold is $85,707 and the income per person is $35,668. 14.3% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Freehold: homes for sale and rent
- Housing units
- 4,379
- Owner-occupied
- 53.8%
- Renter-occupied
- 46.2%
- Vacant
- 4.1%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.96
Freehold demographics
- Population
- 12,507
- Median age
- 35.5
- Under 18
- 28%
- 65 and older
- 14%
- Households
- 4,201
- Foreign-born
- 26.6%
- Veterans
- 4.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Freehold ›
Education in Freehold
29.5% of adults 25 and older in Freehold have a bachelor's degree or higher (New Jersey: 43.6%), and 9.4% have a graduate or professional degree.
Jobs and commute in Freehold
- Unemployment rate
- 8.2%State: 6.3%
- Average commute
- 23 minState: 31 min
- Work from home
- 9.2%
- Drive alone
- 58.5%
- Public transit
- 4.1%
- Walk to work
- 5%
- Homes with broadband
- 86.6%
Freehold vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Freehold | 12,507 | $85,707 | $416,800 | $1,832 |
| East Freehold | 5,096 | $189,219 | $645,900 | $2,069 |
| West Freehold | 14,883 | $130,800 | $529,000 | $2,144 |
| Manalapan | 40,693 | $152,832 | $655,500 | $1,960 |
| Yorketown | 7,261 | $173,510 | $598,000 | $2,729 |
| Englishtown | 1,989 | $91,111 | $509,900 | $2,100 |
| Robertsville | 12,035 | $210,661 | $685,100 | $2,715 |
| Marlboro | 41,648 | $186,292 | $701,200 | $2,699 |
| Colts Neck | 9,953 | $199,573 | $917,200 | $2,777 |
More for people moving to Freehold
Freehold ZIP code ›Weather and climate ›Living in Freehold: FAQ
What is the median household income in Freehold, NJ?
The median household income in Freehold is $85,707, 17% lower than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Freehold?
The median home value in Freehold is $416,800, compared with $454,400 in New Jersey.
How much is rent in Freehold?
The median gross rent in Freehold is $1,832 per month, about 32.7% of household income.
Is Freehold, NJ a good place to live?
Pluses: home values 8% lower than the state median; an average commute of 23 minutes. Minuses: median household income 17% lower than the New Jersey median; unemployment of 8.2%; a poverty rate of 14.3%.
What is the median age in Freehold?
The median age in Freehold is 35.5 years (New Jersey: 40.1).
How long is the commute in Freehold?
The average commute to work in Freehold is 23 minutes; 9.2% of workers work from home.
What is the unemployment rate in Freehold?
The unemployment rate in Freehold is 8.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Freehold?
29.5% of adults in Freehold have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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