Housing data for Lakewood Township, NJ
Lakewood Township, NJ has an estimated 139,019 residents and 33,812 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Ocean County.
48.5% of households rent.
The median gross rent is $1,774 a month.
Its population grew measurably since 2015–2019 (+35.7%).
Figures last updated on .
- Residents
- 139,019 (±39)
- Housing units
- 33,812 (±949)
- Households that rent
- 48.5%
- Median gross rent
- $1,774
- Residents since 2015–2019
- +35.7%
What stands out in Lakewood Township
Households that rent: 48.5% (±2.1 points) in Lakewood Township, higher than in Ocean County (19.3%).
Homes in buildings of 5 or more units: 19.0% (±2.0 points) in Lakewood Township, higher than in Ocean County (8.3%).
Median household income: $65,101 (±$3,571) in Lakewood Township, lower than in Ocean County ($89,863).
Median real estate taxes: $8,023 (±$557) in Lakewood Township, higher than in Ocean County ($6,562).
- Renters and owners in Lakewood Township
- Types of homes in Lakewood Township
- Income and affordability in Lakewood Township
- Property taxes in Lakewood Township
Housing in Lakewood Township at a glance
- Median rent: $1,774 median gross rent a month
- Rent by bedrooms: $1,730 median gross rent, 2 bedrooms
- Rent burden: 66.7% of renters pay 30% or more of income
- Renters and owners: 48.5% of households rent
- Income and affordability: $65,101 median household income
- Home values: $466,700 median home value
- Homeowner costs: $2,806 median monthly cost with a mortgage
- Property taxes: $8,023 median real estate taxes a year
- Types of homes: 19.0% of homes are in buildings of 5 or more units
- Bedrooms: 56.0% of homes have 3 or more bedrooms
- Age of homes: 34.9% of homes were built before 1980
- Vacancy rate: 3.9% rental vacancy rate
- Heating fuel: 72.2% heat with utility gas
- Commute and cars: 24.3 minutes average trip to work
- Crime reported to police: 129 violent crimes per 100,000 residents
- Growth: +35.7% residents since 2015–2019
- How long people stay: 22.2% moved in since 2020
- Crowding and facilities: 11.9% of homes have more than 1 person per room
- Fair Market Rent: $2,050 Small Area FMR, 2 bedrooms (ZIP 08701)
Lakewood Township against Ocean County, its state and the nation
| Lakewood Township | Ocean County | New Jersey | United States | |
|---|---|---|---|---|
| Residents | 139,019 (±39) | 654,362 (exact) | 9,343,809 (exact) | 334,922,499 |
| Housing units | 33,812 (±949) | 296,357 (±123) | 3,791,354 (±469) | 143,775,355 |
| Households that rent | 48.5% (±2.1 points) | 19.3% (±0.7 points) | 36.2% (±0.2 points) | 34.8% |
| Median gross rent | $1,774 (±$64) | $1,755 (±$30) | $1,720 (±$7) | $1,413 |
| Median household income | $65,101 (±$3,571) | $89,863 (±$1,555) | $103,556 (±$513) | $80,734 |
| Median home value | $466,700 (±$29,941) | $398,400 (±$3,284) | $454,400 (±$1,150) | $332,700 |
| Median real estate taxes (a year) | $8,023 (±$557) | $6,562 (±$55) | $9,590 (±$25) | $3,119 |
| Built before 1980 | 34.9% (±2.8 points) | 48.3% (±1.0 points) | 62.8% (±0.3 points) | 49.7% |
| Average commute | 24.3 minutes (±1.7) | 30.0 minutes (±0.5) | 30.5 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 70.7% (±2.3 points) | 88.7% (±0.5 points) | 92.8% (±0.1 points) | 91.0% |
| Median age of residents | 18.1 years (±1.0) | 41.2 years (±0.2) | 40.1 years (±0.1) | 38.9 years |
Lakewood Township covers 24.7 square miles of land, about 5,633 residents per square mile (Census Bureau Gazetteer).
How Lakewood Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 102,466 (±36) | 139,019 (±39) | +35.7% | Measurable increase |
| Housing units | 26,035 (±623) | 33,812 (±949) | +29.9% | Measurable increase |
| Median gross rent | $1,427 (±$51) | $1,774 (±$64) | +24.3% | No measurable change after inflation |
| Median home value | $335,600 (±$12,344) | $466,700 (±$29,941) | +39.1% | Up after inflation |
| Median household income | $52,148 (±$2,377) | $65,101 (±$3,571) | +24.8% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,239 (±$123) | $2,806 (±$118) | +25.3% | No measurable change after inflation |
| Median real estate taxes | $6,929 (±$314) | $8,023 (±$557) | +15.8% | No measurable change after inflation |
| Households that rent | 49.7% (±1.8 points) | 48.5% (±2.1 points) | −1.2 percentage points | Not a measurable change |
| Rental vacancy rate | 1.6% (±1.0 points) | 3.9% (±1.5 points) | +2.3 percentage points | Measurable increase |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Lakewood Township
In 2025, the Lakewood Township Police Department reported 129 violent and 482 property crimes per 100,000 residents to the FBI.
Across Ocean County, the departments that report recorded 113 violent and 650 property crimes per 100,000 residents that year.
ZIP codes in Lakewood Township
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 08701 | 100% | 139,149 | $1,774 | $466,100 | $64,959 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Lakewood Township
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Ramtown | 3.6 mi | — | $487,500 | 2.4% |
| Brick Township | 4.8 mi | $1,756 | $410,600 | 17.8% |
| Cedar Glen West | 5.3 mi | $740 | $82,900 | 9.7% |
| Toms River | 5.7 mi | $1,731 | $403,600 | 18.1% |
| Toms River Township | 6.0 mi | $1,726 | $416,700 | 17.9% |
| Pine Lake Park | 6.1 mi | $1,838 | $414,700 | 13.4% |
| Leisure Knoll | 6.3 mi | $1,710 | $313,700 | 5.2% |
| Leisure Village West | 6.3 mi | $1,379 | $222,600 | 12.3% |
Places in New Jersey most like Lakewood Township
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Glassboro Borough | $1,687 | $314,400 | $87,278 | 40.2% |
| North Hanover Township | $2,294 | $319,700 | $86,683 | 55.3% |
| Lake Como Borough | $1,810 | $634,500 | $82,045 | 36.7% |
| Cape May Court House | $1,429 | $381,200 | $74,464 | 33.6% |
| Hamilton Township (Atlantic County) | $1,691 | $246,200 | $78,850 | 29.3% |
| Mansfield Township (Warren County) | $1,438 | $367,300 | $88,845 | 37.9% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across New Jersey.
HUD Fair Market Rent for Lakewood Township, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,671 | $1,847 | $2,283 | $2,927 | $3,241 |
HUD also publishes a Small Area Fair Market Rent for each ZIP code in the area; the Fair Market Rent page for this place lists its ZIP codes.
HUD income limits for Lakewood Township, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $29,550 | $49,250 | $76,000 |
| 2 people | $33,800 | $56,250 | $86,850 |
| 3 people | $38,000 | $63,300 | $97,700 |
| 4 people | $42,200 | $70,300 | $108,550 |
| 5 people | $45,600 | $75,950 | $117,250 |
| 6 people | $49,000 | $81,550 | $125,950 |
| 7 people | $52,350 | $87,200 | $134,650 |
| 8 people | $55,750 | $92,800 | $143,300 |
These are the limits HUD sets for its housing programs in the Monmouth-Ocean, NJ HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $140,600.
A program can use its own limits; tax-credit and local programs often do.
Local rules in Lakewood Township
Lakewood Township has local landlord and tenant rules of its own on top of New Jersey law.
The figures for Lakewood Township include the places inside it that have pages of their own: Lakewood, Leisure Village, Leisure Village East.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lakewood Township
What is the average rent in Lakewood Township, NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Lakewood Township is $1,774 (±$64) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Lakewood Township?
The median gross rent for a one-bedroom home in Lakewood Township, NJ is $1,183 (±$88) a month (2020–2024 American Community Survey).
Are renters in Lakewood Township rent-burdened?
66.7% of renting households in Lakewood Township pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Lakewood Township?
Lakewood Township has an estimated 15,248 (±835) renting households, 48.5% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Lakewood Township?
The median household income in Lakewood Township is $65,101 (±$3,571) a year (2020–2024 American Community Survey).
What is the average home value in Lakewood Township, NJ?
The Census Bureau publishes the median: $466,700 (±$29,941) for owner-occupied homes in Lakewood Township (2020–2024 American Community Survey).
Is Lakewood Township growing?
In Lakewood Township, the number of residents went from 102,466 in 2015–2019 to 139,019 in 2020–2024 (+35.7%), a measurable increase.
What ZIP codes are in Lakewood Township?
The ZIP code that covers Lakewood Township is 08701.
What is the median rent in ZIP code 08701?
The median gross rent in ZIP Code Tabulation Area 08701 is $1,774 (±$64) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lakewood township, Ocean County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lakewood township, Ocean County, New Jersey
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lakewood township, Ocean County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lakewood township, Ocean County, New Jersey
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Lakewood township, Ocean County, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lakewood township, Ocean County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lakewood township, Ocean County, New Jersey
- HUD Fair Market Rents, fiscal year 2027: Monmouth-Ocean, NJ HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Monmouth-Ocean, NJ HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Lakewood Township Police Department (ORI NJ0151400)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lakewood township, Ocean County, New Jersey (county subdivision:38550, in state:34 county:029).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .