What is the median home value in Rumson Borough, NJ?
The median value of owner-occupied homes in Rumson Borough, NJ is $1,679,300 (±$168,319), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Rumson Borough, the median home value went from $1,171,900 in 2015–2019 to $1,679,300 in 2020–2024 (+43.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median home value
- $1,679,300 (±$168,319)
- Owner-occupied homes
- 2,277 (±130)
- Most common range
- $1,000,000 or more
Home values in Rumson Borough
| Value | Rumson Borough | Monmouth County | New Jersey | United States |
|---|---|---|---|---|
| Less than $50,000 | 0.7% (±0.8 points) | 1.8% | 2.5% | 5.3% |
| $50,000 to $99,999 | 0.0% (±2.0 points) | 1.3% | 1.8% | 6.1% |
| $100,000 to $149,999 | 1.1% (±1.2 points) | 0.9% | 2.2% | 6.8% |
| $150,000 to $199,999 | 0.0% (±2.0 points) | 1.3% | 4.3% | 9.0% |
| $200,000 to $299,999 | 1.2% (±1.4 points) | 4.7% | 12.9% | 17.8% |
| $300,000 to $499,999 | 3.5% (±3.1 points) | 26.7% | 34.2% | 26.9% |
| $500,000 to $999,999 | 17.6% (±5.3 points) | 49.2% | 34.5% | 20.9% |
| $1,000,000 or more | 75.8% (±6.4 points) | 14.1% | 7.6% | 7.1% |
The most common range is $1,000,000 or more, 75.8% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Rumson Borough against Monmouth County, its state and the nation
| Rumson Borough | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Median home value | $1,679,300 (±$168,319) | $606,100 (±$5,540) | $454,400 (±$1,150) | $332,700 |
| Owner-occupied homes | 2,277 (±130) | 190,173 (±1,568) | 2,239,128 (±10,678) | 84,210,142 |
In Rumson Borough, the median home value is higher than in Monmouth County ($606,100).
It is also higher than in New Jersey ($454,400).
It is higher than the national figure ($332,700).
In Monmouth County, Rumson Borough ranks 3 of 53 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 10 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Rumson Borough have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $1,171,900 (±$66,975) | $1,679,300 (±$168,319) | +43.3% | Up after inflation |
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.
Median home value in places near Rumson Borough
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Rumson Borough | — | $1,679,300 (±$168,319) | — |
| Sea Bright Borough | 1.6 mi | $821,100 (±$82,571) | Lower |
| Fair Haven Borough | 1.8 mi | $992,200 (±$66,905) | Lower |
| Monmouth Beach Borough | 2.1 mi | $995,000 (±$113,622) | Lower |
| Little Silver Borough | 2.3 mi | $955,900 (±$83,171) | Lower |
| Highlands Borough | 3.0 mi | $455,000 (±$106,841) | Lower |
| Oceanport Borough | 3.3 mi | $757,700 (±$72,257) | Lower |
| Navesink | 3.4 mi | $755,900 (±$184,447) | Lower |
| Red Bank Borough | 3.4 mi | $504,900 (±$63,340) | Lower |
Nearby places with a measurably lower figure: Sea Bright Borough, NJ ($821,100), Fair Haven Borough, NJ ($992,200), Monmouth Beach Borough, NJ ($995,000).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Monmouth County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 (tie) | Sea Girt Borough | $2,000,000 or more |
| 1 (tie) | Spring Lake Borough | $2,000,000 or more |
| 3 | Rumson Borough | $1,679,300 (±$168,319) |
| 4 | Deal Borough | $1,642,000 (±$547,941) |
| 5 | Avon-by-the-Sea Borough | $1,509,600 (±$256,512) |
| 6 | Loch Arbour Village | $1,375,000 (±$308,453) |
| 7 | Allenhurst Borough | $1,152,800 (±$107,950) |
| 8 | Interlaken Borough | $1,058,200 (±$52,812) |
| 9 | Monmouth Beach Borough | $995,000 (±$113,622) |
Showing 9 of 53 places in Monmouth County, ranked from highest to lowest.
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 Rumson Borough
What is the average home value in Rumson Borough, NJ?
The Census Bureau publishes the median: $1,679,300 (±$168,319) for owner-occupied homes in Rumson Borough (2020–2024 American Community Survey).
Have home values in Rumson Borough gone up?
In Rumson Borough, the median home value went from $1,171,900 in 2015–2019 to $1,679,300 in 2020–2024 (+43.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Is this what homes in Rumson Borough sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Rumson borough, Monmouth County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Rumson borough, Monmouth County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Rumson borough, Monmouth County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Rumson borough, Monmouth County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Rumson borough, Monmouth County, New Jersey (county subdivision:65130, in state:34 county:025).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
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 .
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