Housing data for Shrewsbury Borough, NJ
Shrewsbury Borough, NJ has an estimated 4,179 residents and 1,546 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a borough in Monmouth County.
14.2% of households rent.
The median gross rent is $3,472 a month.
Its population grew measurably since 2015–2019 (+2.3%).
Figures last updated on .
- Residents
- 4,179 (±28)
- Housing units
- 1,546 (±104)
- Households that rent
- 14.2%
- Median gross rent
- $3,472
- Residents since 2015–2019
- +2.3%
What stands out in Shrewsbury Borough
Median gross rent: $3,472 (±$1,644) in Shrewsbury Borough, higher than in Monmouth County ($1,827).
Renters paying 30% or more of income: 86.4% (±23.5 points) in Shrewsbury Borough, higher than in Monmouth County (52.7%).
Commuting by public transportation: 12.8% (±5.6 points) in Shrewsbury Borough, higher than in Monmouth County (5.2%).
Households that moved in since 2020: 30.2% (±8.8 points) in Shrewsbury Borough, higher than in Monmouth County (18.6%).
- Median rent in Shrewsbury Borough
- Rent burden in Shrewsbury Borough
- Commute and cars in Shrewsbury Borough
- How long people stay in Shrewsbury Borough
Housing in Shrewsbury Borough at a glance
- Median rent: $3,472 median gross rent a month
- Rent burden: 86.4% of renters pay 30% or more of income
- Renters and owners: 14.2% of households rent
- Income and affordability: $178,958 median household income
- Home values: $811,400 median home value
- Homeowner costs: $3,782 median monthly cost with a mortgage
- Property taxes: $10,000 or more median real estate taxes a year
- Types of homes: 8.9% of homes are in buildings of 5 or more units
- Bedrooms: 81.9% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 53.9% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 90.5% heat with utility gas
- Commute and cars: 35.2 minutes average trip to work
- Crime reported to police: 72 violent crimes per 100,000 residents
- Growth: +2.3% residents since 2015–2019
- How long people stay: 30.2% moved in since 2020
- Crowding and facilities: 3.1% of homes have more than 1 person per room (Small sample: wide margin of error)
- Fair Market Rent: $3,420 Small Area FMR, 2 bedrooms (ZIP 07702)
Shrewsbury Borough against Monmouth County, its state and the nation
| Shrewsbury Borough | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Residents | 4,179 (±28) | 645,353 (exact) | 9,343,809 (exact) | 334,922,499 |
| Housing units | 1,546 (±104) | 270,415 (±215) | 3,791,354 (±469) | 143,775,355 |
| Households that rent | 14.2% (±4.8 points) | 24.4% (±0.6 points) | 36.2% (±0.2 points) | 34.8% |
| Median gross rent | $3,472 (±$1,644) | $1,827 (±$30) | $1,720 (±$7) | $1,413 |
| Median household income | $178,958 (±$37,285) | $124,845 (±$2,115) | $103,556 (±$513) | $80,734 |
| Median home value | $811,400 (±$32,010) | $606,100 (±$5,540) | $454,400 (±$1,150) | $332,700 |
| Median real estate taxes (a year) | $10,000 or more | $10,000 or more | $9,590 (±$25) | $3,119 |
| Built before 1980 | 53.9% (±10.0 points) | 57.1% (±1.1 points) | 62.8% (±0.3 points) | 49.7% |
| Average commute | 35.2 minutes (±5.1) | 32.1 minutes (±0.4) | 30.5 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 87.0% (±4.7 points) | 93.7% (±0.4 points) | 92.8% (±0.1 points) | 91.0% |
| Median age of residents | 43.4 years (±2.8) | 43.2 years (±0.2) | 40.1 years (±0.1) | 38.9 years |
Shrewsbury Borough covers 2.2 square miles of land, about 1,934 residents per square mile (Census Bureau Gazetteer).
How Shrewsbury Borough has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 4,086 (±18) | 4,179 (±28) | +2.3% | Measurable increase |
| Housing units | 1,443 (±106) | 1,546 (±104) | +7.1% | Not a measurable change |
| Median gross rent | $2,735 (±$142) | $3,472 (±$1,644) | +26.9% | No measurable change after inflation |
| Median home value | $589,400 (±$32,501) | $811,400 (±$32,010) | +37.7% | Up after inflation |
| Median household income | $124,474 (±$16,125) | $178,958 (±$37,285) | +43.8% | No measurable change after inflation |
| Median owner cost with a mortgage | $3,224 (±$199) | $3,782 (±$312) | +17.3% | No measurable change after inflation |
| Households that rent | 9.4% (±4.8 points) | 14.2% (±4.8 points) | +4.8 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±22.6 points) | 0.0% (±18.8 points) | 0.0 percentage points | Not a measurable change |
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 Shrewsbury Borough
In 2025, the Shrewsbury Police Department reported 72 violent and 1,512 property crimes per 100,000 residents to the FBI.
ZIP codes in Shrewsbury Borough
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 07702 | 100% | 4,179 | $3,472 | $811,400 | $178,958 |
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 Shrewsbury Borough
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Shrewsbury Township | 1.2 mi | $1,856 | $165,300 | 30.9% |
| Little Silver Borough | 1.4 mi | $3,500 or more | $955,900 | 3.7% |
| Red Bank Borough | 1.6 mi | $2,026 | $504,900 | 49.9% |
| Oceanport Borough | 2.1 mi | $1,608 | $757,700 | 16.9% |
| Eatontown Borough | 2.4 mi | $1,601 | $492,400 | 41.9% |
| Fair Haven Borough | 2.6 mi | $3,492 | $992,200 | 10.2% |
| Fairview | 3.0 mi | $3,250 | $622,600 | 7.5% |
| West Long Branch Borough | 3.3 mi | $1,970 | $684,300 | 30.0% |
Places in New Jersey most like Shrewsbury Borough
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Roseland Borough | $3,297 | $665,700 | $164,458 | 17.7% |
| Watchung Borough | $2,738 | $882,500 | $173,672 | 15.9% |
| Holmdel Township | $2,891 | $843,000 | $165,013 | 8.4% |
| Colts Neck Township | $2,777 | $917,200 | $199,573 | 5.7% |
| Livingston Township | $2,949 | $821,100 | $229,806 | 11.1% |
| Franklin Lakes Borough | $3,230 | $1,264,000 | $235,795 | 11.1% |
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 Shrewsbury Borough, 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 Shrewsbury Borough, 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.
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 Shrewsbury Borough
What is the average rent in Shrewsbury Borough, NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Shrewsbury Borough is $3,472 (±$1,644) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
Are renters in Shrewsbury Borough rent-burdened?
86.4% of renting households in Shrewsbury Borough 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 Shrewsbury Borough?
Shrewsbury Borough has an estimated 214 (±77) renting households, 14.2% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Shrewsbury Borough?
The median household income in Shrewsbury Borough is $178,958 (±$37,285) a year (2020–2024 American Community Survey).
What is the average home value in Shrewsbury Borough, NJ?
The Census Bureau publishes the median: $811,400 (±$32,010) for owner-occupied homes in Shrewsbury Borough (2020–2024 American Community Survey).
What is the average mortgage payment in Shrewsbury Borough?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Shrewsbury Borough, NJ is $3,782 (±$312) a month, including taxes, insurance and utilities.
Is Shrewsbury Borough growing?
In Shrewsbury Borough, the number of residents went from 4,086 in 2015–2019 to 4,179 in 2020–2024 (+2.3%), a measurable increase.
What ZIP codes are in Shrewsbury Borough?
The ZIP code that covers Shrewsbury Borough is 07702.
What is the median rent in ZIP code 07702?
The median gross rent in ZIP Code Tabulation Area 07702 is $3,472 (±$1,644) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Shrewsbury borough, Monmouth County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Shrewsbury borough, Monmouth County, New Jersey
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Shrewsbury borough, Monmouth County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Shrewsbury borough, Monmouth County, New Jersey
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Shrewsbury borough, Monmouth County, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Shrewsbury borough, Monmouth County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Shrewsbury borough, Monmouth 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: Shrewsbury Police Department (ORI NJ0134500)
- 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 Shrewsbury borough, Monmouth County, New Jersey (county subdivision:67350, 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 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 .