Surrounding submarket Area
Matawan, New Jersey is a part of the West Monmouth Submarket submarket area, and contains zip code 7747.
Matawan Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Matawan, NJ submarket area was $1,389, which is 16.14% higher than 2014 average rent. This represents a compounded annual growth rate of 3.04%. 2019 vacancy in Matawan, NJ was 4.30%.
The total population of the city of Matawan, NJ has decreased 0.84% since 2010. As of 2018, the population was 8,736. The median household income of the Matawan was $94,375, which is 56.53% higher than the national average.
- submarket area West Monmouth Submarket
- avg rent $1,389
- rent growth 16.14%
- vacancy 4.30%
- median income $94,375
- population (2018) 8,736
- population growth -0.84%
- vs. nat'l avg 56.53%
- zip code 7747