Photo: joiseyshowaa · CC BY-SA 2.0Even on the area’s higher pay, Colts Neck Township costs more to live in than 96% of U.S. towns
It ranks #400 of 468 in New Jersey for affordability. Up 10% in a year, more than twice the New Jersey typical home.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the New York-Newark-Jersey City, NY-NJ metro area ($99K). How TownRatings grades cost of living
The grade measures what housing costs against what households in the area earn. Colts Neck Township’s area earns well above the typical U.S. town ($99K against $74K), but homes, rent and taxes here run higher still. Owners keep up no better than renters: 29% of owners pay 30% or more of income for housing (typical U.S. town: 20%), against 18% of renters.
In dollars
- $1.4Mtypical home, 136% above the New Jersey typical homeZillow, September 2026
- $3,490a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 113prices across the New York metro, where the U.S. is 100 (housing 149)BEA Regional Price Parities, 2024
In paychecks the grade
- 9.3 yrsof area income buys the typical home; the typical U.S. town: 3.3$99K, New York-area income
- 34%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 29%of owners do; the typical U.S. town: 20%Census 2020–24
What Colts Neck Township’s housing numbers say
Nearly every household owns
94% of Colts Neck Township households own their home, against 64% across New Jersey. There are only 132 renter households, so rentals are scarce. Property taxes ↓
Renting costs far less than owning
A two-bedroom rents for about $3,490 a month. Owning the typical Colts Neck Township home, with 20% down at the calculator’s rate, runs about $9,510 with tax and insurance: more than twice as much. Can I afford it? ↓
The priciest town in its area
Colts Neck Township tops the three neighboring towns with a Zillow value. The next most expensive is Holmdel Township at $1.12M; the least, Tinton Falls at $653K. Vs. neighbors ↓
Fewer people, more homes
Between the 2010 and 2020 censuses, Colts Neck Township lost 185 residents while 66 new homes were permitted. New homes ↓
Written from the data on this page. Home values are the Zillow Home Value Index, through September 2026; permits are Census figures through 2025; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Colts Neck Township’s grade
Measured against what households in the area earn, Colts Neck Township is more affordable than 4% of U.S. towns, #400 of 468 in New Jersey. Rent pulls the grade down most; the share of households paying 30%+ for housing holds it up.
Values have outpaced New Jersey: the typical Colts Neck Township home is up 47.5% in five years, against 35.2% statewide (Zillow).
Up 47.5% in five years
Faster than New Jersey (35.2%).
Show as a table
| January | Colts Neck Township | New Jersey |
|---|---|---|
| 2017 | $718,000 | $313,000 |
| 2018 | $734,000 | $326,000 |
| 2019 | $751,000 | $339,000 |
| 2020 | $739,000 | $353,000 |
| 2021 | $809,000 | $389,000 |
| 2022 | $944,000 | $436,000 |
| 2023 | $1,026,000 | $466,000 |
| 2024 | $1,125,000 | $506,000 |
| 2025 | $1,206,000 | $544,000 |
| 2026 | $1,266,000 | $562,000 |
| September 2026 | $1,358,000 | $575,000 |
A typical Colts Neck Township home worth $717K in October 2016 is worth about $1.36M today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
A typical home costs 9.3 years of area income
The calculator starts from the area income the grade uses. Switch to Colts Neck Township’s own median, or type yours.
That’s $1.03M short of a typical Colts Neck Township home.
A two-bedroom rents for about $3,490 a month here, $6,020 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the New Jersey typical property tax (2.11% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $3,490
Renters already here pay a median of $2,777, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Monmouth-Ocean, NJ HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
9 new homes permitted in 2025
Builders were permitted 9 new homes in Colts Neck Township in 2025, all single-family houses, worth about $2.1 million to build. That's 0.9 per 1,000 residents, slower than across New Jersey (3.1). Over the past 10 years, Colts Neck Township has permitted 138 homes in all.
Between the 2010 and 2020 censuses, Colts Neck Township's population fell by 185 even though 66 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across New Jersey: 2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 18 | 18 | 0 | $8.3 million |
| 2025 | 9 | 9 | 0 | $2.1 million |
| 2024 | 11 | 11 | 0 | $4.6 million |
| 2023 | 34 | 34 | 0 | $32 million |
| 2022 | 30 | 30 | 0 | $8.9 million |
| 2021 | 17 | 17 | 0 | $11 million |
| 2020 | 11 | 11 | 0 | $10.6 million |
| 2019 | 6 | 6 | 0 | $5.2 million |
| 2018 | 7 | 7 | 0 | $3.8 million |
| 2017 | 8 | 8 | 0 | $5.2 million |
| 2016 | 5 | 5 | 0 | $2.6 million |
| 2015 | 6 | 6 | 0 | $7.7 million |
| 2014 | 10 | 10 | 0 | $7.1 million |
| 2013 | 7 | 7 | 0 | $5.2 million |
| 2012 | 6 | 6 | 0 | $3.3 million |
| 2011 | 5 | 5 | 0 | $8.2 million |
| 2010 | 6 | 6 | 0 | $7.7 million |
| 2009 | 6 | 6 | 0 | $4.8 million |
| 2008 | 9 | 9 | 0 | $7.6 million |
| 2007 | 13 | 13 | 0 | $7.6 million |
| 2006 | 11 | 11 | 0 | $5 million |
| 2005 | 19 | 19 | 0 | $9.2 million |
| 2004 | 32 | 30 | 2 | $16.8 million |
| 2003 | 22 | 22 | 0 | $13.2 million |
| 2002 | 31 | 31 | 0 | $13.3 million |
| 2001 | 48 | 48 | 0 | $21.7 million |
| 2000 | 58 | 58 | 0 | $22.9 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
High tax bills, but a low tax rate
The median bill is $10,000+ (New Jersey: $9,590), because homes cost more. As a share of value it’s 1.09%+ a year, against 2.11% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Colts Neck Township
Only figures published free for the whole country, each labeled with the area it covers: the New York-Newark-Jersey City, NY-NJ metro area, or New Jersey. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 113 | NJ 109 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 110 | NJ 107 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 127 | NJ 114 | metro | BEA, 2024 |
| Other services U.S. = 100 | 106 | NJ 104 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Colts Neck Township vs. its neighbors
Of the 4 towns here with a Zillow value, Colts Neck Township has the 4th-lowest. Marlboro Township and Middletown Township and Howell Township have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Colts Neck Township | D− | $1.4M | $917K | 1.09%+ | $3,490 |
| Tinton Falls | D | $653K | $478K | 1.56% | $2,250 |
| Holmdel Township | D− | $1.1M | $843K | 1.19%+ | $3,480 |
| Lincroft | – | $1.1M | $807K | 1.24%+ | $1,230 |
| Middletown Township | C− | — | $608K | 1.64%+ | $2,160 |
| Marlboro Township | D | — | $701K | 1.43%+ | $3,390 |
| Howell Township | D− | — | $507K | 1.85% | $2,720 |
“+”: the Census reports the tax bill only as $10,000 or more, so the rate is at least that. “—” under Cost: not graded (too little Census data, or under 1,000 residents). “—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Colts Neck Township
Is Colts Neck Township expensive to live in?
Measured against what households in the area earn, Colts Neck Township costs more than 96% of U.S. towns: a D− for cost of living, #400 of 468 in New Jersey. The typical home costs 9.3 years of the median household income of the New York-Newark-Jersey City, NY-NJ metro area ($99K).
How much does a house cost in Colts Neck Township?
About $1.4M, Zillow’s typical value for September 2026, up 10.0% in a year. The New Jersey typical home is $575K.
What salary do you need to live in Colts Neck Township?
To buy the typical home with 20% down at 6.3%, about $408,000 a year, keeping the payment (about $9,510 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $140,000.
How much is rent in Colts Neck Township?
HUD puts a two-bedroom at about $3,490 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $2,777 (Census 2020–24).
What are property taxes in Colts Neck Township?
The median bill is $10,000+ a year, 1.09% of the median home value (New Jersey: $9,590, 2.11%), from the Census 2020–24.
Are home prices in Colts Neck Township going up?
Yes: up 10.0% in the past year and 47.5% in five years, against 35.2% across New Jersey (Zillow).
Neighbors talk housing
What Colts Neck Township buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.