Matawan, New Jersey.
Typical home $658,834 (+5.1% in a year), asking rent $2,711 (-1.1%). New York-Newark-Jersey City, NY-NJ-PA metro.
to buy the typical home at today's mortgage rate — +$2,087 (+152%) since Jan 2020.
- 1 year
- Up $32,054 +5%
- $626,780$658,834 since Sep 2025
- 5 years
- Up $197,284 +43%
- $461,550$658,834 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Matawan$3,458
- New Jersey$3,019
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Matawan, NJ rose 5.1% over the past year — faster than the nation's +1.2%.
Asking rents in Matawan, NJ fell 1.1% over the past year — slower than the nation's +2.7%.
Owning the typical home in Matawan runs $2,604/mo more than renting one — the widest that gap has been in this data.
That is $5,315 a month against $2,711 rent: a $3,458 mortgage payment, plus $1,152 property tax and $705 insurance & upkeep.
Owning vs renting — Matawan
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$5,315
- Renting$2,711
- Mortgage only$3,458
Property tax · $1,152/mo 2.10% of value a year — the ACS 2020-2024 median bill over the median home value for Middlesex County, NJ
Insurance & upkeep · $705/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Matawan, Middlesex County, New Jersey
Matawan is a borough of 9,565 people in Middlesex County. Half its households earn more than $123,354 a year and half less, against $111,549 across Middlesex County; 10% of its people live below the poverty line. 52% of its homes are lived in by their owners and 48% are rented. Unemployment in Middlesex County was 4.8% in August 2026, and the county had 0.3% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Matawan is a borough in Middlesex County, and its residents are younger than in many American towns. Household incomes run above the county's, though a share of residents still live below the poverty line. About as many homes are rented as are lived in by their owners, and typical home values and rents are both high. Winters are cold, with January the coldest month, summers are warm, and the year brings a good deal of rain and melted snow.
Work. Many residents work in schools, hospitals and social care, in professional and business services, in the building trades, and in shops. A large share of adults hold a four-year degree, and a good number of people work from home, though the typical commute is a long one. Among the biggest workplaces in Matawan are the K. Hovnanian Companies corporate office, a residential builder, along with the Wawa convenience store and Gemtor-Matawan, a maker of welder's hoods. Unemployment across Middlesex County is lower than it was a year earlier, and the county has added a few more jobs.
Things to do. The best known sights are all a longer drive away. The Statue of Liberty is a famous tourist attraction, and Central Park is a large garden. The Metropolitan Museum of Art is among the museums within reach, and Coney Island offers a beach, also a longer drive away.
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- 3,895households
- 43%of adults have a degree
- 10%below the poverty line
- 32 mintypical commute
- 21%work from home
What residents work in
Employed residents by industry, from the Census survey. Middlesex County had 431,665 jobs in 2025, 0.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 42° and lows near 23°; warmest in July, with highs near 86° and lows near 66°. About 49 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Freehold-marlboro weather station, 7 miles away (NOAA).
Largest workplaces in Matawan
- K. Hovnanian Companies Corporate OfficeResidential construction, single-family, general contractors263
- MatawanMail and parcel delivery74
- WM Matawan Hauling55
- Wawa SiteConvenience store46
- Gemtor-MatawanWelder's hoods manufacturing32
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 5 workplaces with 20 or more staff, 470 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- Heat wavesRelatively high
- Winter weatherRelatively high
- LightningRelatively high
- Ice stormsRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Matawan’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Middlesex County and the New York-Newark-Jersey City, NY-NJ-PA metro.
Matawan home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Matawan$658,834
- New Jersey$575,123
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Matawan listings, and the typical home goes pending in 17 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Matawan23.95%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Matawan17
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Matawan110
New listings per month
Sellers arriving at the market.
- Matawan43
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Matawan$510,181
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Matawan102.69%
Zip codes with a Matawan address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Matawan — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.