Shrewsbury, NJ 07702 Commercial Properties For Sale
The median home value in Shrewsbury, NJ 07702 is $738,200. This is higher than the county median home value of $592,600. The national median home value is $338,100. The average price of homes sold in Shrewsbury, NJ 07702 is $738,200. Approximately 86.28% of Shrewsbury, NJ 07702 homes are owned, compared to 13.07% rented, while 0.66% are vacant. Shrewsbury, NJ 07702 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Shrewsbury, NJ 07702 real estate agent to arrange a tour today!
Learn More About Shrewsbury, NJ 07702 Real EstateStatistics & facts
4,051
Population
$738K
Medium Home Value
1,361
# of Households
0.66%
Housing Vacancy
49.57%
Future Job Growth
2.70%
Unemployment Rate
 |
| Real Estate listings held by other brokerage firms are marked with the name of the listing broker. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Knoxville Area Association of Realtors. All rights reserved. |
Population
Shrewsbury, NJ 07702 has a population of approximately 4,051 and experiences a population change rate of 12.84%. The population density is 1,874.6 / sq mi.
Household
The median household income for Shrewsbury, NJ 07702 is $149,792, with 1,361 households and an average household size of 2.93.
Cost of Living
The cost of living index in Shrewsbury, NJ 07702 is 163.3%.
Home Value
The median value of a home in Shrewsbury, NJ 07702 is $738,200 with an appreciation rate of 17.5%. 86.3% of housing in the zip code is owned while 13.1% is rented.
Employment
The unemployment rate in Shrewsbury, NJ 07702 is 2.70%, and recent job growth is at 2.41%. Future job growth is projected at 49.57%.
Taxes
The sales tax rate in Shrewsbury, NJ 07702 is 6.63%, while the income tax rate is 5.53%.
Education
School expenditures in Shrewsbury, NJ 07702 are $24,780, and the school ratio is 11:1.
Weather
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 24.3 degrees. The average rainfall is approximately 47.4 inches per year, with 26.4 inches of snow per year.
Education near Shrewsbury NJ, 07702
| Metric | City | County |
|---|---|---|
| High School Graduates | 98.55 | 94.12 |
| College Degree - 2 year | 6.93 | 7.65 |
| College Degree - 4 year | 64.56 | 48.51 |
| Graduate Degree | 17.91 | 13.47 |
| Expenditures per Student | $24,780 | $24,780 |
| Students per Teacher | 11.00 | 11.00 |
Elementary Schools near Shrewsbury NJ , 07702
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Fairview Elementary School | KG - 05 | 304 | 13.7 | 07701 |
| Mahala F. Atchison School | PK - 03 | 654 | 12.8 | 07724 |
| Margaret L Vetter | KG - 06 | 285 | 11 | 07724 |
| Meadowbrook | PK - 06 | 301 | 12 | 07724 |
| Point Road School | PK - 04 | 460 | 12.4 | 07739 |
| Red Bank Primary School | PK - 03 | 699 | 14.9 | 07701 |
| River Plaza Elementary School | KG - 05 | 325 | 12.9 | 07701 |
| Shrewsbury Borough School District | PK - 08 | 482 | 11.9 | 07702 |
| Wolf Hill Elementary School | PK - 04 | 340 | 12.6 | 07757 |
Middle Schools near Shrewsbury NJ , 07702
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Maple Place Middle School | 05 - 08 | 288 | 9.9 | 07757 |
| Markham Place | 05 - 08 | 385 | 11.2 | 07739 |
| Memorial Middle School | 07 - 08 | 226 | 8.7 | 07724 |
| Red Bank Middle School | 04 - 08 | 525 | 13.8 | 07701 |
| Swimming River School | 04 - 05 | 333 | 9.8 | 07724 |
| Tinton Falls Middle School | 06 - 08 | 520 | 11.2 | 07724 |
High Schools near Shrewsbury NJ , 07702
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Monmouth Regional High School | 09 - 12 | 985 | 12.9 | 07724 |
| Red Bank Regional High School | 09 - 12 | 1233 | 11.1 | 07739 |
