Hazlet, NJ real estate: the numbers, explained.

Home values in Hazlet

Zillow Home Value Index (all homes, middle tier, smoothed, seasonally adjusted) for the Zillow region “Hazlet Township”, September 30 of each year. Source: Zillow Research.

Zillow’s Home Value Index for Hazlet Township was $616,060 as of September 30, 2026, up 7% from a year earlier and up 38.6% over five years. Over ten years the index rose 95.1%. ZHVI models a typical home value. It isn’t the price of any specific house.

The NJ Division of Taxation’s 2026 Average Residential Statistics show an average residential sale price of $592,776 across 70 sales used in that report. Averages can be pulled up or down by a few sales, which is one reason it can differ from Zillow’s index.

The Census Bureau’s survey puts the median value of owner-occupied homes, as estimated by owners, at $465,900 (2020–2024 average), compared with a Monmouth County town median of $666,900.

Hazlet property taxes

Hazlet’s 2025 general tax rate was 1.933 per $100 of assessed value, and its effective tax rate was 1.956%, higher than the Monmouth County town median of 1.607% and lower than the statewide municipal median of 2.141%. That ranks it #44 lowest of 52 Monmouth County municipalities by effective rate. The average residential tax bill was $10,000 on an average assessment of $517,337 across 6,341 residential properties.

Applied to the typical home value of $616,060, the effective rate implies roughly $12,050 a year ($1,004 a month) in property tax. The Division publishes the effective rate for comparing towns, not for computing a specific bill, so use it as a ballpark.

What it costs to own vs. rent

For a $616,060 home with 20% down ($123,212) and a 30-year fixed loan at 7.18%, Freddie Mac’s national average for the week of November 5, 2026, principal and interest come to about $3,339 a month. With estimated property tax that’s about $4,343, before insurance, any HOA fee and utilities. For comparison, the Census median gross rent in Hazlet is $1,400.

Run my numbers for HazletRent vs buy here

Who lives in Hazlet

About 20,470 people live in Hazlet. 88.9% of occupied homes are owner-occupied (county town median 72.3%), so the market is mostly owner-occupied single homes. 82.3% of housing units are single-family detached houses. The median resident age is 43.8, and 30.1% of adults 25 and older hold a bachelor’s degree or higher. Median household income is $122,020, about the same as the county town median of $121,908.

The median home in Hazlet was built in 1965. Much of the housing predates 1978, so buyers should plan for older-home checks: lead-based paint disclosure, an oil-tank sweep if the house ever had oil heat, knob-and-tube or older electrical, galvanized plumbing, and a sewer-line scope. See the NJ inspection checklist.

Commuting from Hazlet

Workers in Hazlet average 32.2 minutes each way (those who don’t work from home), about the same as the Monmouth County town median of 32.0 minutes. 4.3% commute by public transportation, so most commuters drive and 13.6% work from home.

Schools

I don’t republish unofficial school scores. For Hazlet, start with the New Jersey Department of Education’s School Performance Reports, then confirm the exact school assignment for any address with the district, since some NJ towns send students to regional or neighboring high schools. See how to research NJ schools.

Downtown, food and things to do

The best way to judge Hazlet’s restaurants, parks and weekend life is in person. Visit on a weeknight and a Saturday morning, check the town recreation calendar and walk the blocks you’d live on. My town scouting checklist shows what to look for.

My take for buyers, sellers and renters

• Buyers: taxes run above the county median, so budget on the tax bill, not just the price. Ask for the current bill on every listing.
• Sellers: values are up 38.6% in five years, so many owners have significant equity. See your number in the seller net sheet.

Nearby towns at a similar price