Freehold, NJ
Population 12,504 · New Jersey
About Freehold, NJ
Freehold is a mid-sized city located in New Jersey with a population of 12,504 residents according to the latest US Census Bureau American Community Survey data. The median household income is $82,183 per year, which is 9% above the national median of $75,149. The median age of 35.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Freehold features a median home value of $401,900, which is 64% above the national median of $244,900. This places Freehold in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,818, 56% above the national average of $1,163/month. Of the 4,437 total housing units, 50% are owner-occupied (2,143 units) and 50% are renter-occupied (2,127 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Freehold shows an unemployment rate of 7.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.3%, above the national average of 12.4%. Workers in Freehold have an average one-way commute time of 22.6 minutes.
Education & Demographics
28.7% of Freehold residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 29.3% White, 2.6% Hispanic or Latino, 6.1% Black or African American, and 15.7% Asian residents, with 27.4% of the population being foreign-born.
Cost of Living in Freehold, NJ
Compared to national averages, Freehold has a median household income of $82,183 (9% above the national median of $75,149). Home values average $401,900, which is 64% above the national median. Monthly rent at $1,818 is 56% above the US average of $1,163. Within New Jersey, Freehold's income is 29% below the state average of $115,667, and home values are 14% below the state median of $469,644.
Why Live in Freehold, NJ?
Freehold offers a strong local economy with a median household income of $82,183, well above the national average, and short commute times averaging just 22.6 minutes.
Potential considerations include a competitive housing market where the typical home costs $401,900. However, Freehold’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Freehold has a population of 12,504 with a median age of 35.4 years. Compare Freehold with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Freehold
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Haddonfield | 12,502 | $190,882 | $708,800 | Compare |
| Oakland | 12,700 | $162,862 | $567,200 | Compare |
| Upper Montclair | 12,279 | $250,001 | $968,200 | Compare |
| Pennsville | 12,238 | $75,162 | $188,100 | Compare |
| Red Bank | 12,864 | $101,738 | $477,000 | Compare |
| Holiday City-Berkeley | 12,896 | $47,855 | $237,200 | Compare |
| Glen Rock | 12,082 | $210,369 | $817,300 | Compare |
| Hasbrouck Heights | 12,067 | $118,670 | $508,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Freehold With Other Cities
Frequently Asked Questions about Freehold
What is the population of Freehold, NJ?
The population of Freehold, NJ is 12,504 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New Jersey.
What is the median household income in Freehold?
The median household income in Freehold, NJ is $82,183 per year, which is 9% above the national median of $75,149.
What is the median home value in Freehold?
The median home value in Freehold, NJ is $401,900, which is 64% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Freehold?
The median monthly rent in Freehold, NJ is $1,818, which is 56% above the national average of $1,163/month.
What is the unemployment rate in Freehold?
The unemployment rate in Freehold, NJ is 7.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Freehold, NJ a good place to live?
Freehold offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 12,504 and a median age of 35.4, the city appeals to a broad range of residents.
How educated is Freehold, NJ?
28.7% of residents in Freehold aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Freehold?
Key cost-of-living indicators for Freehold, NJ: median home value is $401,900 (64% above national), median rent is $1,818/month, and median household income is $82,183. The home-value-to-income ratio is 4.9x, a moderate figure by national standards.
What is the poverty rate in Freehold?
The poverty rate in Freehold, NJ is 14.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Freehold, NJ?
Freehold's population is 29.3% White, 2.6% Hispanic or Latino, 6.1% Black or African American, 15.7% Asian, and 6.8% two or more races. 27.4% of residents are foreign-born.