Asbury Park, NJ

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Asbury Park short-term rental market based on reliable data.

Listings

278 / 787

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$34,207

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$690,140

Median Home Sale Price

Top Earners

$85,748

Top-Earners Revenue

Asbury Park

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Asbury Park.

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C

Challenging to Investors

Asbury Park Regulations

The 180-day annual rental cap and principal residence requirement constrain investor flexibility, while the $500 permit fee, inspections, and $2,000 fines increase compliance burden, making it challenging for passive STR investments.

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About Asbury Park

Asbury Park is a small but storied coastal city in Monmouth County, New Jersey, with a population of roughly 15,000 residents. Long celebrated for its sandy Atlantic beach, historic boardwalk, and a music scene that helped launch Bruce Springsteen's career, the city has experienced a substantial revival over the past two decades, with restored Victorian architecture, a lively downtown, and a calendar of concerts and festivals drawing weekend visitors from across the Northeast. It sits along the Jersey Shore approximately 50 miles south of New York City and about 60 miles east of Philadelphia, making it a relatively easy getaway for residents of both metropolitan areas.

Just steps from the central business district, the Asbury Park Boardwalk stretches along the oceanfront and serves as the social heart of the city. Lined with casual restaurants, coffee shops, and boutiques, the boardwalk also hosts the legendary Stone Pony, a live music venue closely associated with Springsteen's early performances, as well as the Silverball Museum, a pinball and classic arcade museum that draws families and nostalgia-minded visitors year-round. Convention Hall and the Paramount Theatre, two landmark oceanfront structures, host concerts, comedy shows, and seasonal events.

Directly adjacent to the south lies Ocean Grove, a one-square-mile borough known for its remarkably preserved Victorian cottages and the Great Auditorium, a massive wooden historic auditorium built in 1894 that still hosts concerts, lectures, and religious gatherings. The narrow streets and tented community of summer cottages give the area a distinctive, walkable character that contrasts pleasantly with Asbury Park's more boisterous boardwalk energy, and the two towns together form a combined destination for many visitors.

A short drive inland, about 20 to 25 minutes west of Asbury Park, Allaire State Park preserves the restored 19th-century village of Allaire, where visitors can tour historic mill buildings, a general store, and a blacksmith shop set along the Manasquan River. The surrounding park offers miles of hiking and biking trails through pine forests, making it a popular day trip for those looking to trade sand dunes for shaded paths.

To the north, roughly 30 minutes up the coast, the Sandy Hook unit of Gateway National Recreation Area offers a completely different coastal experience, with miles of protected beaches, the historic Fort Hancock military installation, and a popular surfing and bird-watching area managed by the National Park Service.

Asbury Park appeals to short-term rental investors because it combines a walkable, entertainment-driven core with direct access to beaches and a steady year-round rotation of music, food, and arts events. Its relative proximity to both New York and Philadelphia, paired with neighboring attractions in Ocean Grove, Allaire State Park, and Sandy Hook, gives the city a broad visitor base that extends well beyond a typical summer season.

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