08701 — Lakewood, NJ Home Values
Typical home value $591,550 as of June 2026 · 620th of 830 in New York-Newark-Jersey City, NY-NJ-PA
Blue: typical home value (Zillow ZHVI) in ZIP code 08701, June 2021 to June 2026. This page shows observed data only; no forecast.
How 08701 compares in the New York-Newark-Jersey City, NY-NJ-PA area
ZIP code 08701 (Lakewood, NJ) has a typical home value of $591,550 as of June 2026, ranking 620th of 830 ZIP codes tracked in the New York-Newark-Jersey City, NY-NJ-PA area, more expensive than about 25% of ZIP codes in the metro. Prices here have moved +7.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +79.5%, from $329,624 in June 2021 to $591,550 in June 2026. Against observed rent, the typical home here sells for 24.4× the annual rent ($2,021/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the New York-Newark-Jersey City, NY-NJ-PA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in New York.
Population and demographics
ZIP code 08701 has a population of 136,784, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 85.5% White, 10% Hispanic or Latino, 2.2% Black or African American, 1% another race, 0.7% Asian, and 0.6% two or more races.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Spruce Street Elementary School | 90 SPRUCE STREET, LAKEWOOD, NJ | 0.9 mi |
| Oak Street Elem School | 75 OAK STREET, LAKEWOOD, NJ | 1 mi |
| Lakewood Early Childhood Center | 100 LINDEN AVE, LAKEWOOD, NJ | 1.2 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 08701?
$591,550 as of June 2026, the latest month Zillow has published observed data for.
Is 08701 an expensive ZIP code in the New York-Newark-Jersey City, NY-NJ-PA area?
08701 ranks 620th of 830 ZIP codes in the New York-Newark-Jersey City, NY-NJ-PA area by typical home value, more expensive than about 25% of ZIP codes in the metro.
How much have home values in 08701 changed over the past year?
+7.8% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 08701?
The typical home price is 24.4× the observed annual rent in this ZIP code ($2,021/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 08701?
136,784, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 08701?
Spruce Street Elementary School (0.9 mi), Oak Street Elem School (1 mi), Lakewood Early Childhood Center (1.2 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 08701?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the New York-Newark-Jersey City, NY-NJ-PA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.