What is the Best Neighborhoods USA ranking for Royal Oaks?
Royal Oaks is ranked #6 of 6 eligible neighborhoods in Monmouth Junction; #63 of 137 eligible neighborhoods in NJ; and #8,613 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Royal Oaks
Monmouth Junction, NJ | Middlesex County
Scored premium profile
Best Neighborhoods USA Index
47.3
Stability and Strength
41.8
Value Opportunity
52.5
Momentum
48.8
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Monmouth Junction, NJ |
| County | Middlesex County |
| National rank | #8,613 of 14,967 |
| State rank | #63 of 137 |
| City rank | #6 of 6 |
| County rank | #16 of 17 |
| National percentile | 42.5 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $355,400 |
| Year-over-year home value change | -1.6% |
| Month-over-month home value change | 1.78% |
| Home value to income ratio | 4.64 |
| Median household income | $76,607 |
| Bachelor's degree or higher | 37.0% |
| Civilian unemployment rate | 10.4% |
| Homeownership rate | 11.4% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 41.6% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Royal Oaks
Is Royal Oaks one of the best neighborhoods in Monmouth Junction?
Royal Oaks has a Best Neighborhoods USA Index of 47.3 and a city ranking of #6 of 6 eligible neighborhoods in Monmouth Junction.
How much are homes worth in Royal Oaks?
The current Zillow Home Value Index for Royal Oaks is approximately $355,400.
Are home values rising or falling in Royal Oaks?
Zillow neighborhood values changed -1.6% year over year and 1.78% month over month.
What is the Neighborhood Momentum Score for Royal Oaks?
Royal Oaks has a Neighborhood Momentum Score of 48.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Royal Oaks?
The NDS-derived neighborhood median household income is approximately $76,607.
How affordable is Royal Oaks relative to household income?
The current Zillow home-value-to-household-income ratio is 4.64. Price-to-income affordability is a major Value Opportunity input.
Is Royal Oaks primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 11.4%.
What is the unemployment rate in Royal Oaks?
The NDS-derived civilian unemployment rate is approximately 10.4%.
How educated are residents of Royal Oaks?
Approximately 37.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Royal Oaks face high rent burden?
Approximately 41.6% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Royal Oaks?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications1
Estimated originations1
Home-purchase applications0
Origination rate48.7%
Home-purchase share33.3%
Average application loan$307,308
Total application loan amount$363,876
National application rank#14,749 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 116.7% YoY; originations 90.0% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.