Construction Value
$12.2M ▲ 213.2%
Units Permitted
60 ▲ 233.3%
Avg Value / Unit
$203K
2024 · Census Bureau Building Permits Survey
Construction activity in Red Bank jumped in 2024, up 233.3% from the prior year with 60 housing units permitted. At $203K per unit, new builds are 17% below the Monmouth County average of $244K, indicating more affordable construction. Volume is still modest compared to neighboring towns (15% fewer units than the county average of 71), but the investment per project is strong. 66.7% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
Mostly single-family with some small multi-unit buildings.
Construction Intensityi
$939
per resident
County avg: $7K-86%
$6.9M
per square mile
Red Bank vs. Monmouth County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 20 | 20 | $6.2M | 51% |
| ■ Duplex | 0 | 0 | — | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 40 | 1 | $5.9M | 49% |
County Ranking by Construction Volume
Among 49 permit-issuing towns in Monmouth County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →