Cherry Quay median real estate price is $275,454, which is more expensive than 43.1% of the neighborhoods in New Jersey and 74.6% of the neighborhoods in the U.S.
The average rental price in Cherry Quay is currently $1,132, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 44.9% of New Jersey neighborhoods.
Cherry Quay is a suburban neighborhood (based on population density) located in Brick, New Jersey. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Cherry Quay real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Cherry Quay neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Cherry Quay has a 15.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.3% of American neighborhoods). This could either signal that there is weak demand for real estate in the neighborhood, or that much of the housing stock is seasonally occupied, which can occur in some markets dominated by colleges or vacation homes. Either way, if you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.