Cherry Quay median real estate price is $298,180, which is more expensive than 51.5% of the neighborhoods in New Jersey and 74.5% of the neighborhoods in the U.S.
The average rental price in Cherry Quay is currently $1,573, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.2% 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.
Vacant apartments or homes are a major fact of life in Cherry Quay. The current real estate vacancy rate here is 17.4%. This is higher than the rate of vacancies in 80.3% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.