Bayville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bayville Neighborhoods Since 2000




Bayville, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bayville Housing Market Information

With 21,098 people, 1,643 houses or apartments, and a median cost of homes of $285,376, Bayville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bayville, accounting for 86.25% of the town's housing units. Other types of housing that are prevalent in Bayville include large apartment complexes or high rise apartments ( 8.59%), row houses and other attached homes ( 2.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.42%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bayville. Owner-occupied housing accounts for 82.43% of Bayville's homes, and 71.43% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bayville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bayville built between 1940-1969 ( 23.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.81%). There's also some housing in Bayville built before 1939 ( 2.51%).

Bayville Home Appreciation Rates

Homes have actually lost value in Bayville over the last then years, as home values have seen a decline of 23.24% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bayville home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Bayville appreciation rates have trailed the rest of the nation. In the last twelve months, Bayville's appreciation rate has been 1.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bayville were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Bayville's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Bayville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bayville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bayville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$285,376

Bayville, NJ HOME PRICES

Value Range
> $1,049,000 0.1
$786,001 - $1,049,000 0.9
$524,001 - $786,000 7.1
$419,001 - $524,000 9.6
$315,001 - $419,000 18.2
$210,001 - $315,000 43.7
$105,001 - $210,000 17.1
$52,001 - $105,000 0.5
$0 - $52,000 2.6

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
17.865932262979 68.4959349593496

Number Of Homes And Apartments:
1,643

Bayville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
56.85% 2.64% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,045 / per month

Homeownership Rate

Homeownership
Owners 82.43
Renters 17.57
Vacant 9.63

Housing Market Details

 

Age of Homes

AGE OF Bayville HOMES
2000 or Newer 17.8
1970 - 1999 56.4
1940 - 1969 23.3
1939 or Older 2.5

Types of Homes

TYPE OF Bayville HOMES
Single-Family 86.3
Townhomes 2.7
Small Apt. Buildings 2.4
Apt. Complexes 8.6
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Bayville HOMES
No Bedroom 0.17
1 Bedroom 6.14
2 Bedrooms 17.90
3 Bedrooms 45.58
4 Bedrooms 25.85
5 or more bedrooms 4.36