Beachwood, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Beachwood, 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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Beachwood Housing Market Information

With a population of 11,196, 3,726 total housing units (homes and apartments), and a median house value of $278,345, Beachwood real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Beachwood, accounting for 97.32% of the borough's housing units. Other types of housing that are prevalent in Beachwood include duplexes, homes converted to apartments or other small apartment buildings ( 1.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Beachwood. Owner-occupied housing accounts for 83.82% of Beachwood's homes, and 78.97% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Beachwood 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 Beachwood built between 1940-1969 ( 31.60%). A lesser amount of the housing stock also hails from before 1939 ( 9.22%). There's also some housing in Beachwood built between 2000 and later ( 6.46%).

Beachwood Home Appreciation Rates

Beachwood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Beachwood during the period has been just -0.83%, which is lower than 80% of US communities.

Appreciation rates are so strong in Beachwood that despite a nationwide downturn in the housing market, Beachwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Beachwood appreciation rates continue to be some of the highest in America, at 7.64%, which is higher than appreciation rates in 83.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Beachwood. Beachwood appreciation rates in the latest quarter were at 1.49%, which equates to an annual appreciation rate of 6.07%.

Relative to New Jersey, our data show that Beachwood's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$278,345

Beachwood, NJ HOME PRICES

Value Range
> $1,146,000 0.6
$860,001 - $1,146,000 0.3
$574,001 - $860,000 0.7
$459,001 - $574,000 2.2
$344,001 - $459,000 10.6
$229,001 - $344,000 62.7
$115,001 - $229,000 18.2
$57,001 - $115,000 0.0
$0 - $57,000 4.8

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
21.2846715328467 74.5454545454545

Number Of Homes And Apartments:
3,726

Beachwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
79.49% 3.21%
8
8
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$2,334 / per month

Homeownership Rate

Homeownership
Owners 83.82
Renters 16.18
Vacant 4.80

Housing Market Details

 

Age of Homes

AGE OF Beachwood HOMES
2000 or Newer 6.5
1970 - 1999 52.7
1940 - 1969 31.6
1939 or Older 9.2

Types of Homes

TYPE OF Beachwood HOMES
Single-Family 97.3
Townhomes 0.5
Small Apt. Buildings 1.6
Apt. Complexes 0.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Beachwood HOMES
No Bedroom 0.33
1 Bedroom 1.25
2 Bedrooms 14.18
3 Bedrooms 58.28
4 Bedrooms 20.69
5 or more bedrooms 5.26