Beachwood, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Beachwood Neighborhoods Since 2000




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 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

Beachwood Housing Market Information

With a population of 11,214, 3,714 total housing units (homes and apartments), and a median house value of $259,246, 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 97.31% 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 ( 1.98%).

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 85.01% of Beachwood's homes, and 79.64% 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 ( 30.06%). A lesser amount of the housing stock also hails from before 1939 ( 8.96%). There's also some housing in Beachwood built between 2000 and later ( 6.37%).

Beachwood Home Appreciation Rates

Homes have actually lost value in Beachwood over the last then years, as home values have seen a decline of 22.67% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Beachwood home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Beachwood appreciation rates have trailed the rest of the nation. In the last twelve months, Beachwood's appreciation rate has been 0.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beachwood were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$259,246

Beachwood, NJ HOME PRICES

Value Range
> $1,038,000 0.5
$778,001 - $1,038,000 0.2
$519,001 - $778,000 1.0
$415,001 - $519,000 1.8
$311,001 - $415,000 12.6
$208,001 - $311,000 61.9
$104,001 - $208,000 18.0
$52,001 - $104,000 0.1
$0 - $52,000 3.9

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
21.1648892534865 75.8130081300813

Number Of Homes And Apartments:
3,714

Beachwood 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
62.18% 2.84% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,122 / per month

Homeownership Rate

Homeownership
Owners 85.01
Renters 14.99
Vacant 5.71

Housing Market Details

 

Age of Homes

AGE OF Beachwood HOMES
2000 or Newer 6.4
1970 - 1999 54.6
1940 - 1969 30.1
1939 or Older 9.0

Types of Homes

TYPE OF Beachwood HOMES
Single-Family 97.3
Townhomes 0.2
Small Apt. Buildings 2.0
Apt. Complexes 0.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Beachwood HOMES
No Bedroom 0.38
1 Bedroom 1.42
2 Bedrooms 14.47
3 Bedrooms 58.39
4 Bedrooms 21.25
5 or more bedrooms 4.09