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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 5,712 people, 2,791 houses or apartments, and a median cost of homes of $547,163, real estate costs in Belmar are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.
Single-family detached homes are the single most common housing type in Belmar, accounting for 53.61% of the borough's housing units. Other types of housing that are prevalent in Belmar include duplexes, homes converted to apartments or other small apartment buildings ( 21.82%), large apartment complexes or high rise apartments ( 20.72%), and a few row houses and other attached homes ( 3.28%).
People in Belmar primarily live in small (one, two or no bedroom) single-family detached homes. Belmar has a mixture of owner-occupied and renter-occupied housing.
The housing in Belmar was primarily built before 1939 ( 40.23%), making the housing stock in Belmar some of the oldest overall in America, although there is a range of ages of homes in Belmar. The next most important housing age is between 1940-1969 ( 29.69%), followed by between 1970-1999 ( 21.16%). There's also some housing in Belmar built between 2000 and later ( 8.92%).
Vacant housing appears to be an issue in Belmar. Fully 26.80% of the housing stock is classified as vacant. Left unchecked, vacant Belmar homes and apartments can be a drag on the real estate market, holding Belmar real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Belmar's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.40% during the period.
NeighborhoodScout's data show that during the latest twelve months, Belmar's appreciation rate, at 3.21%, has been at or slightly above the national average. In the latest quarter, Belmar's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.
Relative to New Jersey, our data show that Belmar's latest annual appreciation rate is higher than 50% 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 borough. Individual neighborhoods within Belmar differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Belmar - 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 Belmar real estate investment or home purchase decisions.
|$845,001 - $1,127,000||10.1|
|$563,001 - $845,000||25.2|
|$451,001 - $563,000||14.7|
|$338,001 - $451,000||15.6|
|$225,001 - $338,000||8.8|
|$113,001 - $225,000||6.6|
|$56,001 - $113,000||1.3|
|$0 - $56,000||2.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Belmar HOMES|
|2000 or Newer||8.9|
|1970 - 1999||21.2|
|1940 - 1969||29.7|
|1939 or Older||40.2|
|TYPE OF Belmar HOMES|
|Small Apt. Buildings||21.8|
|SIZE OF Belmar HOMES|
|5 or more bedrooms||7.19|