Belmar, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Belmar Neighborhoods Since 2000




Belmar, 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

Belmar Housing Market Information

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.

Belmar Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$547,163

Belmar, NJ HOME PRICES

Value Range
> $1,127,000 14.7
$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

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
4.77557717098324 20.9349593495935

Number Of Homes And Apartments:
2,791

Belmar 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
88.72% 3.75% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,879 / per month

Homeownership Rate

Homeownership
Owners 49.18
Renters 50.82
Vacant 26.80

Housing Market Details

 

Age of Homes

AGE OF Belmar HOMES
2000 or Newer 8.9
1970 - 1999 21.2
1940 - 1969 29.7
1939 or Older 40.2

Types of Homes

TYPE OF Belmar HOMES
Single-Family 53.6
Townhomes 3.3
Small Apt. Buildings 21.8
Apt. Complexes 20.7
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Belmar HOMES
No Bedroom 4.25
1 Bedroom 26.17
2 Bedrooms 24.76
3 Bedrooms 21.95
4 Bedrooms 15.68
5 or more bedrooms 7.19