Beverly, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Beverly Neighborhoods Since 2000




Beverly, 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

Beverly Housing Market Information

With 2,559 people, 960 houses or apartments, and a median cost of homes of $158,620, Beverly real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Beverly homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Beverly, accounting for 61.29% of the city's housing units. Other types of housing that are prevalent in Beverly include duplexes, homes converted to apartments or other small apartment buildings ( 17.44%), row houses and other attached homes ( 15.58%), and a few large apartment complexes or high rise apartments ( 5.69%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Beverly. Owner-occupied housing accounts for 68.65% of Beverly's homes, and 54.76% have either three or four bedrooms, which is average sized relative to America.

The housing in Beverly was primarily built before 1939 ( 47.48%), making the housing stock in Beverly some of the oldest overall in America, although there is a range of ages of homes in Beverly. The next most important housing age is between 1940-1969 ( 41.88%), followed by between 1970-1999 ( 8.49%). There's also some housing in Beverly built between 2000 and later ( 2.15%).

Vacant housing appears to be an issue in Beverly. Fully 10.45% of the housing stock is classified as vacant. Left unchecked, vacant Beverly homes and apartments can be a drag on the real estate market, holding Beverly 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.

Beverly Home Appreciation Rates

Homes have actually lost value in Beverly over the last then years, as home values have seen a decline of 23.68% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Beverly home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Beverly appreciation rates have trailed the rest of the nation. In the last twelve months, Beverly's appreciation rate has been 1.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beverly were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Beverly's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$158,620

Beverly, NJ HOME PRICES

Value Range
> $1,032,000 0.0
$774,001 - $1,032,000 0.6
$516,001 - $774,000 0.7
$413,001 - $516,000 1.0
$310,001 - $413,000 2.4
$206,001 - $310,000 15.9
$103,001 - $206,000 59.6
$52,001 - $103,000 12.8
$0 - $52,000 6.9

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
46.2674323215751 94.7154471544715

Number Of Homes And Apartments:
960

Beverly 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
45.02% 2.18% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,425 / per month

Homeownership Rate

Homeownership
Owners 68.65
Renters 31.35
Vacant 10.45

Housing Market Details

 

Age of Homes

AGE OF Beverly HOMES
2000 or Newer 2.1
1970 - 1999 8.5
1940 - 1969 41.9
1939 or Older 47.5

Types of Homes

TYPE OF Beverly HOMES
Single-Family 61.3
Townhomes 15.6
Small Apt. Buildings 17.4
Apt. Complexes 5.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Beverly HOMES
No Bedroom 2.15
1 Bedroom 9.89
2 Bedrooms 25.93
3 Bedrooms 45.15
4 Bedrooms 9.61
5 or more bedrooms 7.28