Brick, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brick Neighborhoods Since 2000




Brick, 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

Brick Housing Market Information

With 74,267 people, 1,885 houses or apartments, and a median cost of homes of $293,991, Brick real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Brick, accounting for 78.39% of the town's housing units. Other types of housing that are prevalent in Brick include row houses and other attached homes ( 10.43%), large apartment complexes or high rise apartments ( 8.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brick. Owner-occupied housing accounts for 83.30% of Brick's homes, and 57.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brick 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 Brick built between 1940-1969 ( 34.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.38%). There's also some housing in Brick built before 1939 ( 2.67%).

Brick Home Appreciation Rates

Homes have actually lost value in Brick over the last then years, as home values have seen a decline of 19.89% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Brick home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Brick appreciation rates have trailed the rest of the nation. In the last twelve months, Brick's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brick were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Brick's latest annual appreciation rate is lower 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 town. Individual neighborhoods within Brick differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brick - 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 Brick real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$293,991

Brick, NJ HOME PRICES

Value Range
> $1,077,000 1.2
$808,001 - $1,077,000 1.3
$539,001 - $808,000 4.7
$431,001 - $539,000 7.4
$323,001 - $431,000 23.6
$216,001 - $323,000 37.1
$108,001 - $216,000 21.0
$54,001 - $108,000 1.6
$0 - $54,000 2.3

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
16.8229227704207 65.8536585365854

Number Of Homes And Apartments:
1,885

Brick 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
62.41% 2.85% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,002 / per month

Homeownership Rate

Homeownership
Owners 83.30
Renters 16.70
Vacant 9.76

Housing Market Details

 

Age of Homes

AGE OF Brick HOMES
2000 or Newer 6.4
1970 - 1999 56.4
1940 - 1969 34.6
1939 or Older 2.7

Types of Homes

TYPE OF Brick HOMES
Single-Family 78.4
Townhomes 10.4
Small Apt. Buildings 2.0
Apt. Complexes 8.8
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Brick HOMES
No Bedroom 1.23
1 Bedroom 7.23
2 Bedrooms 30.37
3 Bedrooms 38.21
4 Bedrooms 19.09
5 or more bedrooms 3.88