Brick, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Brick Neighborhoods Since 2000




Brick, NJ Real Estate Data


Brick Housing Market Information

With 74,267 people, 1,888 houses or apartments, and a median cost of homes of $300,213, 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 78.14% of the town's housing units. Other types of housing that are prevalent in Brick include row houses and other attached homes ( 11.16%), large apartment complexes or high rise apartments ( 7.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.50%).

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 82.44% of Brick's homes, and 57.35% 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 ( 34.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.21%). There's also some housing in Brick built before 1939 ( 2.79%).

Brick Home Appreciation Rates

Brick's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Brick during the period has been just -2.03%, which is lower than 80% of US communities.

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 3.65%, 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 1.43%, which equates to an annual appreciation rate of 5.85%.

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:
$300,213

Brick, NJ HOME PRICES

Value Range
> $1,089,000 1.1
$817,001 - $1,089,000 1.5
$545,001 - $817,000 5.1
$436,001 - $545,000 7.7
$327,001 - $436,000 22.9
$218,001 - $327,000 36.3
$109,001 - $218,000 21.7
$55,001 - $109,000 1.4
$0 - $55,000 2.4

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
16.882356385782 66.6666666666667

Number Of Homes And Apartments:
1,888

Rent & Ownership

 

Average Market Rent:
$1,587 / per month

Homeownership Rate

Homeownership
Owners 82.44
Renters 17.56
Vacant 8.99

Housing Market Details

 

Age of Homes

AGE OF Brick HOMES
2000 or Newer 6.2
1970 - 1999 56.0
1940 - 1969 35.0
1939 or Older 2.8

Types of Homes

TYPE OF Brick HOMES
Single-Family 78.1
Townhomes 11.2
Small Apt. Buildings 2.5
Apt. Complexes 7.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Brick HOMES
No Bedroom 0.73
1 Bedroom 7.56
2 Bedrooms 31.00
3 Bedrooms 38.89
4 Bedrooms 18.46
5 or more bedrooms 3.36

Brick Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
66.59% 3.05% 7 8
* 10 is highest