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 a population of 9,204, 4,391 total housing units (homes and apartments), and a median house value of $345,956, real estate costs in Brigantine 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 Brigantine, accounting for 48.61% of the city's housing units. Other types of housing that are prevalent in Brigantine include large apartment complexes or high rise apartments ( 20.50%), duplexes, homes converted to apartments or other small apartment buildings ( 15.57%), and a few row houses and other attached homes ( 14.87%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brigantine. Owner-occupied housing accounts for 68.88% of Brigantine's homes, and 55.75% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Brigantine 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 Brigantine built between 1940-1969 ( 33.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.66%). There's also some housing in Brigantine built before 1939 ( 3.15%).
A decent proportion of the Brigantine housing stock is seasonally occupied. That is, homes and condos in Brigantine are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Brigantine housing market speaks to its popularity as a vacation location of choice.
Homes have actually lost value in Brigantine over the last then years, as home values have seen a decline of 27.45% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Brigantine home appreciation rates at -5.44%, which equates to an annual appreciation rate of -20.04%.
Over the last year, Brigantine appreciation rates have trailed the rest of the nation. In the last twelve months, Brigantine's appreciation rate has been -2.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brigantine were at -5.44%, which equates to an annual appreciation rate of -20.04%.
Notably, Brigantine's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New Jersey, our data show that Brigantine's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.
|$724,001 - $965,000||4.7|
|$483,001 - $724,000||13.5|
|$386,001 - $483,000||16.4|
|$290,001 - $386,000||25.7|
|$193,001 - $290,000||21.2|
|$97,001 - $193,000||8.8|
|$48,001 - $97,000||3.2|
|$0 - $48,000||2.0|
|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 Brigantine HOMES|
|2000 or Newer||8.7|
|1970 - 1999||54.6|
|1940 - 1969||33.6|
|1939 or Older||3.1|
|TYPE OF Brigantine HOMES|
|Small Apt. Buildings||15.6|
|SIZE OF Brigantine HOMES|
|5 or more bedrooms||4.35|