Brigantine, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Brigantine Neighborhoods Since 2000




Brigantine, NJ Real Estate Data


Brigantine Housing Market Information

With a population of 9,204, 4,379 total housing units (homes and apartments), and a median house value of $383,350, 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 51.02% of the city's housing units. Other types of housing that are prevalent in Brigantine include large apartment complexes or high rise apartments ( 18.88%), duplexes, homes converted to apartments or other small apartment buildings ( 17.60%), and a few row houses and other attached homes ( 12.04%).

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 68.75% of Brigantine's homes, and 56.06% 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 ( 34.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.13%). There's also some housing in Brigantine built before 1939 ( 3.49%).

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.

Brigantine Home Appreciation Rates

Homes have actually lost value in Brigantine over the last then years, as home values have seen a decline of 24.74% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Brigantine home appreciation rates at -2.59%, which equates to an annual appreciation rate of -9.97%.

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 3.46%, 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 -2.59%, which equates to an annual appreciation rate of -9.97%.

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 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$383,350

Brigantine, NJ HOME PRICES

Value Range
> $1,000,000 5.9
$750,001 - $1,000,000 4.3
$500,001 - $750,000 16.0
$400,001 - $500,000 14.3
$300,001 - $400,000 28.6
$200,001 - $300,000 19.3
$100,001 - $200,000 6.8
$50,001 - $100,000 2.7
$0 - $50,000 2.2

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
10.4877905955379 45.3252032520325

Number Of Homes And Apartments:
4,379

Rent & Ownership

 

Average Market Rent:
$1,501 / per month

Homeownership Rate

Homeownership
Owners 68.75
Renters 31.25
Vacant 53.35

Housing Market Details

 

Age of Homes

AGE OF Brigantine HOMES
2000 or Newer 9.1
1970 - 1999 53.0
1940 - 1969 34.3
1939 or Older 3.5

Types of Homes

TYPE OF Brigantine HOMES
Single-Family 51.0
Townhomes 12.0
Small Apt. Buildings 17.6
Apt. Complexes 18.9
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Brigantine HOMES
No Bedroom 0.83
1 Bedroom 7.69
2 Bedrooms 30.80
3 Bedrooms 41.67
4 Bedrooms 14.39
5 or more bedrooms 4.61

Brigantine 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
90.91% 3.88% 10 10
* 10 is highest