Egg Harbor City, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Egg Harbor City Neighborhoods Since 2000




Egg Harbor City, 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

Egg Harbor City Housing Market Information

With a population of 4,239, 1,504 total housing units (homes and apartments), and a median house value of $151,063, Egg Harbor City real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Egg Harbor City homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Egg Harbor City, accounting for 68.19% of the city's housing units. Other types of housing that are prevalent in Egg Harbor City include duplexes, homes converted to apartments or other small apartment buildings ( 19.65%), large apartment complexes or high rise apartments ( 9.57%), and a few row houses and other attached homes ( 2.03%).

The most prevalent building size and type in Egg Harbor City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.08% owning and 40.92% renting.

The housing in Egg Harbor City was primarily built before 1939 ( 44.48%), making the housing stock in Egg Harbor City some of the oldest overall in America, although there is a range of ages of homes in Egg Harbor City. The next most important housing age is between 1940-1969 ( 38.06%), followed by between 1970-1999 ( 12.73%). There's also some housing in Egg Harbor City built between 2000 and later ( 4.73%).

Vacant housing appears to be an issue in Egg Harbor City. Fully 15.32% of the housing stock is classified as vacant. Left unchecked, vacant Egg Harbor City homes and apartments can be a drag on the real estate market, holding Egg Harbor City 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.

Egg Harbor City Home Appreciation Rates

Homes have actually lost value in Egg Harbor City over the last then years, as home values have seen a decline of 35.78% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Egg Harbor City home appreciation rates at -5.44%, which equates to an annual appreciation rate of -20.04%.

Over the last year, Egg Harbor City appreciation rates have trailed the rest of the nation. In the last twelve months, Egg Harbor City's appreciation rate has been -4.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Egg Harbor City were at -5.44%, which equates to an annual appreciation rate of -20.04%.

Notably, Egg Harbor City's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Jersey, our data show that Egg Harbor City's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$151,063

Egg Harbor City, NJ HOME PRICES

Value Range
> $954,000 0.0
$716,001 - $954,000 0.0
$477,001 - $716,000 1.6
$382,001 - $477,000 0.0
$286,001 - $382,000 3.1
$191,001 - $286,000 19.8
$96,001 - $191,000 58.1
$48,001 - $96,000 12.8
$0 - $48,000 4.6

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
49.5253720848471 96.1382113821138

Number Of Homes And Apartments:
1,504

Egg Harbor City 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
30.16% 1.54% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,206 / per month

Homeownership Rate

Homeownership
Owners 59.08
Renters 40.92
Vacant 15.32

Housing Market Details

 

Age of Homes

AGE OF Egg Harbor City HOMES
2000 or Newer 4.7
1970 - 1999 12.7
1940 - 1969 38.1
1939 or Older 44.5

Types of Homes

TYPE OF Egg Harbor City HOMES
Single-Family 68.2
Townhomes 2.0
Small Apt. Buildings 19.7
Apt. Complexes 9.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Egg Harbor City HOMES
No Bedroom 1.13
1 Bedroom 9.46
2 Bedrooms 33.50
3 Bedrooms 43.52
4 Bedrooms 10.42
5 or more bedrooms 1.97

Popular Neighborhoods in Egg Harbor City

Zip Codes in Egg Harbor City, NJ