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




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Highest Appreciating Egg Harbor City Neighborhoods Since 2000




Egg Harbor City, NJ Real Estate Data


Egg Harbor City Housing Market Information

With 4,239 people, 1,408 houses or apartments, and a median cost of homes of $177,524, 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 71.65% 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 ( 19.06%), large apartment complexes or high rise apartments ( 6.39%), and a few row houses and other attached homes ( 2.23%).

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 61.20% owning and 38.80% renting.

The housing in Egg Harbor City was primarily built before 1939 ( 44.99%), 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 ( 36.31%), followed by between 1970-1999 ( 14.41%). There's also some housing in Egg Harbor City built between 2000 and later ( 4.28%).

Vacant housing appears to be an issue in Egg Harbor City. Fully 15.08% 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 28.58% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Egg Harbor City home appreciation rates at -2.59%, which equates to an annual appreciation rate of -9.97%.

Appreciation rates are so strong in Egg Harbor City that despite a nationwide downturn in the housing market, Egg Harbor City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Egg Harbor City appreciation rates continue to be some of the highest in America, at 5.74%, which is higher than appreciation rates in 70.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Egg Harbor City. Egg Harbor City appreciation rates in the latest quarter were at -2.59%, which equates to an annual appreciation rate of -9.97%.

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 higher than 90% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$177,524

Egg Harbor City, NJ HOME PRICES

Value Range
> $984,000 0.0
$738,001 - $984,000 0.0
$492,001 - $738,000 1.9
$393,001 - $492,000 0.0
$295,001 - $393,000 4.6
$197,001 - $295,000 28.4
$98,001 - $197,000 53.9
$49,001 - $98,000 6.7
$0 - $49,000 4.5

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
40.1475669028518 92.8861788617886

Number Of Homes And Apartments:
1,408

Rent & Ownership

 

Average Market Rent:
$1,080 / per month

Homeownership Rate

Homeownership
Owners 61.20
Renters 38.80
Vacant 15.08

Housing Market Details

 

Age of Homes

AGE OF Egg Harbor City HOMES
2000 or Newer 4.3
1970 - 1999 14.4
1940 - 1969 36.3
1939 or Older 45.0

Types of Homes

TYPE OF Egg Harbor City HOMES
Single-Family 71.7
Townhomes 2.2
Small Apt. Buildings 19.1
Apt. Complexes 6.4
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Egg Harbor City HOMES
No Bedroom 0.36
1 Bedroom 10.31
2 Bedrooms 26.90
3 Bedrooms 49.64
4 Bedrooms 10.13
5 or more bedrooms 2.65

Egg Harbor City 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
44.11% 2.17% 3 5
* 10 is highest

Popular Neighborhoods in Egg Harbor City

Zip Codes in Egg Harbor City, NJ