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 about Scout's Real Estate Data
With 4,408 people, 1,778 houses or apartments, and a median cost of homes of $228,643, 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 55.91% of the city's housing units. Other types of housing that are prevalent in Egg Harbor City include large apartment complexes or high rise apartments ( 22.58%), duplexes, homes converted to apartments or other small apartment buildings ( 14.68%), and a few row houses and other attached homes ( 6.83%).
People in Egg Harbor City primarily live in small (one, two or no bedroom) single-family detached homes. Egg Harbor City has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Egg Harbor City's housing was primarily built during this period, from the '40s through the '60s. A full 48.27% of the city's housing hails from this era. Other housing ages represented in Egg Harbor City include homes built before 1939 ( 20.44%) and housing constructed between 1970-1999 ( 18.65%). There's also some housing in Egg Harbor City built between 2000 and later ( 12.64%).
Egg Harbor City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Egg Harbor City during the period has been just 4.50%, which is lower than 80% of US communities.
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 11.74%, which is higher than appreciation rates in 97.13% 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 6.49%, which equates to an annual appreciation rate of 28.59%.
Importantly, this makes Egg Harbor City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
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.
$228,643
for New jersey
for nation
1,778
$2,250 / per month