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




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Highest Appreciating Egg Harbor Township Neighborhoods Since 2000




Egg Harbor Township, NJ Real Estate Data


Egg Harbor Township Housing Market Information

With a population of 43,081, 3,343 total housing units (homes and apartments), and a median house value of $218,285, Egg Harbor Township real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Egg Harbor Township homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Egg Harbor Township, accounting for 77.17% of the town's housing units. Other types of housing that are prevalent in Egg Harbor Township include mobile homes or trailers ( 9.56%), large apartment complexes or high rise apartments ( 5.86%), and a few row houses and other attached homes ( 3.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Egg Harbor Township. Owner-occupied housing accounts for 87.63% of Egg Harbor Township's homes, and 68.73% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Egg Harbor Township 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 Egg Harbor Township built between 2000 and later ( 33.07%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.11%). There's also some housing in Egg Harbor Township built before 1939 ( 5.07%).

Egg Harbor Township Home Appreciation Rates

Homes have actually lost value in Egg Harbor Township over the last then years, as home values have seen a decline of 33.78% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Egg Harbor Township home appreciation rates at -2.59%, which equates to an annual appreciation rate of -9.97%.

NeighborhoodScout's data show that during the latest twelve months, Egg Harbor Township's appreciation rate, at 4.56%, has been at or slightly above the national average. In the latest quarter, Egg Harbor Township's appreciation rate has been -2.59%, which annualizes to a rate of -9.97%.

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

Relative to New Jersey, our data show that Egg Harbor Township's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Egg Harbor Township differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Egg Harbor Township - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Egg Harbor Township real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$218,285

Egg Harbor Township, NJ HOME PRICES

Value Range
> $969,000 0.6
$727,001 - $969,000 0.2
$484,001 - $727,000 3.9
$388,001 - $484,000 4.0
$291,001 - $388,000 17.5
$194,001 - $291,000 36.0
$97,001 - $194,000 24.7
$49,001 - $97,000 5.5
$0 - $49,000 7.7

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
28.9395092814897 84.5528455284553

Number Of Homes And Apartments:
3,343

Rent & Ownership

 

Average Market Rent:
$1,515 / per month

Homeownership Rate

Homeownership
Owners 87.63
Renters 12.37
Vacant 7.31

Housing Market Details

 

Age of Homes

AGE OF Egg Harbor Township HOMES
2000 or Newer 33.1
1970 - 1999 50.8
1940 - 1969 11.1
1939 or Older 5.1

Types of Homes

TYPE OF Egg Harbor Township HOMES
Single-Family 77.2
Townhomes 3.9
Small Apt. Buildings 3.5
Apt. Complexes 5.9
Mobile Homes 9.6
Other 0.0

Home Size

SIZE OF Egg Harbor Township HOMES
No Bedroom 0.50
1 Bedroom 4.67
2 Bedrooms 21.26
3 Bedrooms 42.31
4 Bedrooms 26.42
5 or more bedrooms 4.83

Egg Harbor Township 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
23.86% 1.27% 1 2
* 10 is highest