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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Long Branch, NJ Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Long Branch, NJ Housing Market Trends

With 32,434 people, 12,813 houses or apartments, and a median cost of homes of $566,650, real estate costs in Long Branch 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.

Large apartment complexes or high rise apartments are the single most common housing type in Long Branch, accounting for 37.45% of the city's housing units. Other types of housing that are prevalent in Long Branch include single-family detached homes ( 34.25%), duplexes, homes converted to apartments or other small apartment buildings ( 16.29%), and a few row houses and other attached homes ( 11.74%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Long Branch primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Long Branch has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Long Branch 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 Long Branch built between 1940-1969 ( 28.00%). A lesser amount of the housing stock also hails from before 1939 ( 21.29%). There's also some housing in Long Branch built between 2000 and later ( 19.51%).

Vacant housing appears to be an issue in Long Branch. Fully 14.74% of the housing stock is classified as vacant. Left unchecked, vacant Long Branch homes and apartments can be a drag on the real estate market, holding Long Branch 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.

Long Branch Home Appreciation Rates

In the last 10 years, Long Branch has experienced some of the highest home appreciation rates of any community in the nation. Long Branch real estate appreciated 123.68% over the last ten years, which is an average annual home appreciation rate of 8.38%, putting Long Branch in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Long Branch definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Long Branch's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Long Branch's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New Jersey, our data show that Long Branch's latest annual appreciation rate is lower than 80% 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 city. Individual neighborhoods within Long Branch differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Long Branch - 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 Long Branch real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$566,650

Long Branch, NJ Home Prices
> $1,328,000
$997,001 - $1,328,000
$665,001 - $997,000
$532,001 - $665,000
$399,001 - $532,000
$266,001 - $399,000
$133,001 - $266,000
$66,001 - $133,000
$0 - $66,000
6.4%
6.4%
6.7%
6.7%
28.3%
28.3%
11.7%
11.7%
22.8%
22.8%
17.3%
17.3%
5.3%
5.3%
0.4%
0.4%
1.1%
1.1%
0% 100.0%
% of Homes
Average

for New jersey

Very High

for nation

Number of Homes And Apartments:

12,813

Long Branch Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,237 / per month

Homeownership Rate

Owners
Renters
42.3%
42.3%
57.7%
57.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.7%
14.7%
85.3%
85.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.5%
19.5%
31.2%
31.2%
28.0%
28.0%
21.3%
21.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
34.3%
34.3%
11.7%
11.7%
16.3%
16.3%
37.4%
37.4%
0.3%
0.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.4%
3.4%
24.7%
24.7%
30.2%
30.2%
25.5%
25.5%
11.9%
11.9%
4.2%
4.2%
0% 100.0%
% of Homes