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 a population of 2,413, 972 total housing units (homes and apartments), and a median house value of $658,198, real estate costs in Manahawkin 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.
Single-family detached homes are the single most common housing type in Manahawkin, accounting for 79.70% of the town's housing units. Other types of housing that are prevalent in Manahawkin include row houses and other attached homes ( 9.48%), large apartment complexes or high rise apartments ( 8.77%), and a few mobile homes or trailers ( 2.06%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manahawkin. Owner-occupied housing accounts for 77.88% of Manahawkin's homes, and 62.43% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Manahawkin 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 Manahawkin built between 2000 and later ( 31.93%). A lesser amount of the housing stock also hails from before 1939 ( 14.13%). There's also some housing in Manahawkin built between 1940-1969 ( 8.41%).
Vacant housing appears to be an issue in Manahawkin. Fully 13.06% of the housing stock is classified as vacant. Left unchecked, vacant Manahawkin homes and apartments can be a drag on the real estate market, holding Manahawkin 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.
Appreciation rates for homes in Manahawkin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.77%, which ranks in the top 30% nationwide. This equates to an annual average Manahawkin house appreciation rate of 7.38%.
NeighborhoodScout's data show that during the latest twelve months, Manahawkin's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Manahawkin's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.
Relative to New Jersey, our data show that Manahawkin's latest annual appreciation rate is lower than 50% 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 Manahawkin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manahawkin - 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 Manahawkin real estate investment or home purchase decisions.
$658,198
for New jersey
for nation
972
$3,037 / per month