Manahawkin, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Manahawkin Neighborhoods Since 2000




Manahawkin, NJ Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Manahawkin Housing Market Information

With 2,327 people, 967 houses or apartments, and a median cost of homes of $361,466, 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 63.55% of the town's housing units. Other types of housing that are prevalent in Manahawkin include duplexes, homes converted to apartments or other small apartment buildings ( 13.60%), row houses and other attached homes ( 11.80%), and a few large apartment complexes or high rise apartments ( 5.67%).

The most prevalent building size and type in Manahawkin are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 51.09% owning and 48.91% renting.

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 ( 26.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.04%). There's also some housing in Manahawkin built before 1939 ( 9.16%).

Manahawkin Home Appreciation Rates

Manahawkin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Manahawkin during the period has been just -1.92%, which is lower than 80% of US communities.

Over the last year, Manahawkin appreciation rates have trailed the rest of the nation. In the last twelve months, Manahawkin's appreciation rate has been 2.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manahawkin were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Manahawkin's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$361,466

Manahawkin, NJ HOME PRICES

Value Range
> $1,101,000 0.0
$826,001 - $1,101,000 2.4
$551,001 - $826,000 15.7
$441,001 - $551,000 6.1
$331,001 - $441,000 30.5
$220,001 - $331,000 24.4
$110,001 - $220,000 12.7
$55,001 - $110,000 1.9
$0 - $55,000 6.4

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
11.3969295675612 48.9837398373984

Number Of Homes And Apartments:
967

Manahawkin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
74.31% 3.27% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,006 / per month

Homeownership Rate

Homeownership
Owners 51.09
Renters 48.91
Vacant 8.69

Housing Market Details

 

Age of Homes

AGE OF Manahawkin HOMES
2000 or Newer 26.3
1970 - 1999 46.6
1940 - 1969 18.0
1939 or Older 9.2

Types of Homes

TYPE OF Manahawkin HOMES
Single-Family 63.6
Townhomes 11.8
Small Apt. Buildings 13.6
Apt. Complexes 5.7
Mobile Homes 5.4
Other 0.0

Home Size

SIZE OF Manahawkin HOMES
No Bedroom 0.00
1 Bedroom 10.48
2 Bedrooms 19.36
3 Bedrooms 52.03
4 Bedrooms 16.62
5 or more bedrooms 1.51