Manasquan, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Manasquan, NJ Real Estate Data


Manasquan Housing Market Information

With a population of 5,815, 2,452 total housing units (homes and apartments), and a median house value of $697,273, Manasquan house prices are not only among the most expensive in New Jersey, Manasquan real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Manasquan, accounting for 78.11% of the borough's housing units. Other types of housing that are prevalent in Manasquan include duplexes, homes converted to apartments or other small apartment buildings ( 14.00%), large apartment complexes or high rise apartments ( 4.47%), and a few row houses and other attached homes ( 3.42%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manasquan. Owner-occupied housing accounts for 73.93% of Manasquan's homes, and 59.87% have either three or four bedrooms, which is average sized relative to America.

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. Manasquan's housing was primarily built during this period, from the '40s through the '60s. A full 35.18% of the borough's housing hails from this era. Other housing ages represented in Manasquan include homes built before 1939 ( 26.33%) and housing constructed between 1970-1999 ( 20.76%). There's also some housing in Manasquan built between 2000 and later ( 17.73%).

Vacant housing appears to be an issue in Manasquan. Fully 30.66% of the housing stock is classified as vacant. Left unchecked, vacant Manasquan homes and apartments can be a drag on the real estate market, holding Manasquan 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.

Manasquan Home Appreciation Rates

Appreciation rates for homes in Manasquan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.03%, which ranks in the top 50% nationwide. This equates to an annual average Manasquan house appreciation rate of 0.40%.

NeighborhoodScout's data show that during the latest twelve months, Manasquan's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Manasquan's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to New Jersey, our data show that Manasquan's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$697,273

Manasquan, NJ HOME PRICES

Value Range
> $1,162,000 7.2
$871,001 - $1,162,000 19.7
$581,001 - $871,000 38.5
$465,001 - $581,000 15.3
$348,001 - $465,000 9.4
$233,001 - $348,000 5.8
$116,001 - $233,000 1.1
$58,001 - $116,000 0.9
$0 - $58,000 2.1

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
2.81665397903613 10.7723577235772

Number Of Homes And Apartments:
2,452

Rent & Ownership

 

Average Market Rent:
$1,637 / per month

Homeownership Rate

Homeownership
Owners 73.93
Renters 26.07
Vacant 30.66

Housing Market Details

 

Age of Homes

AGE OF Manasquan HOMES
2000 or Newer 17.7
1970 - 1999 20.8
1940 - 1969 35.2
1939 or Older 26.3

Types of Homes

TYPE OF Manasquan HOMES
Single-Family 78.1
Townhomes 3.4
Small Apt. Buildings 14.0
Apt. Complexes 4.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Manasquan HOMES
No Bedroom 2.57
1 Bedroom 11.85
2 Bedrooms 19.00
3 Bedrooms 36.76
4 Bedrooms 23.11
5 or more bedrooms 6.70

Manasquan 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
106.48% 4.36% 10 10
* 10 is highest