Oakhurst, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Oakhurst Neighborhoods Since 2000




Oakhurst, 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

Oakhurst Housing Market Information

With a population of 3,982, 1,290 total housing units (homes and apartments), and a median house value of $405,899, real estate costs in Oakhurst 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 Oakhurst, accounting for 98.48% of the town's housing units.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oakhurst. Owner-occupied housing accounts for 94.14% of Oakhurst's homes, and 81.20% 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. Oakhurst's housing was primarily built during this period, from the '40s through the '60s. A full 46.64% of the town's housing hails from this era. Other housing ages represented in Oakhurst include homes built between 1970-1999 ( 43.96%) and housing constructed before 1939 ( 8.89%).

Oakhurst Home Appreciation Rates

Oakhurst's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oakhurst during the period has been just -2.04%, which is lower than 80% of US communities.

Over the last year, Oakhurst appreciation rates have trailed the rest of the nation. In the last twelve months, Oakhurst's appreciation rate has been 2.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oakhurst were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Oakhurst's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$405,899

Oakhurst, NJ HOME PRICES

Value Range
> $1,098,000 2.2
$824,001 - $1,098,000 2.7
$550,001 - $824,000 14.2
$440,001 - $550,000 15.3
$330,001 - $440,000 50.9
$220,001 - $330,000 10.9
$110,001 - $220,000 1.3
$55,001 - $110,000 1.4
$0 - $55,000 1.1

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
9.22887612797375 39.0243902439024

Number Of Homes And Apartments:
1,290

Oakhurst 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
60.60% 2.78% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,146 / per month

Homeownership Rate

Homeownership
Owners 94.14
Renters 5.86
Vacant 6.72

Housing Market Details

 

Age of Homes

AGE OF Oakhurst HOMES
2000 or Newer 0.5
1970 - 1999 44.0
1940 - 1969 46.6
1939 or Older 8.9

Types of Homes

TYPE OF Oakhurst HOMES
Single-Family 98.5
Townhomes 0.9
Small Apt. Buildings 0.7
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oakhurst HOMES
No Bedroom 0.00
1 Bedroom 1.30
2 Bedrooms 8.97
3 Bedrooms 39.84
4 Bedrooms 41.36
5 or more bedrooms 8.53