Seaside Heights, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Seaside Heights, 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

Seaside Heights Housing Market Information

With 2,892 people, 1,104 houses or apartments, and a median cost of homes of $563,412, Seaside Heights house prices are not only among the most expensive in New Jersey, Seaside Heights real estate also is some of the most expensive in all of America.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Seaside Heights, accounting for 36.57% of the borough's housing units. Other types of housing that are prevalent in Seaside Heights include single-family detached homes ( 35.16%), large apartment complexes or high rise apartments ( 26.18%), and a few row houses and other attached homes ( 2.10%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Seaside Heights is dominated by renter-occupied one, two, or no bedrooms apartments. 78.73% of Seaside Heights's dwellings are rentals.

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. Seaside Heights's housing was primarily built during this period, from the '40s through the '60s. A full 56.31% of the borough's housing hails from this era. Other housing ages represented in Seaside Heights include homes built between 1970-1999 ( 26.83%) and housing constructed before 1939 ( 11.63%). There's also some housing in Seaside Heights built between 2000 and later ( 5.23%).

A decent proportion of the Seaside Heights housing stock is seasonally occupied. That is, homes and condos in Seaside Heights are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Seaside Heights housing market speaks to its popularity as a vacation location of choice.

Seaside Heights Home Appreciation Rates

Appreciation rates for homes in Seaside Heights have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.89%, which ranks in the top 50% nationwide. This equates to an annual average Seaside Heights house appreciation rate of 0.19%.

NeighborhoodScout's data show that during the latest twelve months, Seaside Heights's appreciation rate, at 4.16%, has been at or slightly above the national average. In the latest quarter, Seaside Heights's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Seaside Heights's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$563,412

Seaside Heights 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
137.21% 5.13% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,762 / per month

Homeownership Rate

Homeownership
Owners 21.27
Renters 78.73
Vacant 62.02

Housing Market Details

 

Age of Homes

AGE OF Seaside Heights HOMES
2000 or Newer 5.2
1970 - 1999 26.8
1940 - 1969 56.3
1939 or Older 11.6

Types of Homes

TYPE OF Seaside Heights HOMES
Single-Family 35.2
Townhomes 2.1
Small Apt. Buildings 36.6
Apt. Complexes 26.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Seaside Heights HOMES
No Bedroom 1.14
1 Bedroom 15.20
2 Bedrooms 44.34
3 Bedrooms 21.22
4 Bedrooms 14.41
5 or more bedrooms 3.68

Popular Neighborhoods in Seaside Heights

Zip Codes in Seaside Heights, NJ