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 92,830 people, 35,166 houses or apartments, and a median cost of homes of $518,358, Toms River real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Toms River, accounting for 78.42% of the town's housing units. Other types of housing that are prevalent in Toms River include large apartment complexes or high rise apartments ( 10.31%), row houses and other attached homes ( 4.71%), and a few mobile homes or trailers ( 3.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Toms River. Owner-occupied housing accounts for 79.33% of Toms River's homes, and 61.46% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Toms River 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 Toms River built between 1940-1969 ( 31.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.81%). There's also some housing in Toms River built before 1939 ( 3.13%).
Real estate appreciation rates in Toms River's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.01% during the period.
NeighborhoodScout's data show that during the latest twelve months, Toms River's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Toms River's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.
Relative to New Jersey, our data show that Toms River's latest annual appreciation rate is lower than 70% 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 Toms River differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Toms River - 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 Toms River real estate investment or home purchase decisions.
$518,358
for New jersey
for nation
35,166
$3,273 / per month