Toms River, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Toms River Neighborhoods Since 2000




Toms River, 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

Toms River Housing Market Information

With 88,802 people, 33,222 houses or apartments, and a median cost of homes of $316,614, real estate costs in Toms River 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 Toms River, accounting for 80.35% of the town's housing units. Other types of housing that are prevalent in Toms River include large apartment complexes or high rise apartments ( 10.13%), row houses and other attached homes ( 4.46%), and a few mobile homes or trailers ( 3.21%).

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 79.53% of Toms River's homes, and 61.28% 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 ( 31.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.63%). There's also some housing in Toms River built before 1939 ( 3.39%).

Toms River Home Appreciation Rates

Toms River's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Toms River during the period has been just -1.85%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Toms River's appreciation rate, at 4.46%, has been at or slightly above the national average. In the latest quarter, Toms River's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Toms River's latest annual appreciation rate is higher 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.

Average Home Values

 

Median Home Value:
$316,614

Toms River, NJ HOME PRICES

Value Range
> $1,086,000 0.9
$815,001 - $1,086,000 1.7
$543,001 - $815,000 6.0
$434,001 - $543,000 8.9
$326,001 - $434,000 24.5
$217,001 - $326,000 39.1
$109,001 - $217,000 11.9
$54,001 - $109,000 3.3
$0 - $54,000 3.7

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
14.8951130903551 57.9268292682927

Number Of Homes And Apartments:
33,222

Toms River 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
69.64% 3.11% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,098 / per month

Homeownership Rate

Homeownership
Owners 79.53
Renters 20.47
Vacant 9.37

Housing Market Details

 

Age of Homes

AGE OF Toms River HOMES
2000 or Newer 10.6
1970 - 1999 54.0
1940 - 1969 31.9
1939 or Older 3.4

Types of Homes

TYPE OF Toms River HOMES
Single-Family 80.4
Townhomes 4.5
Small Apt. Buildings 1.8
Apt. Complexes 10.1
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Toms River HOMES
No Bedroom 0.65
1 Bedroom 6.67
2 Bedrooms 26.43
3 Bedrooms 36.68
4 Bedrooms 24.60
5 or more bedrooms 4.97