Ventnor City, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ventnor City Neighborhoods Since 2000




Ventnor City, 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

Ventnor City Housing Market Information

With 10,486 people, 4,274 houses or apartments, and a median cost of homes of $245,887, Ventnor City real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ventnor City, accounting for 48.57% of the city's housing units. Other types of housing that are prevalent in Ventnor City include large apartment complexes or high rise apartments ( 22.00%), duplexes, homes converted to apartments or other small apartment buildings ( 19.68%), and a few row houses and other attached homes ( 8.60%).

The most prevalent building size and type in Ventnor City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.62% owning and 40.38% renting.

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. Ventnor City's housing was primarily built during this period, from the '40s through the '60s. A full 38.51% of the city's housing hails from this era. Other housing ages represented in Ventnor City include homes built before 1939 ( 29.65%) and housing constructed between 1970-1999 ( 27.65%). There's also some housing in Ventnor City built between 2000 and later ( 4.20%).

A decent proportion of the Ventnor City housing stock is seasonally occupied. That is, homes and condos in Ventnor City 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 Ventnor City housing market speaks to its popularity as a vacation location of choice.

Ventnor City Home Appreciation Rates

Homes have actually lost value in Ventnor City over the last then years, as home values have seen a decline of 31.25% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ventnor City home appreciation rates at -5.44%, which equates to an annual appreciation rate of -20.04%.

Over the last year, Ventnor City appreciation rates have trailed the rest of the nation. In the last twelve months, Ventnor City's appreciation rate has been -6.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ventnor City were at -5.44%, which equates to an annual appreciation rate of -20.04%.

Notably, Ventnor City's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Jersey, our data show that Ventnor City's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$245,887

Ventnor City, NJ HOME PRICES

Value Range
> $903,000 5.1
$677,001 - $903,000 1.9
$451,001 - $677,000 12.2
$361,001 - $451,000 7.3
$271,001 - $361,000 21.2
$181,001 - $271,000 28.6
$90,001 - $181,000 19.2
$45,001 - $90,000 2.8
$0 - $45,000 1.7

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
23.1805929919137 77.8455284552846

Number Of Homes And Apartments:
4,274

Ventnor City 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
64.94% 2.94% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,446 / per month

Homeownership Rate

Homeownership
Owners 59.62
Renters 40.38
Vacant 43.79

Housing Market Details

 

Age of Homes

AGE OF Ventnor City HOMES
2000 or Newer 4.2
1970 - 1999 27.6
1940 - 1969 38.5
1939 or Older 29.6

Types of Homes

TYPE OF Ventnor City HOMES
Single-Family 48.6
Townhomes 8.6
Small Apt. Buildings 19.7
Apt. Complexes 22.0
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Ventnor City HOMES
No Bedroom 3.84
1 Bedroom 14.03
2 Bedrooms 25.38
3 Bedrooms 30.45
4 Bedrooms 17.28
5 or more bedrooms 9.01