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
With a population of 7,994, 2,472 total housing units (homes and apartments), and a median house value of $426,617, real estate costs in West Long Branch 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 West Long Branch, accounting for 79.41% of the borough's housing units. Other types of housing that are prevalent in West Long Branch include large apartment complexes or high rise apartments ( 9.55%), duplexes, homes converted to apartments or other small apartment buildings ( 7.14%), and a few row houses and other attached homes ( 3.51%).
The most prevalent building size and type in West Long Branch are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.57% owning and 36.43% 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. West Long Branch's housing was primarily built during this period, from the '40s through the '60s. A full 47.65% of the borough's housing hails from this era. Other housing ages represented in West Long Branch include homes built between 1970-1999 ( 29.94%) and housing constructed before 1939 ( 16.49%). There's also some housing in West Long Branch built between 2000 and later ( 5.92%).
West Long Branch's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Long Branch during the period has been just -1.73%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, West Long Branch's appreciation rate, at 3.47%, has been at or slightly above the national average. In the latest quarter, West Long Branch's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.
Relative to New Jersey, our data show that West Long Branch's latest annual appreciation rate is higher than 60% of the other cities and towns in New Jersey.
|$832,001 - $1,109,000||4.6|
|$554,001 - $832,000||24.6|
|$443,001 - $554,000||21.9|
|$333,001 - $443,000||24.6|
|$222,001 - $333,000||15.3|
|$111,001 - $222,000||1.5|
|$55,001 - $111,000||1.7|
|$0 - $55,000||1.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF West Long Branch HOMES|
|2000 or Newer||5.9|
|1970 - 1999||29.9|
|1940 - 1969||47.7|
|1939 or Older||16.5|
|TYPE OF West Long Branch HOMES|
|Small Apt. Buildings||7.1|
|SIZE OF West Long Branch HOMES|
|5 or more bedrooms||7.14|