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 5,157 people, 2,461 houses or apartments, and a median cost of homes of $462,054, Wildwood real estate prices are well above average cost compared to national prices.
Row houses and other attached homes are the single most common housing type in Wildwood, accounting for 31.62% of the city's housing units. Other types of housing that are prevalent in Wildwood include duplexes, homes converted to apartments or other small apartment buildings ( 27.16%), single-family detached homes ( 22.29%), and a few large apartment complexes or high rise apartments ( 18.94%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
The most prevalent building size and type in Wildwood are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The city has a mixture of owners and renters, with 46.47% owning and 53.53% renting.
The housing in Wildwood was primarily built before 1939 ( 33.01%), making the housing stock in Wildwood some of the oldest overall in America, although there is a range of ages of homes in Wildwood. The next most important housing age is between 2000 and later ( 28.67%), followed by between 1970-1999 ( 21.54%). There's also some housing in Wildwood built between 1940-1969 ( 16.78%).
A decent proportion of the Wildwood housing stock is seasonally occupied. That is, homes and condos in Wildwood 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 Wildwood housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Wildwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.43%, which ranks in the top 40% nationwide. This equates to an annual average Wildwood house appreciation rate of 6.98%.
Over the last year, Wildwood appreciation rates have trailed the rest of the nation. In the last twelve months, Wildwood's appreciation rate has been 2.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wildwood were at -2.88%, which equates to an annual appreciation rate of -11.01%.
Notably, Wildwood's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New Jersey, our data show that Wildwood's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.
$462,054
for New jersey
for nation
2,461
$2,325 / per month