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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Wildwood, NJ Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wildwood, NJ Housing Market Trends

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.

Wildwood Home Appreciation Rates

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.

Average Home Values

Median Home Value

$462,054

Wildwood, NJ Home Prices
> $1,447,000
$1,086,001 - $1,447,000
$724,001 - $1,086,000
$579,001 - $724,000
$434,001 - $579,000
$289,001 - $434,000
$145,001 - $289,000
$72,001 - $145,000
$0 - $72,000
0.9%
0.9%
1.6%
1.6%
13.8%
13.8%
12.0%
12.0%
29.1%
29.1%
29.9%
29.9%
9.6%
9.6%
1.6%
1.6%
1.4%
1.4%
0% 100.0%
% of Homes
Low

for New jersey

Very High

for nation

Number of Homes And Apartments:

2,461

Wildwood Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,325 / per month

Homeownership Rate

Owners
Renters
46.5%
46.5%
53.5%
53.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
63.2%
63.2%
36.8%
36.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
28.7%
28.7%
21.5%
21.5%
16.8%
16.8%
33.0%
33.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
22.3%
22.3%
31.6%
31.6%
27.2%
27.2%
18.9%
18.9%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.0%
4.0%
15.5%
15.5%
23.4%
23.4%
39.4%
39.4%
11.7%
11.7%
6.0%
6.0%
0% 100.0%
% of Homes