Wildwood, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wildwood Neighborhoods Since 2000




Wildwood, 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

Wildwood Housing Market Information

With 5,149 people, 2,418 houses or apartments, and a median cost of homes of $235,070, Wildwood real estate prices are well above average cost compared to national prices.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Wildwood, accounting for 35.83% of the city's housing units. Other types of housing that are prevalent in Wildwood include single-family detached homes ( 25.41%), large apartment complexes or high rise apartments ( 20.35%), and a few row houses and other attached homes ( 18.40%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Wildwood primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Wildwood has a mixture of owner-occupied and renter-occupied housing.

The housing in Wildwood was primarily built before 1939 ( 42.54%), 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 ( 21.46%), followed by between 1940-1969 ( 19.50%). There's also some housing in Wildwood built between 1970-1999 ( 16.50%).

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

Homes have actually lost value in Wildwood over the last then years, as home values have seen a decline of 23.91% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Wildwood home appreciation rates at -3.51%, which equates to an annual appreciation rate of -13.30%.

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 -2.83%, 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 -3.51%, which equates to an annual appreciation rate of -13.30%.

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:
$235,070

Wildwood, NJ HOME PRICES

Value Range
> $989,000 0.3
$742,001 - $989,000 4.2
$495,001 - $742,000 3.9
$395,001 - $495,000 3.8
$297,001 - $395,000 16.0
$198,001 - $297,000 34.8
$99,001 - $198,000 31.2
$50,001 - $99,000 1.9
$0 - $50,000 3.8

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
24.9150357435837 79.0650406504065

Number Of Homes And Apartments:
2,418

Wildwood 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
84.36% 3.61% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,053 / per month

Homeownership Rate

Homeownership
Owners 49.94
Renters 50.06
Vacant 67.90

Housing Market Details

 

Age of Homes

AGE OF Wildwood HOMES
2000 or Newer 21.5
1970 - 1999 16.5
1940 - 1969 19.5
1939 or Older 42.5

Types of Homes

TYPE OF Wildwood HOMES
Single-Family 25.4
Townhomes 18.4
Small Apt. Buildings 35.8
Apt. Complexes 20.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Wildwood HOMES
No Bedroom 8.55
1 Bedroom 8.40
2 Bedrooms 33.01
3 Bedrooms 34.19
4 Bedrooms 10.65
5 or more bedrooms 5.20