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 a population of 3,894, 1,204 total housing units (homes and apartments), and a median house value of $459,040, Barnegat real estate prices are well above average cost compared to national prices.
Barnegat is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Barnegat than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Barnegat. Owner-occupied housing accounts for 84.97% of Barnegat's homes, and 79.97% have either three or four bedrooms, which is average sized relative to America.
Barnegat homes and real estate are some of the newest in America. 39.40% of Barnegat's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Barnegat real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.18%), and before 1939 ( 17.56%). There's also some housing in Barnegat built between 1940-1969 ( 8.85%).
Vacant housing appears to be an issue in Barnegat. Fully 12.63% of the housing stock is classified as vacant. Left unchecked, vacant Barnegat homes and apartments can be a drag on the real estate market, holding Barnegat real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Barnegat have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.68%, which ranks in the top 40% nationwide. This equates to an annual average Barnegat house appreciation rate of 7.11%.
Appreciation rates are so strong in Barnegat that despite a nationwide downturn in the housing market, Barnegat real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Barnegat appreciation rates continue to be some of the highest in America, at 9.20%, which is higher than appreciation rates in 82.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Barnegat. Barnegat appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New Jersey, our data show that Barnegat's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.
$459,040
for New jersey
for nation
1,204
$3,558 / per month