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 47,946, 16,635 total housing units (homes and apartments), and a median house value of $383,167, Egg Harbor Township real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Egg Harbor Township homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Egg Harbor Township, accounting for 72.75% of the township's housing units. Other types of housing that are prevalent in Egg Harbor Township include mobile homes or trailers ( 10.55%), large apartment complexes or high rise apartments ( 7.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.62%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Egg Harbor Township. Owner-occupied housing accounts for 82.71% of Egg Harbor Township's homes, and 68.04% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Egg Harbor Township built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Egg Harbor Township built between 2000 and later ( 36.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.88%). There's also some housing in Egg Harbor Township built before 1939 ( 6.77%).
Appreciation rates for homes in Egg Harbor Township have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.12%, which ranks in the top 40% nationwide. This equates to an annual average Egg Harbor Township house appreciation rate of 6.97%.
Appreciation rates are so strong in Egg Harbor Township that despite a nationwide downturn in the housing market, Egg Harbor Township real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Egg Harbor Township appreciation rates continue to be some of the highest in America, at 14.45%, which is higher than appreciation rates in 97.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Egg Harbor Township. Egg Harbor Township appreciation rates in the latest quarter were at 7.43%, which equates to an annual appreciation rate of 33.19%.
Importantly, NeighborhoodScout’s exclusive research found that Egg Harbor Township's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to New Jersey, our data show that Egg Harbor Township's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the township. Individual neighborhoods within Egg Harbor Township differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Egg Harbor Township - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Egg Harbor Township real estate investment or home purchase decisions.
$383,167
for New jersey
for nation
16,635
$3,103 / per month