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 4,869, 1,903 total housing units (homes and apartments), and a median house value of $1,103,033, Point Pleasant Beach house prices are not only among the most expensive in New Jersey, Point Pleasant Beach real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Point Pleasant Beach, accounting for 66.37% of the borough's housing units. Other types of housing that are prevalent in Point Pleasant Beach include row houses and other attached homes ( 14.25%), duplexes, homes converted to apartments or other small apartment buildings ( 11.39%), and a few large apartment complexes or high rise apartments ( 7.99%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Point Pleasant Beach. Owner-occupied housing accounts for 68.26% of Point Pleasant Beach's homes, and 59.09% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Point Pleasant Beach's housing was primarily built during this period, from the '40s through the '60s. A full 42.15% of the borough's housing hails from this era. Other housing ages represented in Point Pleasant Beach include homes built between 1970-1999 ( 21.46%) and housing constructed before 1939 ( 19.52%). There's also some housing in Point Pleasant Beach built between 2000 and later ( 16.87%).
A decent proportion of the Point Pleasant Beach housing stock is seasonally occupied. That is, homes and condos in Point Pleasant Beach 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 Point Pleasant Beach housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Point Pleasant Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.10%, which ranks in the top 40% nationwide. This equates to an annual average Point Pleasant Beach house appreciation rate of 6.97%.
Appreciation rates are so strong in Point Pleasant Beach that despite a nationwide downturn in the housing market, Point Pleasant Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Point Pleasant Beach appreciation rates continue to be some of the highest in America, at 10.39%, which is higher than appreciation rates in 89.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Point Pleasant Beach. Point Pleasant Beach 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 Point Pleasant Beach's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.
$1,103,033
for New jersey
for nation
1,903
$3,356 / per month