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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.



Point Pleasant Beach, 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 Q2 2024. 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

Point Pleasant Beach, NJ Housing Market Trends

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.

Point Pleasant Beach Home Appreciation Rates

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.

Average Home Values

Median Home Value

$1,103,033

Point Pleasant Beach, NJ Home Prices
> $1,485,000
$1,114,001 - $1,485,000
$742,001 - $1,114,000
$594,001 - $742,000
$445,001 - $594,000
$297,001 - $445,000
$149,001 - $297,000
$74,001 - $149,000
$0 - $74,000
20.4%
20.4%
35.6%
35.6%
25.6%
25.6%
6.2%
6.2%
10.0%
10.0%
1.0%
1.0%
0.0%
0.0%
0.8%
0.8%
0.3%
0.3%
0% 100.0%
% of Homes
Very High

for New jersey

Very High

for nation

Number of Homes And Apartments:

1,903

Point Pleasant Beach Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,356 / per month

Homeownership Rate

Owners
Renters
68.3%
68.3%
31.7%
31.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
32.7%
32.7%
67.3%
67.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.9%
16.9%
21.5%
21.5%
42.1%
42.1%
19.5%
19.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.4%
66.4%
14.3%
14.3%
11.4%
11.4%
8.0%
8.0%
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
0.0%
0.0%
4.1%
4.1%
30.8%
30.8%
29.9%
29.9%
29.2%
29.2%
6.0%
6.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Point Pleasant Beach

Zip Codes in Point Pleasant Beach, NJ