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 1,473, 950 total housing units (homes and apartments), and a median house value of $990,981, Seaside Park house prices are not only among the most expensive in New Jersey, Seaside Park 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 Seaside Park, accounting for 62.03% of the borough's housing units. Other types of housing that are prevalent in Seaside Park include duplexes, homes converted to apartments or other small apartment buildings ( 23.03%), large apartment complexes or high rise apartments ( 11.42%), and a few row houses and other attached homes ( 2.56%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Seaside Park. Owner-occupied housing accounts for 75.75% of Seaside Park's homes, and 48.99% 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. Seaside Park's housing was primarily built during this period, from the '40s through the '60s. A full 30.21% of the borough's housing hails from this era. Other housing ages represented in Seaside Park include homes built before 1939 ( 28.27%) and housing constructed between 1970-1999 ( 24.79%). There's also some housing in Seaside Park built between 2000 and later ( 16.73%).
A decent proportion of the Seaside Park housing stock is seasonally occupied. That is, homes and condos in Seaside Park 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 Seaside Park housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Seaside Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.08%, which ranks in the top 50% nationwide. This equates to an annual average Seaside Park house appreciation rate of 6.75%.
Appreciation rates are so strong in Seaside Park that despite a nationwide downturn in the housing market, Seaside Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Seaside Park appreciation rates continue to be some of the highest in America, at 9.31%, which is higher than appreciation rates in 82.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Seaside Park. Seaside Park 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 Seaside Park's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.
$990,981
for New jersey
for nation
950
$2,809 / per month