Toms River, NJ Real Estate Market
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
Toms River, NJ Housing Market Trends
With 92,830 people, 35,166 houses or apartments, and a median cost of homes of $578,545, real estate costs in Toms River are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.
Single-family detached homes are the single most common housing type in Toms River, accounting for 78.42% of the town's housing units. Other types of housing that are prevalent in Toms River include large apartment complexes or high rise apartments ( 10.31%), row houses and other attached homes ( 4.71%), and a few mobile homes or trailers ( 3.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Toms River. Owner-occupied housing accounts for 79.33% of Toms River's homes, and 61.46% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Toms River 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 Toms River built between 1940-1969 ( 31.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.81%). There's also some housing in Toms River built before 1939 ( 3.13%).
Toms River Home Appreciation Rates
Appreciation rates for homes in Toms River have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.90%, which ranks in the top 40% nationwide. This equates to an annual average Toms River house appreciation rate of 6.96%.
Appreciation rates are so strong in Toms River that despite a nationwide downturn in the housing market, Toms River real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Toms River appreciation rates continue to be some of the highest in America, at 10.83%, which is higher than appreciation rates in 90.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Toms River. Toms River 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 Toms River's latest annual appreciation rate is higher than 50% 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 town. Individual neighborhoods within Toms River differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Toms River - 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 Toms River real estate investment or home purchase decisions.
Median Home Value
$578,545
Average
for New jersey
Very High
for nation
Number of Homes And Apartments:
35,166
NJ
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$3,440 / per month