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 4,399 people, 1,907 houses or apartments, and a median cost of homes of $886,564, real estate costs in Atlantic Highlands 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 Atlantic Highlands, accounting for 67.01% of the borough's housing units. Other types of housing that are prevalent in Atlantic Highlands include large apartment complexes or high rise apartments ( 22.23%), duplexes, homes converted to apartments or other small apartment buildings ( 7.85%), and a few row houses and other attached homes ( 2.91%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Atlantic Highlands. Owner-occupied housing accounts for 69.61% of Atlantic Highlands's homes, and 43.75% 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. Atlantic Highlands's housing was primarily built during this period, from the '40s through the '60s. A full 36.92% of the borough's housing hails from this era. Other housing ages represented in Atlantic Highlands include homes built before 1939 ( 28.71%) and housing constructed between 1970-1999 ( 20.40%). There's also some housing in Atlantic Highlands built between 2000 and later ( 13.97%).
Appreciation rates for homes in Atlantic Highlands have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.17%, which ranks in the top 50% nationwide. This equates to an annual average Atlantic Highlands house appreciation rate of 6.69%.
Appreciation rates are so strong in Atlantic Highlands that despite a nationwide downturn in the housing market, Atlantic Highlands real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Atlantic Highlands appreciation rates continue to be some of the highest in America, at 13.23%, which is higher than appreciation rates in 95.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Atlantic Highlands. Atlantic Highlands 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 Atlantic Highlands's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.
$886,564
for New jersey
for nation
1,907
$3,600 / per month