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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.



Brick, 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 Q4 2023. 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

Brick, NJ Housing Market Trends

With 75,651 people, 29,655 houses or apartments, and a median cost of homes of $469,009, Brick real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Brick, accounting for 77.75% of the township's housing units. Other types of housing that are prevalent in Brick include row houses and other attached homes ( 10.96%), large apartment complexes or high rise apartments ( 8.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.50%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brick. Owner-occupied housing accounts for 80.13% of Brick's homes, and 56.23% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brick 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 Brick built between 1940-1969 ( 32.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.82%). There's also some housing in Brick built before 1939 ( 2.92%).

Brick Home Appreciation Rates

Real estate appreciation rates in Brick's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.04% during the period.

NeighborhoodScout's data show that during the latest twelve months, Brick's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Brick's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New Jersey, our data show that Brick's latest annual appreciation rate is lower than 80% 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 township. Individual neighborhoods within Brick differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brick - 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 Brick real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$469,009

Brick, NJ Home Prices
> $1,320,000
$990,001 - $1,320,000
$660,001 - $990,000
$528,001 - $660,000
$396,001 - $528,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
2.3%
2.3%
2.0%
2.0%
11.5%
11.5%
19.6%
19.6%
30.7%
30.7%
22.3%
22.3%
8.8%
8.8%
1.3%
1.3%
1.4%
1.4%
0% 100.0%
% of Homes
Low

for New jersey

Very High

for nation

Number of Homes And Apartments:

29,655

Brick Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,263 / per month

Homeownership Rate

Owners
Renters
80.1%
80.1%
19.9%
19.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.8%
9.8%
90.2%
90.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.8%
8.8%
56.0%
56.0%
32.3%
32.3%
2.9%
2.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.7%
77.7%
11.0%
11.0%
2.5%
2.5%
8.5%
8.5%
0.3%
0.3%
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
1.0%
1.0%
9.6%
9.6%
28.8%
28.8%
36.8%
36.8%
19.5%
19.5%
4.4%
4.4%
0% 100.0%
% of Homes