Brigantine, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Brigantine, NJ Housing Market Trends

With a population of 8,650, 4,052 total housing units (homes and apartments), and a median house value of $470,562, real estate costs in Brigantine 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 Brigantine, accounting for 50.51% of the city's housing units. Other types of housing that are prevalent in Brigantine include row houses and other attached homes ( 18.82%), large apartment complexes or high rise apartments ( 17.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.17%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brigantine. Owner-occupied housing accounts for 74.07% of Brigantine's homes, and 54.81% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brigantine 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 Brigantine built between 1940-1969 ( 33.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.68%). There's also some housing in Brigantine built before 1939 ( 3.69%).

A decent proportion of the Brigantine housing stock is seasonally occupied. That is, homes and condos in Brigantine 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 Brigantine housing market speaks to its popularity as a vacation location of choice.

Brigantine Home Appreciation Rates

Real estate appreciation rates in Brigantine's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.04% during the period.

Appreciation rates are so strong in Brigantine that despite a nationwide downturn in the housing market, Brigantine real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brigantine appreciation rates continue to be some of the highest in America, at 13.59%, which is higher than appreciation rates in 91.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brigantine. Brigantine appreciation rates in the latest quarter were at 5.99%, which equates to an annual appreciation rate of 26.20%.

Importantly, this makes Brigantine one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to New Jersey, our data show that Brigantine's latest annual appreciation rate is higher than 90% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$470,562

Brigantine, NJ HOME PRICES

> $1,329,000
2.0%
2.0%
$996,001 - $1,329,000
3.1%
3.1%
$664,001 - $996,000
18.7%
18.7%
$532,001 - $664,000
13.5%
13.5%
$399,001 - $532,000
27.8%
27.8%
$266,001 - $399,000
22.7%
22.7%
$133,001 - $266,000
8.2%
8.2%
$66,001 - $133,000
2.7%
2.7%
$0 - $66,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for NJ

Value Relative To Nation

Number Of Homes And Apartments:
4,052

Brigantine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
154.80% 4.45%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,302 / per month

Homeownership Rate

Owners
74.1%
74.1%
Renters
25.9%
25.9%
Vacant
57.2%
57.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.7%
12.7%
1970 - 1999
50.0%
50.0%
1940 - 1969
33.6%
33.6%
1939 or Older
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
50.5%
50.5%
Townhomes
18.8%
18.8%
Small Apt. Buildings
13.2%
13.2%
Apt. Complexes
17.5%
17.5%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
8.7%
8.7%
2 Bedrooms
30.5%
30.5%
3 Bedrooms
37.1%
37.1%
4 Bedrooms
17.7%
17.7%
5 or more bedrooms
5.2%
5.2%
0.0% 100.0%
% OF HOMES