Egg Harbor Township, 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

Egg Harbor Township, NJ Housing Market Trends

With 41,492 people, 3,208 houses or apartments, and a median cost of homes of $300,620, Egg Harbor Township real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Egg Harbor Township, accounting for 75.93% of the town's housing units. Other types of housing that are prevalent in Egg Harbor Township include mobile homes or trailers ( 10.54%), large apartment complexes or high rise apartments ( 6.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.27%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Egg Harbor Township. Owner-occupied housing accounts for 87.59% of Egg Harbor Township's homes, and 67.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Egg Harbor Township 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 Egg Harbor Township built between 2000 and later ( 37.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.60%). There's also some housing in Egg Harbor Township built before 1939 ( 2.83%).

Vacant housing appears to be an issue in Egg Harbor Township. Fully 10.72% of the housing stock is classified as vacant. Left unchecked, vacant Egg Harbor Township homes and apartments can be a drag on the real estate market, holding Egg Harbor Township real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Egg Harbor Township Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Egg Harbor Township, where house values have increased just 12.35%, which is annualized rate of 1.17%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Egg Harbor Township that despite a nationwide downturn in the housing market, Egg Harbor Township real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Egg Harbor Township appreciation rates continue to be some of the highest in America, at 12.84%, which is higher than appreciation rates in 88.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Egg Harbor Township. Egg Harbor Township appreciation rates in the latest quarter were at 5.95%, which equates to an annual appreciation rate of 26.00%.

Importantly, NeighborhoodScout’s exclusive research found that Egg Harbor Township's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to New Jersey, our data show that Egg Harbor Township's latest annual appreciation rate is higher than 90% 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 Egg Harbor Township differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Egg Harbor Township - 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 Egg Harbor Township real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$300,620

Egg Harbor Township, NJ HOME PRICES

> $1,255,000
0.6%
0.6%
$941,001 - $1,255,000
0.2%
0.2%
$627,001 - $941,000
2.1%
2.1%
$502,001 - $627,000
2.8%
2.8%
$377,001 - $502,000
12.0%
12.0%
$251,001 - $377,000
35.7%
35.7%
$125,001 - $251,000
32.5%
32.5%
$63,001 - $125,000
5.5%
5.5%
$0 - $63,000
8.7%
8.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for NJ

Value Relative To Nation

Number Of Homes And Apartments:
3,208

Egg Harbor Township 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
47.77% 1.83%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,618 / per month

Homeownership Rate

Owners
87.6%
87.6%
Renters
12.4%
12.4%
Vacant
10.7%
10.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
37.9%
37.9%
1970 - 1999
45.6%
45.6%
1940 - 1969
13.6%
13.6%
1939 or Older
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.9%
75.9%
Townhomes
2.9%
2.9%
Small Apt. Buildings
4.3%
4.3%
Apt. Complexes
6.4%
6.4%
Mobile Homes
10.5%
10.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.1%
0.1%
1 Bedroom
4.0%
4.0%
2 Bedrooms
21.8%
21.8%
3 Bedrooms
39.7%
39.7%
4 Bedrooms
28.0%
28.0%
5 or more bedrooms
6.4%
6.4%
0.0% 100.0%
% OF HOMES