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 2,486 people, 1,075 houses or apartments, and a median cost of homes of $561,227, Seaside Heights real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Seaside Heights, accounting for 40.15% of the borough's housing units. Other types of housing that are prevalent in Seaside Heights include duplexes, homes converted to apartments or other small apartment buildings ( 34.27%), large apartment complexes or high rise apartments ( 24.80%).
People in Seaside Heights primarily live in small (one, two or no bedroom) single-family detached homes. Seaside Heights has a mixture of owner-occupied and renter-occupied housing.
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. Seaside Heights's housing was primarily built during this period, from the '40s through the '60s. A full 48.24% of the borough's housing hails from this era. Other housing ages represented in Seaside Heights include homes built between 1970-1999 ( 23.76%) and housing constructed before 1939 ( 15.85%). There's also some housing in Seaside Heights built between 2000 and later ( 12.15%).
A decent proportion of the Seaside Heights housing stock is seasonally occupied. That is, homes and condos in Seaside Heights 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 Seaside Heights housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Seaside Heights has experienced some of the highest home appreciation rates of any community in the nation. Seaside Heights real estate appreciated 116.28% over the last ten years, which is an average annual home appreciation rate of 8.02%, putting Seaside Heights in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Seaside Heights definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Seaside Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Seaside Heights's appreciation rate has been 1.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Seaside Heights were at 1.84%, which equates to an annual appreciation rate of 7.54%.
Relative to New Jersey, our data show that Seaside Heights's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.
$561,227
for New jersey
for nation
1,075
$2,792 / per month