Point Pleasant Beach NJ Homes for Sale
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Point Pleasant Beach, NJ Homes for Sale 100K – 200K
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Point Pleasant Beach NJ Homes for Sale
With 18,684 people, 7,416 houses or apartments, and a median cost of homes of $429,753, real estate costs in Point Pleasant 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 Point Pleasant, accounting for 85.03% of the borough’s housing units. Other types of housing that are prevalent in Point Pleasant include large apartment complexes or high rise apartments ( 6.86%), duplexes, homes converted to apartments or other small apartment buildings ( 4.22%), and a few row houses and other attached homes ( 3.89%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Point Pleasant. Owner-occupied housing accounts for 79.15% of Point Pleasant’s homes, and 65.29% 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. Point Pleasant’s housing was primarily built during this period, from the ’40s through the ’60s. A full 52.63% of the borough’s housing hails from this era. Other housing ages represented in Point Pleasant include homes built between 1970-1999 ( 32.71%) and housing constructed between 2000 and later ( 8.80%). There’s also some housing in Point Pleasant built before 1939 ( 5.86%).
Vacant housing appears to be an issue in Point Pleasant. Fully 12.68% of the housing stock is classified as vacant. Left unchecked, vacant Point Pleasant homes and apartments can be a drag on the real estate market, holding Point Pleasant 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.
POINT PLEASANT HOME APPRECIATION RATES
Real estate appreciation rates in Point Pleasant’s have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.73% during the period. Relative to New Jersey, our data show that Point Pleasant’s latest annual appreciation rate is higher than 60% of the other cities and towns in New Jersey. Information Provided By: https://www.neighborhoodscout.com/nj/point-pleasant/real-estate#description