Ship Bottom, NJ is a popular residential area due to its coastal location and relaxed atmosphere. Housing values are steadily rising in this neighborhood; the median house value climbs to $1,043,900, more than three times higher than the national median of $338,100. In the past year alone, house appreciation in Ship Bottom was 15.62%, more than double the 8.27% national appreciation rate. With such high values and rapid growth, investing in real estate in Ship Bottom is an attractive option for many people looking to make a profitable purchase.
The median home cost in Ship Bottom is $1,043,900. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Ship Bottom is up 18.1%.
Average Age of Homes
- The median age of Ship Bottom real estate is 50 years old
The Rental Market in Ship Bottom
- Renters make up 3.5% of the Ship Bottom population
- 1.4% of houses and apartments in Ship Bottom, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.