Atlantic City, NJ has a median housing value of $179,200, which is much lower than the national average of $338,100. Despite being lower than the US house median value, Atlantic City saw an impressive 16.77% increase in house appreciation over the course of one year, which was almost double the US’s 1 year house appreciation rate of 8.27%. This suggests that despite having comparatively lower values for its housing market, Atlantic City’s housing market is still strong and growing stronger with time.
The median home cost in Atlantic City is $179,200. Home appreciation the last 10 years has been 60.3%. Home Appreciation in Atlantic City is up 18.3%.
Average Age of Homes
- The median age of Atlantic City real estate is 56 years old
The Rental Market in Atlantic City
- Renters make up 54.3% of the Atlantic City population
- 4.7% of houses and apartments in Atlantic City, 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.