Zip 08244 (Somers Point, NJ) Housing

Somers Point, NJ (08244) has a median housing value of $323,000 which is slightly lower than the US median value of $338,100. Despite the lower median value, homes in the area have seen a significant appreciation rate over the last year of 16.42%, more than double the US average of 8.27%. This makes Somers Point an attractive place to invest in real estate as well as live comfortably in an affordable area.

The median home cost in Somers Point (zip 08244) is $323,000. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Somers Point (zip 08244) is up 20.3%.

Average Age of Homes

- The median age of Somers Point (zip 08244) real estate is 50 years old

The Rental Market in Somers Point (zip 08244)

- Renters make up 37.4% of the Somers Point (zip 08244) population
- 2.7% of houses and apartments in Somers Point (zip 08244), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Somers Point, New Jersey	United States
	5,679.0	139,647,020.0
	52	42
	$323,000	$338,100
	20.3%	16.6%
	70.1%	57.0%
	70.7%	101.1%
	$28.46	$10.98
	$6,528	$2,690
	41.3%	57.4%
	18.4%	11.2%
	40.4%	31.4%
Vacant Housing
	2.7%	1.9%
	0.4%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	11.3%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.8%	2.4%
	0.0%	2.8%
	0.6%	3.9%
	0.0%	4.5%
	8.1%	11.3%
	21.2%	13.0%
	47.7%	20.1%
	15.2%	13.6%
	2.0%	8.3%
	2.5%	9.7%
	0.7%	3.9%
	0.2%	2.2%
	0.5%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.7%	13.6%
	4.7%	13.6%
	3.5%	13.6%
	13.6%	13.2%
	24.5%	14.8%
	3.5%	13.6%
	15.3%	10.0%
	4.5%	4.7%
	9.2%	12.2%

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