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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ventnor City, NJ Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ventnor City, NJ Housing Market Trends

With a population of 9,246, 4,348 total housing units (homes and apartments), and a median house value of $656,779, real estate costs in Ventnor City 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 Ventnor City, accounting for 49.10% of the city's housing units. Other types of housing that are prevalent in Ventnor City include large apartment complexes or high rise apartments ( 23.99%), duplexes, homes converted to apartments or other small apartment buildings ( 16.93%), and a few row houses and other attached homes ( 9.88%).

The most prevalent building size and type in Ventnor City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.13% owning and 36.87% renting.

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. Ventnor City's housing was primarily built during this period, from the '40s through the '60s. A full 35.72% of the city's housing hails from this era. Other housing ages represented in Ventnor City include homes built before 1939 ( 30.86%) and housing constructed between 1970-1999 ( 26.13%). There's also some housing in Ventnor City built between 2000 and later ( 7.28%).

A decent proportion of the Ventnor City housing stock is seasonally occupied. That is, homes and condos in Ventnor City 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 Ventnor City housing market speaks to its popularity as a vacation location of choice.

Ventnor City Home Appreciation Rates

In the last 10 years, Ventnor City has experienced some of the highest home appreciation rates of any community in the nation. Ventnor City real estate appreciated 156.09% over the last ten years, which is an average annual home appreciation rate of 9.86%, putting Ventnor City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ventnor City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Ventnor City that despite a nationwide downturn in the housing market, Ventnor City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ventnor City appreciation rates continue to be some of the highest in America, at 22.96%, which is higher than appreciation rates in 99.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ventnor City. Ventnor City appreciation rates in the latest quarter were at 7.43%, which equates to an annual appreciation rate of 33.19%.

Importantly, this makes Ventnor City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to New Jersey, our data show that Ventnor City's latest annual appreciation rate is higher than 90% of the other cities and towns in New Jersey.

Average Home Values

Median Home Value

$656,779

Ventnor City, NJ Home Prices
> $1,925,000
$1,443,001 - $1,925,000
$962,001 - $1,443,000
$770,001 - $962,000
$577,001 - $770,000
$385,001 - $577,000
$192,001 - $385,000
$96,001 - $192,000
$0 - $96,000
7.3%
7.3%
4.3%
4.3%
7.6%
7.6%
13.4%
13.4%
21.6%
21.6%
32.7%
32.7%
8.0%
8.0%
2.5%
2.5%
2.5%
2.5%
0% 100.0%
% of Homes
Average

for New jersey

Very High

for nation

Number of Homes And Apartments:

4,348

Ventnor City Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,984 / per month

Homeownership Rate

Owners
Renters
63.1%
63.1%
36.9%
36.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
44.0%
44.0%
56.0%
56.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.3%
7.3%
26.1%
26.1%
35.7%
35.7%
30.9%
30.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
49.1%
49.1%
9.9%
9.9%
16.9%
16.9%
24.0%
24.0%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.6%
3.6%
10.2%
10.2%
23.9%
23.9%
29.7%
29.7%
21.7%
21.7%
10.8%
10.8%
0% 100.0%
% of Homes