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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 4,100, 1,448 total housing units (homes and apartments), and a median house value of $234,402, house prices in Jersey Shore are solidly below the national average.
Single-family detached homes are the single most common housing type in Jersey Shore, accounting for 79.47% of the borough's housing units. Other types of housing that are prevalent in Jersey Shore include duplexes, homes converted to apartments or other small apartment buildings ( 11.75%), large apartment complexes or high rise apartments ( 3.36%), and a few mobile homes or trailers ( 3.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jersey Shore. Owner-occupied housing accounts for 67.87% of Jersey Shore's homes, and 62.10% have either three or four bedrooms, which is average sized relative to America.
The housing in Jersey Shore was primarily built before 1939 ( 62.30%), making the housing stock in Jersey Shore some of the oldest overall in America, although there is a range of ages of homes in Jersey Shore. The next most important housing age is between 1940-1969 ( 21.24%), followed by between 1970-1999 ( 14.33%). There's also some housing in Jersey Shore built between 2000 and later ( 2.13%).
Jersey Shore's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jersey Shore during the period has been just 5.60%, which is lower than 70% of US communities.
Over the last year, Jersey Shore appreciation rates have trailed the rest of the nation. In the last twelve months, Jersey Shore's appreciation rate has been 0.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jersey Shore were at 2.97%, which equates to an annual appreciation rate of 12.43%.
Importantly, this makes Jersey Shore one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Jersey Shore's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
$234,402
for Pennsylvania
for nation
1,448
$1,187 / per month