Median price for residential apartments in Lakewood, NJ as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
Filters |
831 Lakewood, NJ 08701, USA apartments for sale
Map viewFilters
Lakewood
According to statistics, the population in Lakewood, NJ amounts to 55,135, which shows decline 1% compared to the previous year. The median age of the city’s residents is 17. The average household income is $44,708, shifting growth 9% from the past year, and the average property value in Lakewood, NJ growth 4% to $425,700 throughout the year.
| Population | 55,135 |
| Median Age | 17.4 |
| Poverty Rate | 37% |
| Household Income | $44,708 |
| Number Of Employees | 15,928 |
| Median Property Value | $425,700 |
Household Income
The average household income in Lakewood, NJ grew from $40,966 to $44,708 in the past year. This data is an estimate based upon 10,420 households in Lakewood, NJ . The chart below presents how household income is distributed in Lakewood, NJ in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Lakewood, NJ shifted from $409,300 to $425,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Lakewood, NJ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Lakewood, NJ properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lakewood, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Lakewood, NJ equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Lakewood, NJ 08701, USA
Average apartment sale in Lakewood: $528,917 (-0%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $297,255 | +6.4% |
| 1-bed apartments | $131,256 | +5.3% |
| 2-bed apartments | $372,876 | +6.2% |
| 3-bed apartments | $624,308 | +1.6% |
| 4+ bed apartments | $1,019,099 | -6.8% |
During Jan 2023, the average price for an apartment in/near Lakewood, NJ decreased by 0% to $528,917.
Knowing the current property prices is key if you plan to buy a studio in Lakewood, NJ. The average price for a studio has increased since the last month, currently being $297,255. After collecting all data points, we now see that the average price for 1-bed apartment increased by 5.3% to $131,256. Asking price for 2-bed apartment also increased by 6.2% and a place of this size will now cost you $372,876. A 3-bed apartment goes for $624,308, it increased by 1.6% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 6.8% and made it down to $1,019,099.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Townhouses for sale | $575,290 | +1.7% |
| Lofts for sale | $681,000 | +0% |
| Houses for sale | $679,132 | +1.9% |
| Condos for sale | $326,283 | +3% |
| Other for sale | $197,784 | -0.4% |
| Land for sale | $993,555 | +38.1% |
| Duplexes for sale | $545,000 | +0% |
Price reports demonstrate that house price increased by 1.9% this month making it up to $679,132. Condos are really in demand in this season. The median price for a condo increased by 3%, it’s now available for $326,283. An average value of duplex is $545,000, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $681,000. The property value of townhouses increased by 1.7%, you’ll have to spend around $575,290 to get one. The average price of the land for sale in Lakewood, NJ has increased by 38.1%, and now equals $993,555. The price for other types of properties for sale has changed since Dec, decreased by 0.4%. Now, the price is $197,784 on average.
`