According to statistics, the population in Long Branch, NJ amounts to 30,751, which shows decline 0% compared to the previous year. The median age of the city’s residents is 37. The average household income is $54,398, shifting growth 6% from the past year, and the average property value in Long Branch, NJ growth 6% to $337,000 throughout the year.
|Number Of Employees||15,286|
|Median Property Value||$337,000|
The average household income in Long Branch, NJ grew from $51,435 to $54,398 in the past year. This data is an estimate based upon 11,921 households in Long Branch, NJ . The chart below presents how household income is distributed in Long Branch, NJ in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Long Branch, NJ shifted from $318,600 to $337,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Long Branch, NJ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Long Branch, NJ properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Long Branch, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Long Branch, NJ equals $3000, which is less than the national average.
|Apartment Size||Feb||vs Last Month|
|4+ bed apartments||$1,272,695||+0.9%|
During February 2023, the average price for an apartment in/near Long Branch, NJ increased by 4.4% to $1,110,764.
The average price of the land for sale in Long Branch, NJ has not changed significantly since last month, being $1,625,000. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 1.7% to $704,161. Asking price for 2-bed apartment also increased by 2.5% and a place of this size will now cost you $738,794. A 3-bed apartment goes for $1,236,333, it increased by 20.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 0.9% and made it up to $1,272,695.
|Listing Type||Feb||vs Last Month|
|Townhouses for sale||$924,654||+0%|
|Houses for sale||$950,270||+5.4%|
|Condos for sale||$1,441,900||+0.3%|
|Duplexes for sale||$747,250||+0%|
Price reports demonstrate that house price increased by 5.4% this month making it up to $950,270. Condos are really in demand in this season. The median price for a condo increased by 0.3%, it’s now available for $1,441,900. An average value of duplex is $747,250, thus a median price for a duplex remains the same this month. Value of the townhouses didn’t change, the price still starts at $924,654. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $1,625,000.