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 11,128 people, 3,935 houses or apartments, and a median cost of homes of $461,843, Beachwood real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Beachwood, accounting for 98.45% of the borough's housing units.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Beachwood. Owner-occupied housing accounts for 89.85% of Beachwood's homes, and 82.17% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Beachwood built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Beachwood built between 1940-1969 ( 28.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.17%). There's also some housing in Beachwood built before 1939 ( 5.91%).
Appreciation rates for homes in Beachwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.44%, which ranks in the top 30% nationwide. This equates to an annual average Beachwood house appreciation rate of 7.47%.
Appreciation rates are so strong in Beachwood that despite a nationwide downturn in the housing market, Beachwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Beachwood appreciation rates continue to be some of the highest in America, at 13.78%, which is higher than appreciation rates in 96.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Beachwood. Beachwood appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New Jersey, our data show that Beachwood's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.
$461,843
for New jersey
for nation
3,935
$4,325 / per month