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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.



Beverly, 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

Beverly, NJ Housing Market Trends

With a population of 2,507, 833 total housing units (homes and apartments), and a median house value of $278,456, Beverly real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Beverly homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Beverly, accounting for 62.55% of the city's housing units. Other types of housing that are prevalent in Beverly include row houses and other attached homes ( 16.40%), duplexes, homes converted to apartments or other small apartment buildings ( 15.99%), and a few large apartment complexes or high rise apartments ( 5.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Beverly. Owner-occupied housing accounts for 78.03% of Beverly's homes, and 65.38% have either three or four bedrooms, which is average sized relative to America.

The housing in Beverly was primarily built before 1939 ( 42.61%), making the housing stock in Beverly some of the oldest overall in America, although there is a range of ages of homes in Beverly. The next most important housing age is between 1940-1969 ( 34.72%), followed by between 1970-1999 ( 18.42%). There's also some housing in Beverly built between 2000 and later ( 4.25%).

Vacant housing appears to be an issue in Beverly. Fully 15.69% of the housing stock is classified as vacant. Left unchecked, vacant Beverly homes and apartments can be a drag on the real estate market, holding Beverly real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Beverly Home Appreciation Rates

Appreciation rates for homes in Beverly have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.04%, which ranks in the top 40% nationwide. This equates to an annual average Beverly house appreciation rate of 7.13%.

NeighborhoodScout's data show that during the latest twelve months, Beverly's appreciation rate, at 6.79%, has been at or slightly above the national average. In the latest quarter, Beverly's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.

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

Average Home Values

Median Home Value

$278,456

Beverly, NJ Home Prices
> $1,518,000
$1,139,001 - $1,518,000
$759,001 - $1,139,000
$607,001 - $759,000
$456,001 - $607,000
$303,001 - $456,000
$152,001 - $303,000
$76,001 - $152,000
$0 - $76,000
0.0%
0.0%
0.0%
0.0%
0.8%
0.8%
1.6%
1.6%
1.2%
1.2%
36.7%
36.7%
56.2%
56.2%
2.6%
2.6%
0.9%
0.9%
0% 100.0%
% of Homes
Very Low

for New jersey

Average

for nation

Number of Homes And Apartments:

833

Beverly Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,207 / per month

Homeownership Rate

Owners
Renters
78.0%
78.0%
22.0%
22.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.7%
15.7%
84.3%
84.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.3%
4.3%
18.4%
18.4%
34.7%
34.7%
42.6%
42.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.6%
62.6%
16.4%
16.4%
16.0%
16.0%
5.1%
5.1%
0.0%
0.0%
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
0.0%
0.0%
9.3%
9.3%
22.1%
22.1%
39.9%
39.9%
25.5%
25.5%
3.2%
3.2%
0% 100.0%
% of Homes