Atlantic City, New Jersey Housing Market Prices
Atlantic City Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 67% below the New Jersey median$115,499
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Median rent 34% below the New Jersey median$1,136
Housing Market Overview
| Metric | Atlantic City | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $115,499 | $352,792 | $248,835 |
| Price Trend (Annual %) | -9.4% | 4.4% | 7.5% |
| Median Gross Rent | $1,136 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Atlantic City is about 67% lower than in New Jersey. Rent is about 34% lower than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Atlantic City: home prices fell about 9.4% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
Median rent in Atlantic City rose about 34.6% between 2015 and 2024, from $844 to $1,136. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Atlantic City.
Buying the median-priced home in Atlantic City costs roughly 8.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Atlantic City. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Atlantic City | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $115,499 | $352,792 | $248,835 |
| Median Household Income | $41,251 | $103,817 | $80,455 |
| Price-to-Income Ratio | 2.8 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Atlantic City fell about 76.9%, while median household income rose about 21.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Atlantic City | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 25.2% | 59.1% | 58.5% |
| Rental Rate | 57.9% | 33.5% | 31.2% |
| Vacancy Rate | 16.9% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Atlantic City has a homeownership rate of 25.2%, lower than the New Jersey average of 59.1%. Its housing vacancy rate is 16.9%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Atlantic City | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1964 | 1968 | 1978 |
| Median Number of Rooms | 4.1 | 5.7 | 5.5 |
The typical housing unit in Atlantic City was built around 1964. On average, 2.3 people live in a home with about 4.1 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Atlantic City, New Jersey.
What is the median home price in Atlantic City, New Jersey?
The median home price in Atlantic City, New Jersey is $115,499, lower than the New Jersey average of $352,792.
What is the average home price in Atlantic City, New Jersey?
The typical home price in Atlantic City, New Jersey, reported as the median sale price, is $115,499. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Atlantic City, New Jersey?
The median gross rent in Atlantic City, New Jersey is $1,136 per month, lower than the New Jersey average of $1,719.
What was the median gross rent in Atlantic City in 2020?
In 2020, the median gross rent in Atlantic City, New Jersey was $927 per month.
What is the price-to-rent ratio in Atlantic City, New Jersey?
The price-to-rent ratio in Atlantic City, New Jersey is about 8.5, meaning it would take roughly 8.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Atlantic City.
Are home prices or rent rising faster in Atlantic City, New Jersey?
Home prices and rent are moving in opposite directions in Atlantic City: home prices fell about 9.4% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Atlantic City, New Jersey?
25.2% of households in Atlantic City, New Jersey own their home, lower than the New Jersey average of 59.1%.
What is the vacancy rate in Atlantic City, New Jersey?
The housing vacancy rate in Atlantic City, New Jersey is 16.9%, higher than the New Jersey average of 7.5%.
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