Long Branch, New Jersey Housing Market Prices
Long Branch 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 32% above the New Jersey median$465,406
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Median rent 9% above the New Jersey median$1,876
Housing Market Overview
| Metric | Long Branch | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $465,406 | $352,792 | $248,835 |
| Price Trend (Annual %) | 11.9% | 4.4% | 7.5% |
| Median Gross Rent | $1,876 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Long Branch is about 32% higher than in New Jersey. Rent is about 9% higher than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Long Branch, up about 11.9% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Long Branch rose about 53.4% between 2015 and 2024, from $1,222 to $1,876. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 5.9 yearly household incomes in Long Branch.
Buying the median-priced home in Long Branch costs roughly 20.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Long Branch. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Long Branch | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $465,406 | $352,792 | $248,835 |
| Median Household Income | $79,361 | $103,817 | $80,455 |
| Price-to-Income Ratio | 5.9 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Long Branch rose about 77.7%, while median household income rose about 35.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Long Branch | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 37.0% | 59.1% | 58.5% |
| Rental Rate | 50.1% | 33.5% | 31.2% |
| Vacancy Rate | 12.9% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Long Branch has a homeownership rate of 37.0%, lower than the New Jersey average of 59.1%. Its housing vacancy rate is 12.9%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Long Branch | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1973 | 1968 | 1978 |
| Median Number of Rooms | 4.8 | 5.7 | 5.5 |
The typical housing unit in Long Branch was built around 1973. On average, 2.4 people live in a home with about 4.8 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Long Branch, New Jersey.
What is the median home price in Long Branch, New Jersey?
The median home price in Long Branch, New Jersey is $465,406, higher than the New Jersey average of $352,792.
What is the average home price in Long Branch, New Jersey?
The typical home price in Long Branch, New Jersey, reported as the median sale price, is $465,406. 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 Long Branch, New Jersey?
The median gross rent in Long Branch, New Jersey is $1,876 per month, higher than the New Jersey average of $1,719.
What was the median gross rent in Long Branch in 2020?
In 2020, the median gross rent in Long Branch, New Jersey was $1,370 per month.
What is the price-to-rent ratio in Long Branch, New Jersey?
The price-to-rent ratio in Long Branch, New Jersey is about 20.7, meaning it would take roughly 20.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Long Branch.
Are home prices or rent rising faster in Long Branch, New Jersey?
Both home prices and rent are rising in Long Branch, up about 11.9% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Long Branch, New Jersey?
37.0% of households in Long Branch, New Jersey own their home, lower than the New Jersey average of 59.1%.
What is the vacancy rate in Long Branch, New Jersey?
The housing vacancy rate in Long Branch, New Jersey is 12.9%, higher than the New Jersey average of 7.5%.
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