Asbury Park has reported significant gains in the value of its real estate over the last few years. Much of this is due to a great deal of re-development.
It has seen its average house value surge by 13.68% to $306,600 according to recent figures published.
Weehawken and Jersey City came in number one and number two, respectively. In addition to the surge in value, Asbury Park shows itself to be a young town, attracting individuals with a median age of 35; this compares to a county median of 42 years old. Currently, New Jersey’s inventory stands at a 20-year low.
The current estimates are based upon a Zillow home value index based on recent home sales. The list was narrowed to towns that have seen peak home values in the last two quarters.