Atlantic County Real Estate and Livability Trends
Atlantic County, New Jersey has seen a significant uptick in average taxable income, moving from $51,236.39 in 2013 to $71,973.38 by 2021, hinting at greater economic stability and more disposable income. With median home values rising from $225,600 in 2015 to $254,100 in 2022, the area could offer attractive opportunities for affordable yet appreciating investments. Real estate taxes have also... Read more
Atlantic County Market Trends
Atlantic County, New Jersey's median home values jumped from $225,600 in 2015 to $254,100 in 2022, a pattern that suggests opportunities for affordable yet appreciating investments. A peak in residential energy tax credits in 2018, at $3,799.13, reflects a growing interest in energy-efficient homes, signaling potential for sustainable development. Real estate taxes have climbed consistently, from... Read more
Median Value of Occupied Housing Units in Atlantic County, New Jersey Over the Last 8 Years
Atlantic County, New Jersey has seen median home values fluctuate from $225,600 in 2015 to a peak of $254,100 in 2022. This increase comes after several years of minor declines and a notable uptick starting in 2021. While Atlantic County's median home values are significantly lower than the New Jersey average, which soared from $315,900 in 2015 to $401,400 in 2022, they are consistently above national figures, which rose from $125,500 to $179,400 over the same period. This pattern may suggest opportunities for investors or new residents seeking relatively affordable yet appreciating properties in this part of New Jersey.
Residential Energy Tax Credit Per Tax Return in Atlantic County, NJ Over the Last 9 Years
Over the last nine years, Atlantic County, New Jersey has experienced a notable increase in average residential energy tax credits per tax return, peaking at $3,799.13 in 2018. Though the figures have since dropped, they remain significantly higher than earlier years, with $1,674.39 noted in 2021. This trend could indicate a growing adoption of energy-efficient home improvements, suggesting potential for energy-related investments. For property developers, real estate agents, and investors, this could signify a market increasingly interested in energy-efficient living, which might influence property values and development opportunities.
Average Real Estate Taxes Per Tax Return in Atlantic County, NJ Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Atlantic County, New Jersey have shown a steady upward trend, increasing from approximately $6,112.90 in 2012 to around $8,352.01 in 2021. This consistent rise may indicate increasing property values and potentially higher public spending needs, factors that could be pivotal for potential investors, builders, and real estate agents. For those moving to the area or already living there, understanding this trend is crucial for financial planning and assessing the long-term viability of property investments.
Percentage of Farm Returns in Atlantic County, NJ Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Atlantic County, New Jersey has fluctuated modestly, maintaining a range from roughly 0.26% to 0.32%. Notably, there was a slight peak in 2017 when the percentage reached approximately 0.32%, highlighting a brief increase in farm-related financial activity or reporting. Despite these fluctuations, the overall trend suggests a relatively stable agricultural presence in the county. For potential investors or individuals considering a move to Atlantic County, these numbers might imply a consistent but small agricultural sector, potentially influencing property development and investment opportunities in rural areas.
Number of Mortgages by Occupancy Type in Atlantic County, NJ Over the Last 5 Years in Atlantic County
Atlantic County, New Jersey has seen fluctuating mortgage activity across different occupancy types over the past five years. Notably, principal residences accounted for the majority of mortgages annually, peaking in 2021 at 18,533. Investment properties and second residences showed more muted trends, with significant decreases in 2022 compared to previous years. This shift can imply various economic or market conditions influencing buyer behavior, such as changing employment trends, interest rates, or property values. For investors, understanding these dynamics might help in assessing market viability, while appraisers and insurance agents could see implications for risk and value assessments. Builders and real estate agents might need to adjust strategies based on emerging preferences for either primary or secondary residences, reflecting broader socio-economic trends.
Economic Outlook
Atlantic County, New Jersey has experienced a notable rise in average taxable income per tax return, from $51,236.39 in 2013 to $71,973.38 by 2021. This suggests greater economic stability and increased disposable income, which could attract investors and spur higher-end developments. In parallel, average state and local income taxes have surged from $4,983.01 in 2012 to $11,187.51 in 2021, reflecting rising financial commitments that may impact property values and insurance premiums.... Read more
Average Taxable Income per Tax Return in Atlantic County, NJ over the last 9 years
Over the past nine years, Atlantic County, New Jersey has seen a noticeable increase in average taxable income per tax return, rising from approximately $51,236.39 in 2013 to about $71,973.38 in 2021. This upward trend suggests a growing economic stability and potential for higher disposable income, which could be attractive to investors looking to capitalize on a steadily improving economic environment. For real estate agents and property developers, this trend might indicate a fruitful opportunity for higher-end developments and could drive market vitality. Appraisers and insurance agents might also find this data valuable, as it hints at changing property values and potential risk adjustments.
Average State and Local Income Taxes Per Tax Return in Atlantic County, NJ Over the Last 10 Years
Over the past decade, Atlantic County, New Jersey has seen a steady rise in average state and local income taxes per tax return, jumping from $4,983.01 in 2012 to $11,187.51 in 2021. Notably, there was a significant surge between 2017 and 2018, indicating a possible policy change or economic shift. This trend could influence potential investors, homeowners, and real estate agents as it reflects on rising financial commitments for residents. Appraisers and insurance agents may also find this relevant since higher taxes can impact property values and insurance premiums.
Average Total Tax Liability Per Tax Return in Atlantic County, NJ Over the Last 10 Years
Atlantic County, New Jersey has experienced a noticeable upward trend in average total tax liability per tax return over the past decade, climbing from approximately $8,243.38 in 2012 to around $11,515.87 in 2021. This steady increase could impact the cost of living and investment appeal, particularly for prospective homeowners and property developers. For real estate agents, appraisers, and insurance agents, awareness of these growing liabilities might be essential for effectively advising clients. The significant jump between 2020 and 2021 may suggest broader economic factors at play, worth investigating for anyone keen on the county’s economic trajectory.
Cost of Living in Atlantic County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,240 | $1,556 | $1,790 | $2,106 | $1,980 |
| 1 adult 4 children | $2,240 | $1,271 | $1,359 | $2,106 | $2,074 |
| 2 adults 3 children | $2,240 | $1,271 | $1,558 | $2,106 | $1,694 |
| 1 adult 3 children | $2,240 | $1,038 | $1,127 | $2,106 | $1,825 |
| 2 adults 2 children | $1,583 | $1,041 | $1,326 | $1,817 | $1,202 |
| 1 adult 2 children | $1,583 | $777 | $895 | $1,817 | $1,244 |
| 2 adults 1 child | $1,583 | $823 | $1,094 | $878 | $964 |
| 1 adult 1 child | $1,583 | $531 | $663 | $878 | $875 |
| 2 adults | $1,257 | $661 | $862 | $0 | $733 |
| 1 adult | $1,081 | $360 | $431 | $0 | $603 |
Safety trends & Data
In Atlantic County, New Jersey, significant fluctuations in property crime rates, particularly in larceny-theft and burglary, underline a complex risk environment for property investors and insurers. Larceny-theft incidents dramatically dropped from 1,225 in 2018 to 384 by 2021 before rising to 781 in 2022, while burglary followed a similar trend with a peak of 190 in 2019, falling to 64 by 2021, and then increasing to 149 in 2022. Meanwhile, fraud and embezzlement numbers generally decreased,... Read more
Property Crime Trends in Atlantic County, NJ Over the Last 5 Years
In Atlantic County, New Jersey, major property crimes like burglary and larceny-theft have shown significant fluctuations over the past five years. Larceny-theft, typically the most significant contributor, dropped from 1,225 incidents in 2018 to 384 by 2021, only to rise to 781 in 2022. Burglary also saw a similar trend, peaking at 190 in 2019, plummeting to 64 by 2021, and rebounding to 149 in 2022. Fraud and embezzlement numbers generally decreased, possibly indicating enhanced preventive measures. Vandalism maintained a relatively steadier presence with numbers ranging from 99 to 191 annually. Such data is crucial for investors, insurance agents, and real estate professionals as it underscores the evolving risk landscape in the county, potentially impacting property valuations and insurance rates.
Demographics
Atlantic County, New Jersey exhibits a balanced gender distribution with a slight female majority. The age distribution leans towards a middle-aged population, potentially indicating a demand for services and infrastructure catering to this demographic. Educational attainment reveals that a significant portion of the population holds at least a high school diploma, with a noteworthy number of individuals attaining higher education degrees. Racially, the area is predominantly White, but there's... Read more
Race Distribution in Atlantic County, New Jersey (2022)
Educational Attainment in Atlantic County, New Jersey (2022)
Age Distribution in Atlantic County, New Jersey
Citizen Population in Atlantic County, New Jersey (2022)
Political Trends & Data
In Atlantic County, New Jersey, the 2020 U.S. Presidential Election results suggest a competitive political landscape, with Democrats potentially holding a narrow advantage over Republicans. Minor parties, such as Libertarians and Greens, had a minimal impact, indicating a predominantly two-party system. However, the presence of third-party votes might point to voter dissatisfaction or a desire for more... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Atlantic County, New Jersey, the 2020 U.S. Presidential Election results suggest a competitive political landscape, with Democrats possibly holding a slight edge over Republicans. Despite this, the minor parties, including Libertarians and Greens, along with other smaller groups, appear to have a very minimal impact on the overall vote distribution. This could indicate a primarily two-party system in effect, but the marginal presence of third-party votes may hint at underlying voter dissatisfaction or a desire for alternative options.
46.02% of voters voted for the Republican party in the 2020 Presidential Election
52.71% of voters voted for the Democrat party in the 2020 Presidential Election
0.68% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
0.33% of voters voted for the Other party in the 2020 Presidential Election
School Data
Atlantic County, New Jersey boasts a consistently low student-to-teacher ratio, dropping from about thirteen in 2014 to just under eleven by 2023. This trend suggests a focus on individualized attention in schools, which might appeal to families and educators seeking quality education. Real estate agents and investors could find properties in the area more attractive as educational standards often align with higher property values, making it a noteworthy detail for market... Read more
Student-to-teacher ratio in Atlantic County, New Jersey over the last 10 years
Atlantic County, New Jersey has consistently maintained a lower student-to-teacher ratio compared to the national average of fourteen students per teacher over the last ten years. Starting at approximately thirteen in 2014, it has gradually decreased to just under eleven by 2023. This trend of smaller classroom sizes could be enticing for educators and families prioritizing individualized attention and quality education. For real estate agents and investors, this potentially enhances the area's appeal, given the correlation between better educational standards and property values. Appraisers and insurance agents may also find this information useful for assessing risk and market positioning given the favorable educational environment.
