Website: This NJ Location is America’s Most Affordable Beach Town
For the second consecutive year, a New Jersey place is the most affordable beach town in America.
Atlantic City has once again won the title of "The Most Affordable Beach Town," according to a report from Realtor.com.
Here's how the Realtor.com's editors determined the rankings, according to George Ratiu, manager of economic research:
Our data team looked at the median home list prices of more than 1,300 towns located across America’s coastlines from May 2021 through April 2022. They all had at least 30 homes for sale in April, not including pending transactions.
We also wanted to make sure these places were more than just a strip of sand and surf. So we zeroed in on the towns with fun things to do outside the water, too, including restaurants and bars and arts and entertainment venues, using U.S. Census Bureau data.*
As we mentioned, Atlantic City topped the list for the entire country. The city's median list price for a single-family home in the last year was $161,754. That number is actually an 18.8% increase from last year.
Atlantic City is the only New Jersey city or town on the Top 10 list. Others in the top five include Deerfield Beach, FL; New London, CT; Mastic Beach, NY; and Myrtle Beach, SC.