Atlantic City, NJ—08401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Atlantic City, NJ
As of Oct '25, the median home price in Atlantic City, NJ is $215,000, with a year-over-year change of 2.8%. This indicates that home prices in Atlantic City, NJ are increasing. According to Zillow, the 1-year price projection is 5.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $215,000 | 2.8% |
| Single Family | $244,000 | 0.8% |
| Condos | $184,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $168,000 | 1.2% |
2 Bed | $234,000 | 2.6% |
3 Bed | $252,000 | 2.9% |
4 Bed | $315,000 | 2.6% |
| 5 Bed | $517,000 | 3.4% |
% of Housing Stock
Rental Trends — Atlantic City, NJ
As of July '25, Rentcast reports the average rent in Atlantic City, NJ is $2,420, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Atlantic City, NJ is studios: $2,650, 1-bedrooms: $2,050, 2-bedrooms: $2,170, 3-bedrooms: $2,490, 4-bedrooms: $3,800. The most common rental property sizes in Atlantic City, NJ are 2-bedroom and 1-bedroom, accounting for 35.2% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,420 |
| Studio Rent | $1,420 | $2,650 |
| 1 Bed Rent | $1,500 | $2,050 |
| 2 Bed Rent | $1,800 | $2,170 |
| 3 Bed Rent | $2,400 | $2,490 |
| 4 Bed Rent | $3,000 | $3,800 |
% of Rental Stock
Property Listings — Atlantic City, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Atlantic City, NJ is 93. This is a increase of 24.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $237,000 | -7.0% |
Listing Count | 346 | 17.0% |
| Listings as % of Homes | 1.1% | 17.0% |
Days on Market | 93 | 24.0% |
Demographics — Atlantic City, NJ
As of the latest ACS Survey released in 2023, Atlantic City, NJ has a population of 38,700, which has remained stable by 1.0% over the past 5 years. Atlantic City, NJ is a popular place for families, as children make up 26.6% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,700 | 1.0% |
% Under 18 | 26.6% | 7.7% |
% Seniors | 16.2% | 19.1% |
% WFH | 5.9% | 353.8% |
% w/ College Degree | 20.5% | 25.0% |
As of the latest ACS Survey released in 2023, Atlantic City, NJ is a predominantly black area, with 32.3% of the population identifying as black. The black population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Atlantic City, NJ is hispanic, making up 32.2% of the population. Foreign-born residents account for 29.4% of the population in Atlantic City, NJ, and this percentage has decreased by 10.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 15.6% | 1.3% |
% Black | 32.3% | -9.0% |
% Hispanic | 32.2% | 3.9% |
% Asian | 16.1% | -4.7% |
% Foreign Born | 29.4% | -10.9% |
Mortgage and Risk — Atlantic City, NJ
According to HUD data as of 2023, there were 280 mortgage originations in Atlantic City, NJ, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Atlantic City, NJ. Investor activity is low, as 12.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 280 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 12.0% |
% Second Loans | 25.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Atlantic City, NJ
As of 2024, the percent of homes in Atlantic City, NJ under the Section 8 program is 30.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Atlantic City, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 4,962 |
Total Units Section 8 | 3,539 |
% Rentals under Section 8 | 30.6% |
% Occupied Section 8 | 92.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$260 | $1,500 | $1,240 |
| 2 Bedroom | -$290 | $1,800 | $1,510 |
| 3 Bedroom | -$280 | $2,400 | $2,120 |
| 4 Bedroom | -$670 | $3,000 | $2,330 |
Affordability — Atlantic City, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $215,000 |
| Median Household Income | $36,400 |