Brick, NJ—08723
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Brick, NJ
Home Price Trends — Brick, NJ
As of Oct '25, the median home price in Brick, NJ is $502,000, with a year-over-year change of 3.1%. This indicates that home prices in Brick, NJ are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $502,000 | 3.1% |
| Single Family | $508,000 | 3.3% |
| Condos | $412,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $382,000 | 2.1% |
3 Bed | $508,000 | 3.5% |
4 Bed | $645,000 | 3.7% |
| 5 Bed | $803,000 | 3.7% |
% of Housing Stock
Rental Trends — Brick, NJ
As of July '25, Rentcast reports the average rent in Brick, NJ is $3,930, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Brick, NJ is 1-bedrooms: $1,860, 2-bedrooms: $2,570, 3-bedrooms: $3,240, 4-bedrooms: $5,420. The most common rental property sizes in Brick, NJ are 1-bedroom and 2-bedroom, accounting for 49.1% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,930 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,790 | $1,860 |
| 2 Bed Rent | $2,400 | $2,570 |
| 3 Bed Rent | $3,200 | $3,240 |
| 4 Bed Rent | $4,200 | $5,420 |
% of Rental Stock
Property Listings — Brick, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Brick, NJ is 47. This is a increase of 16.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | -1.0% |
Listing Count | 169 | 24.0% |
| Listings as % of Homes | 0.7% | 24.0% |
Days on Market | 47 | 16.0% |
Demographics — Brick, NJ
As of the latest ACS Survey released in 2023, Brick, NJ has a population of 32,000, which has decreased by -2.8% over the past 5 years. Brick, NJ is a moderately popular place for families, as children make up 18.1% of the population. The area has a moderately educated workforce, with 29.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,000 | -2.8% |
% Under 18 | 18.1% | -11.7% |
% Seniors | 18.3% | 2.2% |
% WFH | 11.2% | 239.4% |
% w/ College Degree | 29.6% | 20.3% |
As of the latest ACS Survey released in 2023, Brick, NJ is a predominantly white area, with 80.2% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Brick, NJ is hispanic, making up 14.2% of the population. Foreign-born residents account for 10.5% of the population in Brick, NJ, and this percentage has increased by 9.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.2% | -3.1% |
% Black | 1.6% | -23.8% |
% Hispanic | 14.2% | 16.4% |
% Asian | 0.8% | -68.0% |
% Foreign Born | 10.5% | 9.4% |
Mortgage and Risk — Brick, NJ
According to HUD data as of 2023, there were 720 mortgage originations in Brick, NJ, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Brick, NJ. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 720 |
% Conventional Loans | 82.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Brick, NJ
As of 2024, the percent of homes in Brick, NJ under the Section 8 program is 14.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Brick, 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 | 391 |
Total Units Section 8 | 388 |
% Rentals under Section 8 | 14.8% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,790 | $1,600 |
| 2 Bedroom | -$430 | $2,400 | $1,970 |
| 3 Bedroom | -$580 | $3,200 | $2,620 |
| 4 Bedroom | -$1,280 | $4,200 | $2,920 |
Affordability — Brick, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $502,000 |
| Median Household Income | $104,000 |