Summary
- Current Market Trends: The demand for vacation homes is skyrocketing, particularly in Atlantic City, New Jersey.
- Affordability: Atlantic City is recognized as the most affordable beach destination for homebuyers.
- Attractions and Lifestyle: The city’s rich history and array of activities enhance its appeal to potential homeowners and tourists alike.
Pandemic-led demand has caused a massive surge in vacation home values across the country, making the second home market increasingly competitive. If you haven’t given up on your dream of sipping wine on the porch of your beachfront residence, consider checking out the listings in Atlantic City, New Jersey. This historic resort town has recently been named the nation’s most affordable beach destination for homeowners by Realtor.com, with a median listing price among Atlantic City homes currently sitting at $169,900.
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In April 2022, prices in Monopoly City were trending up 17.2 percent year-over-year. However, they still remain significantly lower compared to other oceanfront communities on the East Coast. For instance, in Sea Isle City, the median home value reaches $1.375 million.
According to Clare Trapasso, deputy news editor at Realtor.com, Atlantic City has experienced a significant influx of visitors and buyers looking for affordable housing options, as pandemic restrictions have eased and repair work from Hurricane Sandy continues. The housing options in AC run the gamut, from studio apartments and condos right on the famous boardwalk to larger homes and estates. Currently, there are 488 homes for sale in Atlantic City, ranging from $20,000 to $4.9 million.
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Moreover, Atlantic City boasts top-notch gaming and entertainment venues, vast sandy stretches, an array of outdoor activities, and vibrant shopping and dining experiences. Founded in the mid-19th century as a resort town, it provided a getaway for urbanites, particularly those from Philadelphia, looking to escape the summer heat. Today, visitors can enjoy plenty of locations along the shoreline to soak up the sun and relish the ocean waves. The boardwalk, which spans five miles, holds the distinction of being the longest boardwalk in the world.
Additionally, Atlantic City’s Steel Pier, which opened in 1898, is the city’s first amusement park and remains a popular attraction alongside the city’s well-known casino hotels, including the grand Borgata Hotel Casino & Spa. This makes Atlantic City a must-visit destination for gambling enthusiasts and nightlife seekers.
