The story of this market
The typical home in ZIP 08401 sells for about $229,000, or $222 per square foot.
Prices are up +21% from a year ago, so sellers still have some momentum. Homes take about 86 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,138 a month.
ZIP 08401 — Atlantic City
The Atlantic City housing market in 08401 is showing signs of recovery with a significant year-over-year price increase, driven by strong demand for coastal properties and investment units. While inventory remains elevated, the market is absorbing listings at a steady pace, supported by the city's ongoing tourism and infrastructure investments.
This ZIP is best suited for investors seeking rental income, hospitality workers, and those who prioritize proximity to the beach and casino employment. It is less ideal for families seeking traditional suburban school environments.
Median prices moved up 21.0% year over year.
Homes spend a median of 86 days on market with 6.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 14.7% · poverty 32.0% — elevated distress and economic pressure.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 08401, Atlantic County NJ
Atlantic City experiences higher crime rates compared to the national average and surrounding suburban areas in Atlantic County. Local authorities continue to focus on public safety initiatives within the tourism and residential districts.
Public schools in the area are part of the Atlantic City School District, which faces challenges typical of urban districts. Educational outcomes vary, and many families explore charter or private school alternatives.
The area is highly susceptible to coastal flooding, storm surges, and wind damage due to its barrier island location. Property insurance premiums are elevated and reflect significant climate-related risk exposure.
The economy is anchored by the gaming, hospitality, and tourism sectors, with ongoing efforts to diversify into renewable energy and healthcare. Development momentum is tied to casino reinvestment and infrastructure improvements along the boardwalk.
Property taxes are levied by the City of Atlantic City and Atlantic County, with additional assessments for school and special service districts. The effective tax rate is relatively high, reflecting the city's urban service requirements and historical fiscal structure.
Commuting is primarily via the Atlantic City Expressway and local transit bus lines, with limited rail access via the Atlantic City Line to Philadelphia. Most residents rely on personal vehicles for regional travel.
The area features world-famous beaches, the historic Atlantic City Boardwalk, and numerous casinos offering entertainment and dining. Local parks and community centers provide recreational space, though the primary draw remains the waterfront.
The rental market is characterized by high demand, particularly for seasonal and workforce housing, with significant pressure on vacancy rates. Investor activity is robust, driven by the potential for short-term vacation rentals.
The economy is heavily dependent on the gaming and hospitality industry, with major employers including various casino resorts. Efforts to expand into offshore wind energy and healthcare are underway to diversify the local economic base.
The area is served by the Atlantic City Expressway and NJ Transit bus services, with the Atlantic City Rail Terminal providing a link to Philadelphia. Infrastructure is focused on maintaining access to the tourism corridor.
Development is concentrated on urban renewal projects and the modernization of existing hospitality infrastructure. Zoning is generally dense, favoring high-rise residential and commercial use.
Parcels are subject to municipal and county taxes, with specific assessments for the Atlantic City School District and local utility authorities.
Property insurance is costly and difficult to secure due to high flood and wind risk, often requiring participation in state-backed programs.
Data retrieved from US Census Bureau QuickFacts and ACS tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Historic wooden boardwalk featuring casinos, shops, and restaurants.
Amusement park located on a pier extending over the Atlantic Ocean.
New Jersey's tallest lighthouse offering panoramic city views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.