The story of this market
The typical home in ZIP 08406 sells for about $748,778, or $523 per square foot.
Prices are up +35.5% from a year ago, so sellers still have some momentum. Homes take about 81 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,406 a month.
ZIP 08406 — Atlantic City
The 08406 housing market is currently experiencing a period of low competition with a balanced supply-demand dynamic. While median sale prices have seen a sharp year-over-year increase, the market remains characterized by longer days on market and a moderate sale-to-list ratio.
This area is well-suited for those seeking a coastal lifestyle, with a demographic profile characterized by a high concentration of seniors and single adults.
Median prices moved up 35.5% year over year.
Homes spend a median of 81 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.6% · poverty 10.4% — a mixed stability profile.
ZCTA 08406, Atlantic County NJ
The rental market in 08406 shows high volatility with a median asking rent of $8,950 per month, reflecting a significant year-over-year decrease.
The local economy is heavily influenced by the broader Atlantic City-Hammonton metropolitan area, which is anchored by the gaming, hospitality, and tourism sectors.
Data sourced from Simplemaps.com and Census Bureau profiles.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.