Real Estate Investing in Brick, New Jersey (08723)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08723 (Brick, NJ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Brick, NJ (08723)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 08723 Brick
Not every below-median market is a bargain. Brick's 08723 ZIP clocks in at signals that favor experienced operators who can absorb the risk $526K pricing implies.
Turning to rents, the numbers look inviting — $526K purchase price, 0.0% nominal cap — the work to hit that pro forma in 08723 is substantial and deserves full respect.
Within NJ, ZIP 08723 trails on several market indicators that neighboring Ocean County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Who lives in 08723 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 08723 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Brick:
Property Strategy for 08723
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $381,801 | $2,240 | 4.2% | +9.9% | $190,901 |
| 3BR | $507,833 | $2,930 | 4.2% | +10.2% | $169,278 |
| 4BR | $644,844 | $3,240 | 3.6% | +10.4% | $161,211 |
| 5BR | $802,874 | — | — | +10.8% | $160,575 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08723 Compare?
| Metric | 08723 | Brick | New Jersey |
|---|---|---|---|
| Home Value | $526,199 | $525,182 | $559,826 |
| 5-Year CAGR | 7.0% | 7.4% | 8.4% |
| Avg Rent | $2,794 | $2,663 | - |
| Cap Rate | 4.1% | 4.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 08723 (Brick, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 08723 (Brick, NJ)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Ocean County
Manage rentals here? List your business →Horizon Real Estate and Property Management, Inc. provides homeowner association management services to Manchester, NJ area communities, including condo management. summary from their website
Renaissance Professional Property Management serves Long Beach Island, NJ. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $526,199 |
| Monthly Rent | $2,794 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 08723
Population: 32,033
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 08723
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,857 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Brick, NJ?
In Brick, NJ the median home value sits at $526K. Against the broader NJ market, that reads as reasonable for most investors.
How does Brick, NJ stack up for property investment?
Brick, NJ shows an investability rating of 3.0/5, with median home values near $526K and average rents around $2,794/mo. That combination puts it in the solid tier for investor interest.
What is the best play in Brick, NJ?
For Brick, NJ, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How landlord-friendly is Brick, NJ?
The landlord environment in Brick, NJ is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Is it easy to find good tenants in Brick, NJ?
Tenant demand in Brick, NJ is solid. The local workforce $2,794/mo rents across most rental classes.
You know 08723 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 08723 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 08723 ranks in New York-Newark-Jersey City, NY-NJ-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 08723 (Brick)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 08723 (Brick, NJ).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.