Real Estate Investing in Brick, New Jersey (08724)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08724 (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 (08724)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 08724 Brick
The 08724 ZIP covers a section of Brick that demands careful diligence. Prices near $524K look accessible, but the work to make a deal cash flow is real.
Meanwhile, the numbers look inviting — $524K purchase price, 0.0% nominal cap — the work to hit that pro forma in 08724 is substantial and deserves full respect.
Within NJ, ZIP 08724 trails on several market indicators that neighboring Ocean County submarkets outperform. The gap is real and solid enough to shape underwriting.
Employment concentration in 08724 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 08724 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Brick:
Property Strategy for 08724
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $280,619 | $1,940 | 5.0% | +11.6% | $280,619 |
| 2BR | $357,890 | $2,390 | 4.8% | +9.9% | $178,945 |
| 3BR | $538,762 | $3,120 | 4.2% | +10.7% | $179,587 |
| 4BR | $697,830 | $3,460 | 3.6% | +11.2% | $174,458 |
| 5BR | $859,614 | — | — | +11.1% | $171,923 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08724 Compare?
| Metric | 08724 | Brick | New Jersey |
|---|---|---|---|
| Home Value | $524,165 | $525,182 | $559,826 |
| 5-Year CAGR | 7.9% | 7.4% | 8.4% |
| Avg Rent | $2,531 | $2,663 | - |
| Cap Rate | 3.8% | 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 08724 (Brick, NJ). Anonymous, moderated, never written by AI.
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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 | $524,165 |
| Monthly Rent | $2,531 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | -0.6% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 08724
Population: 41,573
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 08724
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Brielle Elementary School
G. Harold Antrim Elementary School
Memorial Middle School
Ocean Road Elementary School
Point Pleasant Beach High School
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
Frequently Asked Questions
How do landlord-tenant laws work in Brick, NJ?
NJ law tenant-protective for landlords, and Brick inherits those rules. Investors should still review local ordinances for rental licensing.
What is the smart move for investors in Brick, NJ?
Most investors in Brick, NJ run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What kind of tenants rent in Brick, NJ?
Tenant quality in Brick, NJ ranks as solid. Landlords generally report reliable occupancy at market rents of $2,531/mo.
What does house hacking look like in Brick, NJ?
For house hackers, Brick, NJ is a challenging. The $2,531/mo rent on a unit helps defray the mortgage on a $524K property.
What is the average home sale price in Brick, NJ?
Typical homes in Brick, NJ go for around $524K. The 5-year CAGR of 0.0% reliable price movement.
You know 08724 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 08724 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 08724 ranks in New York-Newark-Jersey City, NY-NJ-PA
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