SEATTLE--(BUSINESS WIRE)--Atlantic City is the most affordable U.S. city to buy a beach home, according to Redfin (www.redfin.com), the next-generation real estate brokerage. To determine the most affordable beach towns, Redfin looked at coastal cities with populations of at least 1,000 people and identified those where at least 3 percent of the vacant units were flagged by the Census as being for seasonal use to define “vacation cities.”
Atlantic City has a median home sale price of just $52,250—plus amenities and entertainment that make it a great place for vacation-goers.
“Atlantic City and its surrounding beach towns have so much to offer someone looking for a vacation home,” said Redfin real estate agent Kimberly Mogan. “Not only does Atlantic City boast some of the finest beaches on the east coast, including an iconic boardwalk, the town offers glitzy nightlife, beautiful casinos, restaurants and an impressive lineup of year-round events. It’s a perfect home away from home for someone who thrives in an action-packed city.”
Seven of the top 15 affordable beach towns were in Florida, with Miami, Clearwater, West Palm Beach and Daytona Beach all breaking the top five.
The most affordable beach towns for real estate are:
|Rank||City||Median Home Sale Price||Portion of Homes Waterfront||Walk Score|
|1||Atlantic City, NJ||$52,250||27.6%||72|
|4||West Palm Beach, FL||$170,000||28%||41|
|5||Daytona Beach, FL||$136,000||37%||36|
|6||Corpus Christi, TX||$240,000||11.2%||39|
|8||Fort Pierce, FL||$155,000||32%||38|
|14||Long Branch, NJ||$332,500||17%||62|
To read the full report, complete with graphics and insight from real estate agents, please visit: https://www.redfin.com/blog/2017/06/the-15-most-affordable-beach-towns-to-buy-a-vacation-home.html.
Redfin (www.redfin.com) is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $40 billion in home sales through 2016.
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