![South Jersey Has Six ‘Million-Dollar’ Communities](https://townsquare.media/site/397/files/2024/04/attachment-million-dollar-home.jpg?w=980&q=75)
South Jersey Has Six ‘Million-Dollar’ Communities
Zillow has published an analysis of America's million-dollar neighborhoods, and New Jersey has 49 of them, the third highest in the nation.
Six of the million-dollar communities are in South Jersey.
What is a Million-Dollar Community?
As the name implies, million-dollar communities are cities or towns where the typical home is worth $1 million or more. According to Zillow, there are 550 of them across the USA, 59 more than a year ago, when home value losses brought the number down briefly.
The new analysis shows that New Jersey has 49 $ 1 million cities in 2024, compared with 35 in 2023.
NJ's 14 new “million-dollar” communities are all in North Jersey, while the six “million-dollar” communities in South Jersey were all on the list in 2023.
Which Places Have the Most Million-Dollar Communities?
California has the most “million-dollar” communities, 210 in 2024, up from 198 last year and more than the next five states collectively.
New York has the second-highest number at 66. It gained 12 from last year.
The New York City metro area has the most million-dollar cities with 106 — 24 more than a year ago. San Francisco is next with 69, followed by Los Angeles with 63.
Which South Jersey Towns Are Million-Dollar Communities?
All six South Jersey million-dollar communities are Shore towns
Longport is the only million-dollar town in Atlantic County, with a typical home value of $1,221,599. The other five are all in Cape May County.
- Sea Isle City is next with a typical home value of $1,298,354
- Strathmere has a typical home value of $1,399,744
- Cape May Point has a typical home value of $1,383,168
The other two towns are technically two million-dollar communities.
- Stone Harbor has a typical home value of $2,280,048
- Avalon has the highest average home value in South Jersey at $2,467,332
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