1 Nassau Rd · Somers Point, NJ 08244

$435,000

4 bd · 1.5 ba · 1,319 sqft · SingleFamily public records · 40 Days on market

Built 1962 7,950 sqft lot Est $393k · 11% over

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.6/30.0
• DSCR +4.5/10.0
• 1% rule +4.2/10.0
• Livability +3.4/5.0
• ARV discount +2.7/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

Key facts

• 7,950 sq ft lot
• Garage
• Built 1962

Property features AI

Exterior

• Parking: Attached basement garage with inside access (1 garage space); Driveway parking for 2 vehicles; On-street parking; Concrete driveway; Total of 3 parking spaces
• Utilities: Public water; Private sewer; Electric service with circuit breakers; Natural gas for heating, dryer and hot water; Leased solar panels (monthly lease $47.58 via Trinity Solar/IGS Solar)
• Home design: Detached single-family home; Pitched shingle roof; Frame construction with vinyl siding; Crawl space foundation; Year built recorded by assessor; Property in very good condition; Not in a federal flood zone
• Construction: Frame construction; Vinyl siding; Pitched shingle roof; Crawl space foundation
• Exterior features: Front yard, rear yard and side yards; Patio(s); Porch(es); Gutter system; Privacy wood fencing; Shed

Interior

• Kitchen: Built-in microwave; Gas oven/range; Dishwasher; Refrigerator
• Bedrooms: Three bedrooms on the main upper level; One bedroom on the lower level
• Flooring: Ceramic tile; Laminate plank; Hardwood
• Bathrooms: One full bathroom (upper level); One half bathroom (lower level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans; Circuit breakers; Natural gas hot water
• Interior features: Attic; Stall shower; Ceiling fans; Combination dining and living area; Eat-in kitchen; Recessed lighting; Heated basement; Rear entrance to basement
• Laundry & utility: Washer; Gas dryer (front loading); Basement laundry

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $435k.

Deal economics

• At list price, monthly cash flow is $107 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $400k (8.0% below list).
• Recommended offer: $400k (8.0% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 2.8% in Somers Point — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#314 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+; Watch: crime C-, cost of living D, schools D-.
• Somers Point School District (suburban): math 9% / reading 33% proficiency, ranked #423 of 472 in NJ (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 101 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 672 units permitted in Atlantic County in 2024 (258 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
• Atlantic County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($422k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $200k; list at $435k implies a 118% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $400,000 (8.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.92% ✗
• Cap rate: 6.59%
• Cash-on-cash: 1.05%
• DSCR: 1.05
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $393,062
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
657 Fifth St	0.34mi	3/1.5 (-1)	1,280 (-3%)	4mo	$362,000	$283	71
649 4th St	0.41mi	3/1.5 (-1)	1,281 (-3%)	8mo	$360,000	$281	65
1411 Massachusetts Ave	0.42mi	3/1.5 (-1)	1,279 (-3%)	7mo	$380,000	$297	64
24 Haddon Rd	0.30mi	3/3.0 (-1)	1,246 (-6%)	10mo	$495,000	$397	58
804 2nd St	0.64mi	3/1.0 (-1)	1,368 (+4%)	1mo	$420,000	$307	56
173 Bala Dr	0.33mi	4/2.0	1,500 (+14%)	8mo	$450,000	$300	53
61 Bucknell Rd	0.55mi	3/1.5 (-1)	1,391 (+6%)	11mo	$355,500	$256	51
103 W Laurel Dr	0.40mi	4/2.0	1,391 (+6%)	23mo	$365,300	$263	51
810 3rd. St	0.58mi	4/3.0	1,361 (+3%)	13mo	$429,000	$315	51
13 Gulph Mill Rd	0.57mi	3/2.0 (-1)	1,204 (-9%)	2mo	$528,171	$439	50
55 Chapman Blvd	0.73mi	3/2.0 (-1)	1,276 (-3%)	21mo	$380,000	$298	36
46 Gulph Mill Rd	0.70mi	3/2.0 (-1)	1,506 (+14%)	21mo	$326,000	$216	19

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.6%
• Equity multiple: 0.48×
• Total profit: $-63,584
• Equity at exit: $64,860

10-year hold

• IRR: -5.9%
• Equity multiple: 0.62×
• Total profit: $-46,230
• Equity at exit: $37,611

Cash invested: $121,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 08244

• Active inventory: 101
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $4,000 medium
• Mortgage (P&I): −$2,281
• Tax from tax record: −$591 /mo · $7,087/yr
• Insurance: −$181
• HOA: −$0
• Vacancy / Maint / Mgmt: −$840
• Net cashflow: $107

Break-even live

Break-even rent $3,865

Max offer price $435,000

Occupancy floor 92%

Sensitivity live

Price	-10% $353	-5% $230	+0% $107	+5% $-16	+10% $-139
Rent	-10% $-209	-5% $-51	+0% $107	+5% $265	+10% $423
Rate	-1.0pp $326	-0.5pp $218	base $107	+0.5pp $-6	+1.0pp $-120

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $108,750
• Closing costs: $13,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
426 7th St Somers Point, NJ	4.0	2.5	1620	$4,000	$2.47	21d	1	0.31mi

Listing history 46 events

1. 2026-06-21
   days on market $435,000 Active 40 DOM
2. 2026-06-18
   days on market $435,000 Active 38 DOM
3. 2026-06-17
   days on market $435,000 Active 37 DOM
4. 2026-06-16
   days on market $435,000 Active 36 DOM
5. 2026-06-15
   days on market $435,000 Active 35 DOM
6. 2026-06-13
   days on market $435,000 Active 33 DOM
7. 2026-06-12
   days on market $435,000 Active 32 DOM
8. 2026-06-09
   days on market $435,000 Active 29 DOM
9. 2026-06-09
   price $435,000 Active 28 DOM
10. 2026-06-08
    days on market $445,000 Active 28 DOM
11. 2026-06-07
    days on market $445,000 Active 27 DOM
12. 2026-06-07
    days on market $445,000 Active 26 DOM
13. 2026-06-04
    days on market $445,000 Active 23 DOM
14. 2026-06-02
    days on market $445,000 Active 22 DOM
15. 2026-06-01
    days on market $445,000 Active 21 DOM
16. 2026-05-31
    days on market $445,000 Active 20 DOM
17. 2026-05-12
    listed $445,000 Active
18. 2026-05-06
    historical $445,000
19. 2020-06-29
    soldstatus $199,900
20. 2020-06-15
    soldstatus $199,900 Sold 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

21. 2020-04-17
    historical Under Contract 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

22. 2020-04-10
    price $199,900 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

23. 2020-03-10
    price $204,900 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

24. 2020-03-04
    status Active 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

25. 2020-02-04
    historical 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

26. 2019-12-22
    price $205,900 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

27. 2019-12-21
    status Active 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

28. 2019-12-16
    historical 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

29. 2019-12-14
    price $195,900 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

30. 2019-12-10
    status Active 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

31. 2019-11-25
    historical Under Contract - Continue to Show 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

32. 2019-11-23
    price $199,900 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

33. 2019-11-21
    status Active 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

34. 2019-11-21
    historical 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

35. 2019-10-22
    listed $219,900 Active 406-char remark

    Show marketing remark (406 chars)

    This beauty won't last long. Just minutes to Ocean City. Your home at the shore. Tastefully redone with beautiful flooring. A chef's delight of a kitchen awaits you complete with stainless steel appliances and granite counters. Nice sized bedrooms and beautiful bathrooms. The yard is fenced in w/ a wooden entertainment area. Have fun in Somers Point, the perfect location close to school and Restaurants.

36. 2018-02-23
    soldstatus $115,300
37. 2018-02-16
    soldstatus $115,300 Sold 572-char remark

    Show marketing remark (572 chars)

    What an OPPORTUNITY!!!!! Easy Acces to Ocean City beaches, shopping, restaurants and pulic transportation. Large corner lot, hardwood floors in all bedrooms, Dining Room, lower level Family Room, C/A, full sized Laundry Room, one car attached garage, ample off street parking, rear fenced in patio area. This property is Bank Owned and being sold in "As-Is" condition. The Buyer will assume all responsibility and expense of completing any and all city required fees, documents and/or inspections required to secure a Transfer of Ownership Cert prior to closing.

38. 2018-02-13
    historical Under Contract 572-char remark

    Show marketing remark (572 chars)

    What an OPPORTUNITY!!!!! Easy Acces to Ocean City beaches, shopping, restaurants and pulic transportation. Large corner lot, hardwood floors in all bedrooms, Dining Room, lower level Family Room, C/A, full sized Laundry Room, one car attached garage, ample off street parking, rear fenced in patio area. This property is Bank Owned and being sold in "As-Is" condition. The Buyer will assume all responsibility and expense of completing any and all city required fees, documents and/or inspections required to secure a Transfer of Ownership Cert prior to closing.

39. 2018-01-25
    status Active 572-char remark

    Show marketing remark (572 chars)

    What an OPPORTUNITY!!!!! Easy Acces to Ocean City beaches, shopping, restaurants and pulic transportation. Large corner lot, hardwood floors in all bedrooms, Dining Room, lower level Family Room, C/A, full sized Laundry Room, one car attached garage, ample off street parking, rear fenced in patio area. This property is Bank Owned and being sold in "As-Is" condition. The Buyer will assume all responsibility and expense of completing any and all city required fees, documents and/or inspections required to secure a Transfer of Ownership Cert prior to closing.

40. 2017-12-06
    historical Under Contract 572-char remark

    Show marketing remark (572 chars)

    What an OPPORTUNITY!!!!! Easy Acces to Ocean City beaches, shopping, restaurants and pulic transportation. Large corner lot, hardwood floors in all bedrooms, Dining Room, lower level Family Room, C/A, full sized Laundry Room, one car attached garage, ample off street parking, rear fenced in patio area. This property is Bank Owned and being sold in "As-Is" condition. The Buyer will assume all responsibility and expense of completing any and all city required fees, documents and/or inspections required to secure a Transfer of Ownership Cert prior to closing.

41. 2017-11-15
    price $119,000 572-char remark

    Show marketing remark (572 chars)

    What an OPPORTUNITY!!!!! Easy Acces to Ocean City beaches, shopping, restaurants and pulic transportation. Large corner lot, hardwood floors in all bedrooms, Dining Room, lower level Family Room, C/A, full sized Laundry Room, one car attached garage, ample off street parking, rear fenced in patio area. This property is Bank Owned and being sold in "As-Is" condition. The Buyer will assume all responsibility and expense of completing any and all city required fees, documents and/or inspections required to secure a Transfer of Ownership Cert prior to closing.

42. 2017-10-25
    status Active 572-char remark

    Show marketing remark (572 chars)

    What an OPPORTUNITY!!!!! Easy Acces to Ocean City beaches, shopping, restaurants and pulic transportation. Large corner lot, hardwood floors in all bedrooms, Dining Room, lower level Family Room, C/A, full sized Laundry Room, one car attached garage, ample off street parking, rear fenced in patio area. This property is Bank Owned and being sold in "As-Is" condition. The Buyer will assume all responsibility and expense of completing any and all city required fees, documents and/or inspections required to secure a Transfer of Ownership Cert prior to closing.

43. 2017-10-14
    historical Under Contract 572-char remark

    Show marketing remark (572 chars)

    What an OPPORTUNITY!!!!! Easy Acces to Ocean City beaches, shopping, restaurants and pulic transportation. Large corner lot, hardwood floors in all bedrooms, Dining Room, lower level Family Room, C/A, full sized Laundry Room, one car attached garage, ample off street parking, rear fenced in patio area. This property is Bank Owned and being sold in "As-Is" condition. The Buyer will assume all responsibility and expense of completing any and all city required fees, documents and/or inspections required to secure a Transfer of Ownership Cert prior to closing.

44. 2017-09-22
    listed $129,000 Active 572-char remark

    Show marketing remark (572 chars)

    What an OPPORTUNITY!!!!! Easy Acces to Ocean City beaches, shopping, restaurants and pulic transportation. Large corner lot, hardwood floors in all bedrooms, Dining Room, lower level Family Room, C/A, full sized Laundry Room, one car attached garage, ample off street parking, rear fenced in patio area. This property is Bank Owned and being sold in "As-Is" condition. The Buyer will assume all responsibility and expense of completing any and all city required fees, documents and/or inspections required to secure a Transfer of Ownership Cert prior to closing.

45. 1997-02-06
    soldstatus $116,000
46. 1991-12-06
    soldstatus $100,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NJ · Partial reset (capped growth)

• Current annual tax: $7,087 · $591/mo
• Projected year-2 tax: $8,959 · $747/mo
• Expected delta: +$1,872/yr (+$156/mo · 26.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $48,000
• − Mortgage interest: −$24,367
• − Property taxes: −$7,087
• − Insurance: −$2,175
• − Repairs & maintenance: −$3,840
• − Management: −$3,840
• − Depreciation: −$12,655
• Taxable loss: −$5,963
• Est. tax savings @ 24.0%: +$1,431
• After-tax cash flow: $2,715/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Somers Point School District
• NCES district ID: 3415030
• Math proficiency: 9% ▼ -21.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $50,191
• Composite: 18.66/100
• National rank: #8889
• State rank: #423 of 472 in NJ

Livability — Somers Point

• Score: 68/100
• State rank: #314
• US rank: #9650

Category grades

Amenities F Commute F Cost of living D Crime C- Employment C+ Housing A+ Health & safety A+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Somers Point, NJ
• City population: 10,611
• Population (ZIP): 10,611

Population outlook (Atlantic County) Hauer SSP2

• Today (2025): 268,948 people
• By 2030: 264,497 · -1.7%
• By 2040: 252,261 · -6.2%
• By 2050: 237,846 · -11.6%
• By 2075: 210,650 · -21.7%
• By 2100: 180,234 · -33.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 15% Two or more races 11% Black 9% Asian 4%
• Hispanic origin (detail): Mexican 10% Puerto Rican 3%
• Common ancestry: Romanian 3% Iranian 2% Slovak 2%
• Foreign-born: 12% · Canada, China, Jamaica
• Languages at home: 84% English-only · Spanish 8% Chinese 3% Other Indo-European 2%

Political lean MEDSL · Atlantic

• 2024 margin: Toss-up / Even · D 47.7% · R 50.7% · Other 1.6%
• 2008→2024 swing: -18.1pp toward R · 2008: 15.1pp · 2024: -3.0pp
• All cycles: 2024: R+3.0 2020: D+6.7 2016: D+6.2 2012: D+17.2 2008: D+15.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -340.51%
• Current HPI: 377.2289
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+345.0% since first listed

30 events — show timeline

• 2026-05-12 Listed $445,000 BRIGHT MLS
• 2026-05-06 Coming Soon $445,000 BRIGHT MLS
• 2020-06-29 Sold (Public Records) $199,900 Public Records
• 2020-06-15 Sold (MLS) $199,900 SJSRMLS
• 2020-04-17 Contingent — SJSRMLS
• 2020-04-10 Price Changed $199,900 SJSRMLS
• 2020-03-10 Price Changed $204,900 SJSRMLS
• 2020-03-04 Relisted — SJSRMLS
• 2020-02-04 Listing Removed — SJSRMLS
• 2019-12-22 Price Changed $205,900 SJSRMLS
• 2019-12-21 Relisted — SJSRMLS
• 2019-12-16 Listing Removed — SJSRMLS
• 2019-12-14 Price Changed $195,900 SJSRMLS
• 2019-12-10 Relisted — SJSRMLS
• 2019-11-25 Contingent — SJSRMLS
• 2019-11-23 Price Changed $199,900 SJSRMLS
• 2019-11-21 Relisted — SJSRMLS
• 2019-11-21 Listing Removed — SJSRMLS
• 2019-10-22 Listed $219,900 SJSRMLS
• 2018-02-23 Sold (Public Records) $115,300 Public Records
• 2018-02-16 Sold (MLS) $115,300 SJSRMLS
• 2018-02-13 Contingent — SJSRMLS
• 2018-01-25 Relisted — SJSRMLS
• 2017-12-06 Contingent — SJSRMLS
• 2017-11-15 Price Changed $119,000 SJSRMLS
• 2017-10-25 Relisted — SJSRMLS
• 2017-10-14 Contingent — SJSRMLS
• 2017-09-22 Listed $129,000 SJSRMLS
• 1997-02-06 Sold (Public Records) $116,000 Public Records
• 1991-12-06 Sold (Public Records) $100,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $7,087 · +4.1% YoY. Source: county tax records.