Home of world-class entertainment and recognized as the tourist Mecca of the East Coast, Atlantic City is the place to be for homeowners, tourists, families, retirees, and for those who just enjoy living in an area that boasts a fun and vibrant atmosphere. Atlantic City is a great place for kids, teens and adults. With sandy beaches, great restaurants, live shows with well-known music stars, shopping, and casinos, Atlantic City has so much to offer for everyone.
While casinos such as the Borgata, Trump Taj Mahal, Bally's, Harrah's, Hilton, Sands, Caesars and Tropicana keep the Atlantic City economy vibrant, more than 40,500 Atlantic City residents enjoy living in a city with a strong job market, affordable real estate, and eclectic history. Once a favored summer retreat, Atlantic City capitalized on the Casino Gambling Referendum of 1976. Glittering casinos and hotels were built along the Boardwalk and successfully established the city as an acclaimed year-round tourist destination.
The Atlantic City School District serves the educational needs of students living in Atlantic City. Residents looking to partake in some outdoor recreational activities can easily head down to the Atlantic coastline for some beach fun, sunbathing, swimming, and surfing. Golf courses at the Atlantic City Country Club and McCullough's Emerald Golf Links are ready for your next tee time. The housing market in Atlantic City includes a number of restored historic properties as well as stunning newer waterfront homes, glittering high-rise condos, charming townhouses, new construction, and a wide selection of single-family homes.
While the late 19th century was a time of celebrated growth in Atlantic City, the city's real estate market is still growing and expanding. In 1899, nearly two-thirds of the city's 6,500 homes were cottages. These two- and three-story private residences, beautifully landscaped with magnificently decorated interiors, were the summer homes of prominent doctors and businessmen from Philadelphia and a symbol of Atlantic City's glory days. Many of these resplendent single-family detached homes in the Marina District, Venice Park, Midtown, Ducktown, Westside, Chelsea, Chelsea Heights, Bungalow Park and the Inlet have been restored and are affordably priced from $100,000 to $900,000. Larger, newer estate properties are also available at prices that can exceed $3.5 million.
Many homes for sale in Atlantic City offer scenic ocean views, bay or water frontage, swimming pools and fireplaces, in addition to a host of other luxury amenities. Towering condominium high-rises and affordable townhouses offer scenic vistas of the bay, the Boardwalk and the sparkling blue-green ocean.
Condos and townhouse prices in Atlantic City range from the low $120,000s to over $3 million. Some investment properties can be found for purchase starting in the low $200,000s and land/lots are available for custom construction, including some waterfront properties. New construction can also be found in Atlantic City.
Atlantic City Real Estate Stats and Trends for the week of January 25th, 2020: homes priced around $150,705 compared to $150,705 the previous week, to remain steady with no change in listing price. For Saturday, January 25th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.