HomeUnion Names the Best Beach Town Bargains

Thinking of living in a home on the coast all year-round? Consider these affordable areas.

IRVINE, Calif., July 26, 2016 – HomeUnion, an online residential real estate investment management firm, has released a list of zip codes with the most affordable beach homes in the United States. The zip codes in this study are coastal communities with a significant inventory of single-family rental (SFR) homes and below-average crime. Where applicable, zip codes on the ocean or open water were favored over zip codes on bays or inlets.

beachcities_venturacalifornia“As people across the county embark on their summer vacations, we wanted to highlight coastal communities with the most affordable housing and rents,” explains Steve Hovland, director of research for HomeUnion. “In case vacationers ever wondered how much it would cost to buy or invest in a home on the coast year-round, we put together this list, which also includes median household income in each area.

“Since home prices have remained low across the Midwest for the past few years, it’s no surprise that Two Rivers, Wisc., on the shores of Lake Michigan tops our list,” Hovland continues. “But there are still plenty of seaside bargains to be found throughout Florida, along the Atlantic Ocean, in expensive housing markets like suburban New York City, and even on the Pacific Ocean in California.”

Here’s the complete list of the most affordable beach towns in the U.S.:

State County City Zip Code 2Q 2016 Avg. Rent 2Q 2016 Median Home Price Median Household Income
WI Manitowoc Two Rivers 54241 $835 $85,300 $44,500
NY Erie Angola 14006 $1,180 $107,400 $57,600
FL Pasco Bayonet Point 34667 $1,193 $122,100 $35,100
NY Jefferson Dexter 13634 $1,294 $137,800 $53,600
NY Suffolk Mastic Beach 11951 $1,333 $138,200 $69,100
FL Volusia Oak Hill 32759 $1,126 $152,800 $35,900
MD Baltimore Baltimore 21221 $1,479 $184,600 $52,800
FL Martin Jensen Beach 34957 $2,137 $213,900 $44,500
MD Charles Cobb Island 20625 $1,583 $222,000 $66,400
MD Worcester Berlin 21811 $1,558 $236,200 $61,600
FL Duval Jacksonville 32226 $1,455 $237,400 $69,700
NJ Ocean Forked River 08731 $1,598 $242,400 $65,900
FL Brevard Palm Shores 32940 $1,871 $272,500 $70,500
NJ Monmouth Highlands 07732 $1,770 $294,500 $68,700
FL Sarasota Englewood 32226 $2,154 $298,500 $45,200
WA Snohomish Everett 98203 $1,675 $307,100 $57,600
VA Virginia Beach City Virginia Beach 23455 $1,722 $309,400 $63,800
WA Island Langley 98260 $1,718 $338,400 $59,300
NJ Atlantic Brigantine 08203 $1,278 $373,300 $63,400
CA San Diego Oceanside 92057 $2,191 $403,800 $64,000
MD Anne Arundel Arnold 21012 $1,901 $431,400 $103,300
FL Palm Beach Boca Raton 33431 $3,406 $571,000 $69,000
CA Ventura Oxnard 93035 $2,454 $613,800 $78,700
FL Broward Hollywood 33019 $3,635 $622,400 $67,400
FL Monroe Key Colony Beach 33051 $3,111 $654,400 $47,500
FL Manatee Bradenton Beach 34217 $3,561 $673,400 $49,000
FL Lee Sanibel 33957 $4,616 $710,600 $97,300
FL Miami-Dade Coconut Grove 33133 $3,606 $774,100 $53,600
CA Santa Barbara Goleta 93117 $3,155 $802,400 $57,000
SC Charleston Dewees Island 29451 $3,645 $808,100 $87,200
FL Collier Marco Island 34145 $3,542 $813,700 $69,800
NJ Cape May Sea Isle City 08243 $1,863 $816,800 $56,000
CA Monterey Pacific Grove 93950 $2,190 $952,700 $72,900
CA Orange San Clemente 92672 $3,233 $984,700 $71,800
IL Cook Chicago 60657 $3,469 $984,700 $75,600
CA Los Angeles Long Beach 90803 $3,609 $1,139,300 $72,000

Sources: HomeUnion Research Services, F.B.I. Crime Statistics, U.S. Census Bureau

 

About HomeUnion

HomeUnion is an online real estate investment management firm, bringing value investing to the individual investor in residential properties.  Based in Irvine, Calif., it provides all the services needed for individuals to invest remotely in SFR properties. The company uses a combination of data-driven proprietary analytics to incorporate over 120M homes and 200,000 neighborhoods into their database, and then delivers its solutions to an on-the-ground infrastructure that currently serves 21 locations. HomeUnion’s role spans the lifecycle of the investment transaction: from identifying sound investments; handling all aspects of acquisition; maximizing income; protecting asset value; and selling it when the time comes.

 

Media Contact:

Stacey Corso

stacey.corso@homeunion.com

415.672.6460

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