How to Find Affordable Condos on LBI: Expert Tips for LBI Real Estate Buyers
- Nathan Colmer
- 6 hours ago
- 4 min read
Long Beach Island Real Estate: Affordable Condos on LBI
Long Beach Island (LBI), NJ, is a popular summer vacation destination, offering stunning beaches, vibrant communities, and a strong rental market. While single-family homes often dominate the conversation, condos provide an excellent entry point for buyers seeking affordability and convenience. Real estate prices on Long Beach Island have increased significantly over the past several years, and condos can offer an excellent entry point to the market. If you’re wondering how to find affordable condos on LBI, this guide will give you practical strategies and insider tips to navigate today’s competitive market.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Why Condos Are a Smart Investment on LBI
Condos offer lower maintenance, shared amenities, and often a more affordable price point compared to single-family homes. They’re ideal for:
Vacation homeowners who want a lock-and-leave lifestyle.
Investors seeking strong seasonal rental income.
First-time buyers looking for a way into the LBI market without the multi-million-dollar price tag.
Tips for Finding Affordable Condos on LBI
There is no doubt that the LBI real estate market has become very competitive. Inventory is low, and demand is still very high, but buyers can still find opportunity in the market! You just have to be realistic about what you are looking for, understand the market, and be ready to act when a good option presents itself.
1. Set a Realistic Budget
Condos on LBI range widely in price—from under $200,000 for older, seasonal units to over $2 million for luxury oceanfront properties. Most buyers should start by defining a clear price range and factoring in closing costs and monthly condo fees.
2. Understand Monthly Fees
Large complexes with pools, gyms, and professional management often have higher HOA fees. Smaller or self-managed buildings typically offer lower monthly costs, which can make a big difference in long-term affordability.
3. Target Smaller or Older Complexes
Older buildings and smaller associations often provide better value per square foot. While they may lack luxury amenities, they can be excellent for buyers prioritizing price over perks.
4. Check Listings Frequently
The LBI market moves fast. Websites like Redfin and Zillow update listings every 15 minutes, and inventory is extremely limited. Setting alerts and acting quickly when you find a match is essential.
5. Consider Location and Property Type
Seasonal condos (often converted motels) are the most affordable but may have restrictions on year-round use.
Townhome-style condos or duplex conversions offer more space and privacy.
Prices per square foot generally range from $350 to $450, depending on proximity to the beach and amenities.
6. Work With a Local LBI Real Estate Agent Like Me!
An experienced LBI agent like me, Nathan Colmer, can help you:
Identify hidden deals.
Navigate competitive bidding.
Understand condo association rules and rental potential.
Current Market Snapshot
Median listing price for condos: $925,000–$935,000.
Active listings: Just 128 properties as of mid-November, marking record-low inventory.
Average days on market: About 90 days, but desirable units often sell much faster.
Competitive dynamics: Multiple-offer situations are common, especially for condos under $1 million.
Example Listings
1810 Central Ave Unit 15, Ship Bottom – Listed at $739,000.
111 W 18th St Apt 2, Ship Bottom – Listed at $649,999.
These examples show that while luxury condos dominate the market, affordable options do exist—especially in Ship Bottom and Surf City.
Pro Tips for Buyers
Act fast: Inventory under $2 million is extremely tight.
Get pre-approved: Sellers favor buyers who are ready to close.
Be flexible: Consider bayside or oceanblock locations for better pricing.
How to Find Affordable Condos on LBI: Expert Tips for LBI Real Estate Buyers
Finding an affordable condo on Long Beach Island requires strategy, speed, and local expertise. By setting a clear budget, understanding fees, and working with a knowledgeable agent, you can secure a property that fits your lifestyle and investment goals—even in today’s competitive market.
If you are looking to buy, sell, or invest in the LBI real estate market, contact me, Nathan Colmer, for expert guidance backed by years of local experience, deep market insight, and a proven track record in helping clients navigate LBI's unique market. My experience extends over 20 years of selling homes on Long Beach Island, with a special focus on second homes and investment properties. In addition to representing buyers and sellers, I personally invest in the LBI real estate market and can share my firsthand knowledge of this investment strategy. Whether you're searching for a vacation home, planning a wise investment, or ready to list your property, I can offer you personalized strategies and unmatched knowledge to help you succeed.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com