Rankings/Atlantic City-Hammonton, NJ

Atlantic City-Hammonton, NJ

NeutralTier 1CBSA 12100Compare

Risk Rank: #127 of 274Month: 2026-05Score change (12m):↓ -13

51score

Composite risk percentile vs 274 metros (higher = higher risk)

Executive Summary

Atlantic City's housing market shows average risk, ranking 127th of 274 metros. The market recently entered Expansion. Current conditions are balanced with stable liquidity. Broad-based growth with healthy fundamentals.

Atlantic City experienced a market correction from late 2024 through late 2024. The market has since normalized and entered Expansion.

Inventory is roughly flat (+3% YoY) with homes selling at a normal pace — a balanced market.

Rent growth is roughly keeping pace with price appreciation, suggesting valuations are not stretched.

Cycle Phase

RecoveryExpansionHypersupplyRecession

1 month in current phase

Normal growth conditions with balanced fundamentals

Key Dynamics

Risk is primarily driven by affordability and price momentum, while employment provides the most support.

Top Drivers

Affordabilityp91

Mortgage payment / income

Price Momentump89

12-month HPI change

Permits per Capitap48

Permits per 1,000 residents

Market Signals

Inventory is roughly flat (+3% YoY) with homes selling at a normal pace — a balanced market.

Liquidity

Stable↑

Active Listings YoY

+3.0%p52

Days on Market YoY

-5.3%p37

Months in status1

Data through May 2026

Valuation

Balanced—

Rent vs. Price Growth

+1.2%p81

Months in status1

Data through May 2026Rent growth vs price growth (rent support). Note: Affordability and Valuation measure different structural dimensions and can diverge.

Factor Details

Lower riskHigher risk

Low RiskBelow AvgNeutralElevatedHigh Risk

Price MomentumHigh Risk

+3.4%p89

12-month HPI change — higher = overheating

Permit GrowthBelow Avg

-15.6%p25

YoY permit change — higher = supply pressure

Permits per CapitaNeutral

3.84p48

Permits per 1,000 residents — higher = overbuilding risk

AffordabilityHigh Risk

0.36p91

Mortgage payment / income — higher = more burdened

EmploymentLow Risk

+0.8%p20

12-month employment change (risk inverted)

MigrationBelow Avg

+$47Kp33

Net AGI migration (risk inverted)

National Context

Credit Conditions

Credit Regime

Stable—

Normal expansion. Credit is available, transactions are healthy — no constraints on current growth momentum.

Bank Lending Standards

-3.7Normal

Rate Change (YoY)

-38 bpsNormal

Mortgage Risk Premium

+199 bpsElevated

Stable for 9 quartersData through 2026-Q2

Supply Pipeline

Supply Regime

Accumulating—

Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.

Pipeline Ratio

0.90Elevated

Completion-Permit Divergence

-5.9 ppNormal

Accumulating for 5 quartersData through 2026-Q2

Local Signals

Metro Permit Activity

Permit Activity

Cooling

YoY Permit Growth

-15.6%Below norm

Raw signal — not the composite percentile

Relative to 2016–2019 norms for this metro

Builders are pulling back but demand remains healthy. A supply constraint could form — fewer new units entering a market that is still absorbing well.

Employment Concentration

Employment

Concentrated

Largest SectorAccommodation & Food 28.9%

QCEW 2024 annual averages

Internal Structure

County-level structural analysis.

County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.

Score History

Month	Phase	Score	Price	Permits	Afford	Employ	Migr
2025-12	Rec	67	96	43	92	88	33
2025-10	Rec	65	46	100	89	80	27
2025-08	Hyp	74	82	100	89	97	27
2025-07	Rec	76	91	100	89	99	27
2025-06	Hyp	76	94	100	87	97	27
2025-04	Hyp	60	93	100	87	2	27
2025-02	Exp	54	66	100	84	1	27
2025-01	Rec	54	62	100	84	2	27
2024-11	Rec	61	99	100	87	5	27
2024-10	Hyp	62	100	100	87	10	27
2024-09	Ress	70	94	100	83	66	27
2024-07	Ress	73	98	100	83	83	27
2024-06	Hyp	71	96	100	82	72	27
2024-04	Exp	71	92	100	82	74	27
2024-02	Exp	70	98	100	83	63	27
2023-11	Exp	73	98	100	72	92	27
2023-08	Rec	65	85	100	66	62	27
2023-06	Rec	65	89	100	68	54	27
2023-03	Ress	66	75	100	64	83	27
2023-01	Exp	66	76	100	64	76	27
2022-11	Exp	58	64	100	57	50	27
2022-10	Rec	57	68	100	57	39	27
2022-08	Rec	56	79	100	59	25	27
2022-07	Exp	56	79	100	59	25	27
2022-05	Exp	56	75	100	57	28	27
2022-02	Exp	51	71	100	56	3	27
2022-01	Rec	52	72	100	56	8	27
2021-11	Rec	52	79	100	68	3	14
2021-10	Exp	54	82	100	68	11	14
2021-08	Exp	51	78	100	67	1	14
2021-05	Exp	53	88	100	69	0	14
2021-03	Rec	70	93	100	66	98	14
2021-01	Rec	70	93	100	66	96	14
2020-12	Exp	67	83	100	61	97	14
2020-10	Exp	66	76	100	61	97	14
2020-09	Rec	67	84	100	61	96	14
2020-07	Rec	67	81	100	61	99	14
2020-04	Rec	68	88	100	59	99	14
2020-01	Rec	62	82	100	57	72	14
2019-10	Rec	64	87	100	58	65	20
2019-08	Exp	68	94	100	57	89	20
2019-06	Exp	59	53	100	53	75	20
2019-03	Exp	44	37	100	53	1	20
2019-01	Exp	46	49	100	53	2	20

Data Vintages

Price (HPI)2026-Q1

Permits2026-05

Income2024

Employment2026-05

Migration2023