Waterfront Housing Demand Outstrips Supply in 10 US Towns

Home buyers seeking waterfront property face higher acquisition costs in 10 popular US towns. Real estate agents predict housing prices will climb in markets such as Myrtle Beach, South Carolina, and Atlantic City, New Jersey, where current prices are within typical affordability boundaries relative to average salary. In San Diego, California, demand continues to outstrip supply by a wide margin despite new developments. In Northport, Michigan, land is largely protected or unlikely to be developed, creating supply constraints for a limited number of waterfront properties. Similarly, Bellport, New York, has a limited number of waterfront homes. These price increases are driven by an influx of young professionals in Portland, Maine, and families moving to Destin, Florida, for upscale amenities and safety. The average home price in Atlantic City is $213,186, while in San Diego it is $989,768.