Rents are rising and beachfront properties are under threat from rising rents and rising costs, and the state’s largest cities are also seeing a boom in the luxury market, according to a new report from the Rehoboths Beachfront Rentals.
Brentwood, a beachfront town near the Delaware River, is the priciest in the state, with its average price tag of $1,800 a month.
The town also has the second-highest median income in the region at $75,000.
The next closest town, Port Jefferson, is only $700 a month below.
The report comes after the Rehm family, the founders of the luxury resort, filed for Chapter 11 bankruptcy protection in 2016.
The resort has struggled with poor sales and poor attendance.
It’s been closed since late January, and it’s unclear when the resort will reopen.
The resort has a total of 11 properties, including three luxury hotels and three beachfront condos.
Some of the town’s properties include:A.J. Meyer Beachfront, located just north of the Delaware at the edge of the Atlantic Ocean, is now one of the pricier towns in the entire region.
The $1.1 million resort features more than 100 rooms with an average of $750 a night.
The median rent is $1 and the average sale price is $3,000, according the Rehaubits report.
It has two high-end hotel suites, including one that sells for more than $1 million.
It also has two villas, including a two-bedroom, three-bathroom villa with a spa and a clubhouse.
The median rent for the resort is $4,200.
The other town, Westport, has the third-highest average rent of $4.1, according Rehaubafts.
The average sale is $5,600 and the median price is a bit more than twice as much.
The market is also home to several high-profile luxury hotels.
The property is located in a suburb of the city of Easton and has an average sale value of $3.9 million.
Rent increases and beach front property sales in the area have been a factor in the towns financial troubles.
The town is the sixth-most expensive town in the Rehn family, according a Rehoboards Beachfront Report from 2016.
In fact, the median household income in Brentwood is $50,000 and the town has a median income of just $10,000 a year.
The city has seen the average sales price increase for the last year and a half, and residents have seen rents rise by more than 20 percent.
The borough is the fourth-most affordable in the nation, according data from the Bureau of Labor Statistics.
The number of vacation rentals in the borough is expected to double in the next three years, according John Raskob, vice president of real estate for the ReHoboards.
The Rehobos purchased the town in 2015 for $1 per month.