The housing in Ocean Grove, NJ is quite expensive compared to the US median value of $338,100. The median value of a house in Ocean Grove stands at $916,600. Not only does Ocean Grove have high housing values but it also boasts higher rates of appreciation than the national average. In one year alone the house appreciation rate in Ocean Grove was 11.40%, which is significantly higher than the US house appreciation rate of 8.27%. This makes Ocean Grove an attractive market for potential homeowners looking to invest in real estate.
The median home cost in Ocean Grove is $916,600. Home appreciation the last 10 years has been 78.1%. Home Appreciation in Ocean Grove is up 17.5%.
Average Age of Homes
- The median age of Ocean Grove real estate is 78 years old
The Rental Market in Ocean Grove
- Renters make up 26.8% of the Ocean Grove population
- 3.1% of houses and apartments in Ocean Grove, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.