The housing market in Ocean Gate, NJ is thriving. The median value of homes in the area is $327,600, which is slightly lower than the US House Median Value of $338,100. Over the past year, the US House Appreciation was 8.27%, but in Ocean Gate, NJ it was an even higher 13.53%. This increase shows that the housing market is strong and desired by many buyers. Ocean Gate offers a great value for those looking to buy a home and has seen steady appreciation over time.
The median home cost in Ocean Gate is $327,600. Home appreciation the last 10 years has been 85.4%. Home Appreciation in Ocean Gate is up 19.0%.
Average Age of Homes
- The median age of Ocean Gate real estate is 65 years old
The Rental Market in Ocean Gate
- Renters make up 22.9% of the Ocean Gate population
- 0.8% of houses and apartments in Ocean Gate, 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.