Ocean City Metro Area, NJ Housing

The housing market in Ocean City, NJ Metro Area is thriving. The median value of a house is $613,600 which is significantly higher than the US House Median Value of $338,100. Furthermore, the US 1 year House Appreciation rate is 8.27% whereas in Ocean City, NJ Metro Area it's 10.41%. This indicates that houses in this area are appreciating at a faster rate than the national average. Thus, investing in property in this area could prove to be a wise decision for potential buyers and investors alike.

The median home cost in Ocean City Metro Area is $613,600. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Ocean City Metro Area is up 20.3%.

Average Age of Homes

- The median age of Ocean City Metro Area real estate is 40 years old

The Rental Market in Ocean City Metro Area

- Renters make up 10.3% of the Ocean City Metro Area population
- 4.6% of houses and apartments in Ocean City Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Ocean City, New Jersey	United States
	99,567.0	139,647,020.0
	42	42
	$613,600	$338,100
	20.3%	16.6%
	70.1%	57.0%
	70.7%	101.1%
	$14.76	$10.98
	$4,702	$2,690
	33.0%	57.4%
	57.8%	11.2%
	9.2%	31.4%
Vacant Housing
	4.6%	1.9%
	0.1%	0.4%
	0.9%	0.7%
	0.2%	0.4%
	50.7%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	1.1%	2.4%
	0.6%	2.8%
	0.8%	3.9%
	0.8%	4.5%
	5.1%	11.3%
	10.8%	13.0%
	25.3%	20.1%
	19.5%	13.6%
	10.7%	8.3%
	11.5%	9.7%
	5.6%	3.9%
	2.5%	2.2%
	1.5%	0.8%
	2.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	16.2%	13.6%
	16.2%	13.6%
	9.4%	13.6%
	17.3%	13.2%
	13.6%	14.8%
	9.4%	13.6%
	10.0%	10.0%
	4.7%	4.7%
	14.0%	12.2%

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