The housing market in 08050 Ocean Acres, NJ is very strong compared to the national average. The median value for housing in this area is $494,700, which is significantly higher than the US House Median Value of $338,100. Furthermore, the 1 year House Appreciation rate for this area is 15.62%, which is more than double the US 1 year House Appreciation rate of 8.27%. This indicates that housing in 08050 Ocean Acres, NJ has seen steady growth over the past year and is likely to continue doing so into the future.
The median home cost in Ocean Acres (zip 08050) is $494,700. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Ocean Acres (zip 08050) is up 18.1%.
Average Age of Homes
- The median age of Ocean Acres (zip 08050) real estate is 27 years old
The Rental Market in Ocean Acres (zip 08050)
- Renters make up 8.9% of the Ocean Acres (zip 08050) population
- 0.0% of houses and apartments in Ocean Acres (zip 08050), 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.