Ocean Gate 08740 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ocean Gate—08740

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$451,000

4.0% YoY Growth

Household Income

$75,300

24.7% YoY Growth

Days on Market

66.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$2,500

1.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$2,300

16.5% YoY Growth

3-Bed Rent

$2,800

7.4% YoY Growth

Home Price Trends — Ocean Gate

As of May '26, the median home price in Ocean Gate is $451,000, with a year-over-year change of 4.0%. This indicates that home prices in Ocean Gate are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$451,000	4.0%
Single Family	$451,000	4.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ocean Gate

As of July '25, Rentcast reports the average rent in Ocean Gate is $2,780, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Ocean Gate is 2-bedrooms: $2,400, 3-bedrooms: $3,150. The most common rental property sizes in Ocean Gate are 3-bedroom and 2-bedroom, accounting for 56.6% and 39.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,780
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$2,300	$2,400
3 Bed Rent	$2,800	$3,150
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

4.1%

2 Bedrooms

39.3%

3 Bedrooms

56.6%

Property Listings — Ocean Gate

As of May '26, Realtor.com reports that the median days on market for a home in Ocean Gate is 40. This is a increase of 66.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$514,000	29.0%
Listing Count	17	14.0%
Listings as % of Homes	1.1%	14.0%
Days on Market	40	66.0%

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Demographics — Ocean Gate

As of the latest ACS Survey released in 2023, Ocean Gate has a population of 1,770, which has increased by 2.0% over the past 5 years. Ocean Gate is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,770	2.0%
% Under 18	16.2%	-8.0%
% Seniors	24.5%	46.7%
% WFH	7.0%	105.9%
% w/ College Degree	33.2%	43.1%

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As of the latest ACS Survey released in 2023, Ocean Gate is a predominantly white area, with 90.9% of the population identifying as white. The white population has grown by 5.9% in the last 5 years. The second most common race or ethnicity in Ocean Gate is asian, making up 2.4% of the population. Foreign-born residents account for 4.5% of the population in Ocean Gate, and this percentage has increased by 104.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.9%	5.9%
% Black	1.1%	-80.0%
% Hispanic	0.5%	-94.6%
% Asian	2.4%	700.0%
% Foreign Born	4.5%	104.5%

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Mortgage and Risk — Ocean Gate

According to HUD data as of 2023, there were 43 mortgage originations in Ocean Gate, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Ocean Gate. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	43
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	2.0%
% Second Loans	9.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Ocean Gate

Ocean Gate lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	30
Total Units Section 8	30
% Rentals under Section 8	20.0%
% Occupied Section 8	99.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,880
2 Bedroom	$20	$2,300	$2,320
3 Bedroom	$290	$2,800	$3,090
4 Bedroom	N/A	N/A	$3,440

Ocean Gate—08740

Key Metrics at a Glance

Home Price Trends — Ocean Gate

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ocean Gate

% of Rental Stock

Property Listings — Ocean Gate

Demographics — Ocean Gate

Race and Ethnicity

Mortgage and Risk — Ocean Gate

Mortgages

Rentals and Section 8 — Ocean Gate

Section 8 Market Size

Section 8 Opportunity

Affordability — Ocean Gate

Home Price to Income Ratio

Ocean Gate — ZIP Code Boundary Map

Nearby ZIP Codes

Island Heights

Pine Beach, NJ

Seaside Heights, NJ

Toms River, NJ

Bayville, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.7
Median Home Price	$451,000
Median Household Income	$75,300

Ocean Gate—08740

Key Metrics at a Glance

Home Price Trends — Ocean Gate

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ocean Gate

% of Rental Stock

Property Listings — Ocean Gate

Demographics — Ocean Gate

Race and Ethnicity

Mortgage and Risk — Ocean Gate

Mortgages

Rentals and Section 8 — Ocean Gate

Section 8 Market Size

Section 8 Opportunity

Affordability — Ocean Gate

Home Price to Income Ratio

Ocean Gate — ZIP Code Boundary Map

Nearby ZIP Codes

Island Heights

Pine Beach, NJ

Seaside Heights, NJ

Toms River, NJ

Bayville, NJ

Frequently Asked Questions

What is the average home price in Ocean Gate 08740?

How have home prices in Ocean Gate 08740 changed over the past year?

What is the home price projection for Ocean Gate 08740?

What are the demographics of Ocean Gate 08740?

How long does it take homes to sell in Ocean Gate 08740?

What is the average rent price in Ocean Gate 08740?