Ocean Park04063

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
N/A
N/A
Median Household Income
$60,600
N/A
Days on Market
N/A
N/A
Home Price Forecast
N/A
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A

Property Listings — Ocean Park

As of Aug '25 and according to Realtor.com, the median days on market for a home in Ocean Park is NA. This is an insufficient data of NA from last year. This indicates that homes are sitting on the market insufficient data to determine a trend than last year. The percentage of listed homes with a reduced price is NA. This is an unknown percentage of inventory, suggesting unknown supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
N/AN/A
Listing Count
N/AN/A
Listings as % of HomesN/AN/A
Days on Market
N/AN/A
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Demographics — Ocean Park

MetricLatest CensusYoY % Change
Population
56517.2%
% Under 18
0.0%N/A
% Under 5N/AN/A
% Seniors
74.9%34.2%
% WFH
19.0%555.2%
% w/ College Degree
72.7%62.6%
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Race and Ethnicity

MetricLatest Census5-Year % Change
% White
91.2%-5.5%
% Black
0.0%N/A
% Hispanic
8.5%∞%
% Asian
0.4%∞%
% Foreign Born
0.2%∞%
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Mortgage and Risk — Ocean Park

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Ocean Park in that year was 21. 100.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 39.0%. Of those, 0.0% were >90% loan to value. This is considered normal, suggesting that mortgage risk is small in Ocean Park. Investor activity in Ocean Park is high, as 19.0% of all loans are originated by investors. In 2023, 14.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
21N/AN/A
% Conventional Loans
100.0%N/AN/A
% Government Loans
0.0%N/AN/A
% Investor Loans
19.0%N/AN/A
% Second Loans
24.0%N/AN/A
% Cash Out Refinance
14.0%N/AN/A
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Rentals and Section 8 — Ocean Park

As of 2024, the percent of homes in Ocean Park under the Section 8 program is NA. This is considered unknown, suggesting that the neighborhood is unknown composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

Section 8 Market Size

Total Units under HUD
105
Total Units Section 8
105
% Rentals under Section 8
N/A
% Occupied Section 8
98.0%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$1,370
2 BedroomN/AN/A$1,760
3 BedroomN/AN/A$2,180
4 BedroomN/AN/A$2,470

Affordability — Ocean Park

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income RatioN/AN/AN/A
Median Home PriceN/AN/AN/A
Median Household Income$60,600N/AN/A

Ocean Park — ZIP Code Boundary Map

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