Ocean, NJ—07712
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ocean, NJ
As of Oct '25, the median home price in Ocean, NJ is $717,000, with a year-over-year change of 1.1%. This indicates that home prices in Ocean, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $717,000 | 1.1% |
| Single Family | $791,000 | 1.3% |
| Condos | $570,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $450,000 | 3.0% |
2 Bed | $596,000 | 2.1% |
3 Bed | $696,000 | 1.5% |
4 Bed | $920,000 | 1.9% |
| 5 Bed | $1,093,000 | 2.0% |
% of Housing Stock
Rental Trends — Ocean, NJ
As of July '25, Rentcast reports the average rent in Ocean, NJ is $3,400, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Ocean, NJ is studios: $2,280, 1-bedrooms: $2,410, 2-bedrooms: $3,850, 3-bedrooms: $3,890, 4-bedrooms: $4,100. The most common rental property sizes in Ocean, NJ are 1-bedroom and 2-bedroom, accounting for 55.3% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,400 |
| Studio Rent | $2,350 | $2,280 |
| 1 Bed Rent | $2,250 | $2,410 |
| 2 Bed Rent | $3,500 | $3,850 |
| 3 Bed Rent | $3,250 | $3,890 |
| 4 Bed Rent | $3,100 | $4,100 |
% of Rental Stock
Property Listings — Ocean, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Ocean, NJ is 49. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $840,000 | -8.0% |
Listing Count | 164 | 9.0% |
| Listings as % of Homes | 0.5% | 9.0% |
Days on Market | 49 | -6.0% |
Demographics — Ocean, NJ
As of the latest ACS Survey released in 2023, Ocean, NJ has a population of 39,600, which has increased by 3.0% over the past 5 years. Ocean, NJ is a moderately popular place for families, as children make up 18.2% of the population. The area has a highly educated workforce, with 48.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,600 | 3.0% |
% Under 18 | 18.2% | -10.8% |
% Seniors | 18.6% | 16.2% |
% WFH | 16.4% | 203.7% |
% w/ College Degree | 48.8% | 24.2% |
As of the latest ACS Survey released in 2023, Ocean, NJ is a predominantly white area, with 58.2% of the population identifying as white. The white population has grown by 10.4% in the last 5 years. The second most common race or ethnicity in Ocean, NJ is hispanic, making up 18.3% of the population. Foreign-born residents account for 18.5% of the population in Ocean, NJ, and this percentage has decreased by 6.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 58.2% | 10.4% |
% Black | 17.9% | -26.6% |
% Hispanic | 18.3% | 5.2% |
% Asian | 3.0% | -41.2% |
% Foreign Born | 18.5% | -6.1% |
Mortgage and Risk — Ocean, NJ
According to HUD data as of 2023, there were 407 mortgage originations in Ocean, NJ, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Ocean, NJ. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 407 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Ocean, NJ
As of 2024, the percent of homes in Ocean, NJ under the Section 8 program is 15.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Ocean, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,917 |
Total Units Section 8 | 1,443 |
% Rentals under Section 8 | 15.7% |
% Occupied Section 8 | 84.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$630 | $2,250 | $1,620 |
| 2 Bedroom | -$1,500 | $3,500 | $2,000 |
| 3 Bedroom | -$590 | $3,250 | $2,660 |
| 4 Bedroom | -$140 | $3,100 | $2,960 |
Affordability — Ocean, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $717,000 |
| Median Household Income | $95,700 |