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  4. /Ocean City, NJ - 08226

Ocean City, NJ—08226

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,117,000
5.8% YoY Growth
Household Income
$102,000
43.6% YoY Growth
Days on Market
53
0.0% Longer YoY
Home Price Forecast
2.5%
Median Rent
$2,500
14.9% YoY Growth
1-Bed Rent
$1,300
8.0% YoY Growth
2-Bed Rent
$2,500
45.4% YoY Growth
3-Bed Rent
$3,500
4.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Ocean City, NJ

As of May '26, the median home price in Ocean City, NJ is $1,117,000, with a year-over-year change of 5.8%. This indicates that home prices in Ocean City, NJ are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,117,0005.8%
Single Family $1,550,0009.5%
Condos $1,015,0007.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $386,000
    2.7%
    2 Bed
    		$641,0008.1%
    3 Bed
    		$1,007,00010.2%
    4 Bed
    		$1,378,0006.2%
    5 Bed $2,155,5497.2%
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    % of Housing Stock

    Studio
    1.1%
    1 Bedroom
    5.6%
    2 Bedrooms
    13.2%
    3 Bedrooms
    43.6%
    4 Bedrooms
    28.5%
    5+ Bedrooms
    7.9%

    Rental Trends — Ocean City, NJ

    As of July '25, Rentcast reports the average rent in Ocean City, NJ is $3,080, with a year-over-year rent change of -14.9%. Per bedroom, the median rent as of July '25 in Ocean City, NJ is 1-bedrooms: $3,450, 2-bedrooms: $2,530, 3-bedrooms: $3,140, 4-bedrooms: $3,250. The most common rental property sizes in Ocean City, NJ are 2-bedroom and 3-bedroom, accounting for 47.5% and 21.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,500$3,080
    Studio Rent N/AN/A
    1 Bed Rent $1,300$3,450
    2 Bed Rent $2,500$2,530
    3 Bed Rent $3,500$3,140
    4 Bed Rent $2,500$3,250
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    % of Rental Stock

    Studio
    5.4%
    1 Bedroom
    18.0%
    2 Bedrooms
    47.5%
    3 Bedrooms
    21.0%
    4 Bedrooms
    6.6%
    5+ Bedrooms
    1.5%

    Property Listings — Ocean City, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Ocean City, NJ is 53. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,370,00010.0%
    Listing Count
    		3604.0%
    Listings as % of Homes1.5%4.0%
    Days on Market
    		530.0%
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    Demographics — Ocean City, NJ

    As of the latest ACS Survey released in 2023, Ocean City, NJ has a population of 11,300, which has remained stable by 0.5% over the past 5 years. Ocean City, NJ is a moderately popular place for families, as children make up 15.1% of the population. The area has a highly educated workforce, with 54.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		11,3000.5%
    % Under 18
    		15.1%-16.1%
    % Seniors
    		34.2%8.2%
    % WFH
    		15.9%109.2%
    % w/ College Degree
    		54.7%11.6%
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    As of the latest ACS Survey released in 2023, Ocean City, NJ is a predominantly white area, with 85.8% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Ocean City, NJ is hispanic, making up 9.3% of the population. Foreign-born residents account for 6.6% of the population in Ocean City, NJ, and this percentage has increased by 3.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		85.8%0.5%
    % Black
    		2.2%-31.2%
    % Hispanic
    		9.3%27.4%
    % Asian
    		0.3%-83.3%
    % Foreign Born
    		6.6%3.1%
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    Mortgage and Risk — Ocean City, NJ

    According to HUD data as of 2023, there were 632 mortgage originations in Ocean City, NJ, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Ocean City, NJ. Investor activity is low, as 8.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		632
    % Conventional Loans
    		99.0%
    % Government Loans
    		1.0%
    % Investor Loans
    		8.0%
    % Second Loans
    		62.0%
    % Cash Out Refinance
    		5.0%
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    Rentals and Section 8 — Ocean City, NJ

    As of 2024, the percent of homes in Ocean City, NJ under the Section 8 program is 8.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Ocean City, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		173
    Total Units Section 8
    		134
    % Rentals under Section 8
    		8.8%
    % Occupied Section 8
    		96.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$80$1,300$1,380
    2 Bedroom-$690$2,500$1,810
    3 Bedroom-$1,080$3,500$2,420
    4 Bedroom-$70$2,500$2,430

    Affordability — Ocean City, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio9.9
    Median Home Price$1,117,000
    Median Household Income$102,000

    Ocean City, NJ — ZIP Code Boundary Map

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    Frequently Asked Questions