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Ocean City, NJ Housing

 
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As of 2006-2010, median price of a house in Ocean City is $621,300, which is much higher than the state average of $339,200 and is much higher than the national average of $179,900. The Ocean City median house value has grown by 176.50% since 2000. The growth rate for the price of a house in Ocean City is much higher than the state average rate of 98.59% and is much higher than the national average rate of 50.42%. The median year that a house in Ocean City was built is 1977, which is newer than the median year for a house built in the state which is 1964 and is newer than the median year for a house built in the USA which is 1975.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 4,167 Owner Occupied Houses in Ocean City, NJ, #69
Ocean City, NJ
621,300 USD
New Jersey
357,000 USD
U.S.
188,400 USD
Median House Price Growth Since 2000, #29
Ocean City, NJ
176.50%
New Jersey
98.59%
U.S.
50.42%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2006-2010 data. View historical house value data.

Housing Occupancy

 Ocean City, NJ%New JerseyU.S.
Total Housing Units20,871, see rank100%3,553,562131,704,730
Occupied Housing Units5,89028.22%, see rank90.45%88.62%
Owner Occupied3,64217.45%, see rank59.17%57.69%
Renter Occupied2,24810.77%, see rank31.29%30.93%
Vacant Housing Units14,98171.78%, see rank9.55%11.38%
For Rent1,2075.78%, see rank2.59%3.14%
For Sale Only2581.24%, see rank1.10%1.44%
Rented or Sold, Not Occupied1350.65%, see rank0.36%0.48%
For Seasonal, Recreational, or Occasional Use12,12558.09%, see rank3.80%3.53%
For Migrant Workers10.00%, see rank0.00%0.02%
Other Vacant1,2556.01%, see rank1.69%2.77%

*Based on 2010 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #70
Ocean City, NJNew JerseyU.S.
197719641975

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2006-2010 data. View historical year structure built data.

Mortgage Status

 Ocean City, NJ%New JerseyU.S.
Owner-Occupied Units4,167100%2,126,27976,089,650
With a Mortgage2,32255.72%, see rank71.16%67.94%
Without a Mortgage1,84544.28%, see rank28.84%32.06%

*Based on 2006-2010 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Ocean City, NJ
2,294 USD
New Jersey
2,373 USD
U.S.
1,524 USD

Owner Costs Distribution
Monthly Owner CostsOcean City, NJ%New JerseyU.S.
$299 or Less00.00%, see rank0.06%0.22%
$300 to $499150.65%, see rank0.42%1.85%
$500 to $699472.02%, see rank1.04%5.39%
$700 to $9991064.57%, see rank3.25%14.41%
$1,000 to $1,49935315.20%, see rank12.15%27.08%
$1,500 to $1,99940017.23%, see rank18.70%19.94%
$2,000 to $2,99971730.88%, see rank34.84%19.39%
$3,000 or More68429.46%, see rank29.54%11.73%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Ocean City, NJ
32.40% of the Total Income
New Jersey
28.50% of the Total Income
U.S.
25.00% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Ocean City, NJ%New JerseyU.S.
10% or Less994.26%, see rank3.79%4.85%
10% to 20%53122.87%, see rank21.64%28.90%
20% to 30%43418.69%, see rank28.47%28.42%
30% to 40%35015.07%, see rank18.00%15.27%
40% or More90839.10%, see rank27.80%22.15%

*Based on 2006-2010 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Ocean City, NJ
791 USD
New Jersey
882 USD
U.S.
431 USD

Owner Costs Distribution
Monthly Owner CostsOcean City, NJ%New JerseyU.S.
$199 or Less613.31%, see rank1.07%8.92%
$200 to $299100.54%, see rank1.68%16.68%
$300 to $4991739.38%, see rank7.75%35.65%
$500 to $69947225.58%, see rank17.98%20.07%
$700 or More1,12961.19%, see rank71.53%18.68%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Ocean City, NJ
16.30% of the Total Income
New Jersey
18.70% of the Total Income
U.S.
12.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Ocean City, NJ%New JerseyU.S.
10% or Less55129.86%, see rank20.75%38.92%
10% to 20%51027.64%, see rank32.44%31.98%
20% to 30%31617.13%, see rank17.57%12.67%
30% to 40%1618.73%, see rank9.69%5.90%
40% or More30716.64%, see rank18.80%9.51%

*Based on 2006-2010 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Ocean City, NJ%New JerseyU.S.
Total Housing Units20,253100%3,529,033130,038,080
1-unit, Detached6,40931.64%, see rank53.84%61.62%
1-unit, Attached7,62537.65%, see rank9.22%5.74%
2 Units3,46517.11%, see rank9.45%3.88%
3 or 4 Units7953.93%, see rank6.53%4.47%
5 to 9 Units5972.95%, see rank4.96%4.84%
10 or More Units1,3496.66%, see rank14.96%12.68%
Mobile Home, Boat, RV, Van, etc.130.06%, see rank1.04%6.76%

*Based on 2006-2010 data. View historical units in structure data.

Rooms

 Ocean City, NJ%New JerseyU.S.
Total Housing Units20,253100%3,529,033130,038,080
1 Room2361.17%, see rank2.63%1.59%
2 Rooms7703.80%, see rank2.55%2.62%
3 Rooms1,0935.40%, see rank10.37%9.02%
4 Rooms3,82718.90%, see rank14.90%16.85%
5 Rooms5,01124.74%, see rank16.58%20.93%
6 Rooms3,73318.43%, see rank16.33%18.56%
7 Rooms2,66013.13%, see rank12.78%12.38%
8 Rooms1,3466.65%, see rank10.67%8.39%
9 Rooms or More1,5777.79%, see rank13.18%9.65%
Median Rooms5.30, see rank-5.705.50

*Based on 2006-2010 data. View historical rooms data.

Bedrooms

 Ocean City, NJ%New JerseyU.S.
Total Housing Units20,253100%3,529,033130,038,080
No Bedroom2471.22%, see rank2.85%1.84%
1 Bedroom1,6878.33%, see rank14.34%11.32%
2 Bedrooms2,96314.63%, see rank25.84%27.20%
3 Bedrooms8,36441.30%, see rank32.59%39.80%
4 Bedrooms5,08925.13%, see rank18.85%15.80%
5 or More Bedrooms1,9039.40%, see rank5.53%4.04%

*Based on 2006-2010 data. View historical bedrooms data.

House Heating Fuel

 Ocean City, NJ%New JerseyU.S.
Total Housing Units6,285100%3,176,069114,235,996
Utility Gas4,53172.09%, see rank72.51%49.91%
Bottled, Tank, or LP Gas540.86%, see rank2.05%5.38%
Electricity1,39622.21%, see rank10.55%34.20%
Fuel Oil, Kerosene, etc.2493.96%, see rank13.98%7.07%
Coal or Coke00.00%, see rank0.04%0.12%
Wood250.40%, see rank0.35%1.97%
Solar Energy00.00%, see rank0.01%0.03%
Other Fuel130.21%, see rank0.27%0.42%
No Fuel Used170.27%, see rank0.26%0.90%

*Based on 2006-2010 data. View historical house heating fuel data.

Gross Rent

Monthly RentalOcean City, NJ%New JerseyU.S.
Occupied Units Paying Rent1,871100%1,014,87035,969,315
$199 or Less683.63%, see rank2.14%2.25%
$200 to $2991588.44%, see rank3.02%3.41%
$300 to $499985.24%, see rank4.16%9.80%
$500 to $6991035.51%, see rank6.64%19.41%
$700 to $99954729.24%, see rank25.28%29.88%
$1,000 to $1,49953928.81%, see rank38.66%23.51%
$1,500 to $1,99927114.48%, see rank13.36%7.56%
$2,000 or More874.65%, see rank6.74%4.16%
Median$980, see rank-$1,092$841

*Based on 2006-2010 data. View historical gross rent data.

Vehicle Available

 Ocean City, NJ%New JerseyU.S.
Occupied Housing Units6,285100%3,176,069114,235,996
No Vehicles Available73711.73%, see rank11.70%8.85%
1 Vehicles Available2,94146.79%, see rank34.26%33.28%
2 Vehicles Available1,97331.39%, see rank36.86%37.87%
3 or More Vehicles Available63410.09%, see rank17.18%20.00%

*Based on 2006-2010 data. View historical vehicle available data.


 
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