Ocean County, New Jersey Housing Market Prices
Ocean County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 8% above the New Jersey median More expensive than 75% of counties in New Jersey$381,212
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Median rent 2% above the New Jersey median More expensive than 70% of counties in New Jersey$1,755
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Ocean County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $381,212 | $352,792 | $248,835 |
| Price Trend (Annual %) | 6.2% | 4.4% | 7.5% |
| Median Gross Rent | $1,755 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ocean County is about 8% higher than in New Jersey. Rent is about 2% higher than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Ocean County, up about 6.2% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Ocean County rose about 32.7% between 2015 and 2024, from $1,322 to $1,755. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Ocean County.
Buying the median-priced home in Ocean County costs roughly 18.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ocean County. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Ocean County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $381,212 | $352,792 | $248,835 |
| Median Household Income | $90,726 | $103,817 | $80,455 |
| Price-to-Income Ratio | 4.2 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ocean County rose about 69.4%, while median household income rose about 44.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Ocean County | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.4% | 59.1% | 58.5% |
| Rental Rate | 15.8% | 33.5% | 31.2% |
| Vacancy Rate | 17.7% | 7.5% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Ocean County has a homeownership rate of 66.4%, higher than the New Jersey average of 59.1%. Its housing vacancy rate is 17.7%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Ocean County | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1982 | 1968 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Ocean County was built around 1982. On average, 2.7 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Ocean County, NJ Housing Compared With Nearby Counties
Ocean County, NJ is the 2nd largest of the 6 counties compared here, 654,303 residents against a local median of 467,571. Where Ocean County, NJ breaks from the counties next to it is median home price, sitting 37% above the local median of $279,129 at $381,212.
Homeownership tells the same story from another angle: 80.7% against a local median of 68.7%, 18% above it. The one measure here that carries a verdict is homeownership, and at 18% above the local median it puts Ocean County, NJ at the better end of the local range. The counties themselves spread $186,907 on median home price, so Ocean County, NJ sits at one end of an already wide local range rather than apart from it. Ocean County, NJ has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ocean County, NJ | 654,303 | $381,212 #2/6 | $1,755 #3/6 | 80.7% #1/6 |
| Burlington County, NJ | 467,571 | $248,885 | $1,741 | 76.1% |
| Monmouth County, NJ | 645,196 | $433,523 | $1,826 | 75.6% |
| Atlantic County, NJ | 276,076 | $328,302 | $1,375 | 68.7% |
| Middlesex County, NJ | 870,701 | $279,129 | $1,871 | 63.7% |
| Mercer County, NJ | 385,681 | $246,616 | $1,622 | 62.2% |
Frequently Asked Questions
Common questions about the housing market in Ocean County, New Jersey.
What is the median home price in Ocean County, New Jersey?
The median home price in Ocean County, New Jersey is $381,212, higher than the New Jersey average of $352,792.
What is the average home price in Ocean County, New Jersey?
The typical home price in Ocean County, New Jersey, reported as the median sale price, is $381,212. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Ocean County, New Jersey?
The median gross rent in Ocean County, New Jersey is $1,755 per month, higher than the New Jersey average of $1,719.
What was the median gross rent in Ocean County in 2020?
In 2020, the median gross rent in Ocean County, New Jersey was $1,458 per month.
What is the price-to-rent ratio in Ocean County, New Jersey?
The price-to-rent ratio in Ocean County, New Jersey is about 18.1, meaning it would take roughly 18.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ocean County.
Are home prices or rent rising faster in Ocean County, New Jersey?
Both home prices and rent are rising in Ocean County, up about 6.2% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ocean County, New Jersey?
66.4% of households in Ocean County, New Jersey own their home, higher than the New Jersey average of 59.1%.
What is the vacancy rate in Ocean County, New Jersey?
The housing vacancy rate in Ocean County, New Jersey is 17.7%, higher than the New Jersey average of 7.5%.
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