Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Ocean City area can be challenging. Home prices in Ocean City are now at a median cost of $607,454, higher than the New Jersey average of $388,929.
The average cost of rent is $1,459/mo in Ocean City, primarily driven by the current value of real estate in the Ocean City area. While nearly 45.83% of residents own their homes outright in Ocean City, 28.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ocean City is $8,077 per month. Households that rent pay about 18.06% of their income on rent here. Ocean City's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Somers Point, NJ: less expensive homes
- Marmora, NJ: less expensive homes
- Longport, NJ: equally priced homes
- Linwood, NJ: less expensive homes
- Margate City, NJ: less expensive homes
- Palermo, NJ: less expensive homes
- Strathmere, NJ: higher priced homes
- Northfield, NJ: less expensive homes
- Ocean View, NJ: less expensive homes
- Ventnor City, NJ: less expensive homes
Cities with Similar Populations
- Oxford, MA: less expensive homes
- Napoleon, OH: less expensive homes
- Natrona Heights, PA: less expensive homes
- New Haven, MI: less expensive homes
- New Market, AL: less expensive homes
- Newport Coast, CA: higher priced homes
- Newport, OR: less expensive homes
- Noble, OK: less expensive homes
- North Bellport, NY: less expensive homes
- North Smithfield, RI: less expensive homes
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