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These days, finding an affordable place to live in the Ocean Grove area can be challenging. Home prices in Ocean Grove are now at a median cost of $795,937, higher than the New Jersey average of $496,577.
The average cost of rent is $1,819/mo in Ocean Grove, primarily driven by the current value of real estate in the Ocean Grove area. In Ocean Grove, 36.26% of households rent, and 57.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ocean Grove is $7,837 per month. Households that rent pay about 23.20% of their income on rent here. Ocean Grove’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bradley Beach, NJ: higher priced homes
- Avon-by-the-Sea, NJ: higher priced homes
- Neptune City, NJ: less expensive homes
- Loch Arbour, NJ: higher priced homes
- Interlaken, NJ: higher priced homes
- Allenhurst, NJ: higher priced homes
- Wanamassa, NJ: less expensive homes
- Asbury Park, NJ: less expensive homes
- Shark River Hills, NJ: less expensive homes
- Neptune, NJ: less expensive homes
Cities with Similar Populations
- Hotchkiss, CO: less expensive homes
- Ruidoso Downs, NM: less expensive homes
- Julian, CA: less expensive homes
- Juliff, TX: less expensive homes
- Ashaway, RI: less expensive homes
- Lewistown, IL: less expensive homes
- North Bennington, VT: less expensive homes
- Parkman, OH: less expensive homes
- Pierce, NE: less expensive homes
- Pine, CO: less expensive homes
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