Ocean County, New Jersey Housing Market
In Ocean County, New Jersey, the median home value is $398,400, with a median monthly rent of $1,755. This places Ocean County at #288 nationally out of 3134 counties by median home value, and #12 within New Jersey.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,087
- Establishments: 15,916
- BLS QCEW, 2025
Housing Supply
- Single-family: 2,372
- Multi-family: 459
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 257,190 (avg $91,670)
- Outflow: 251,805 (avg $91,308)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Ocean County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 08752 | 471.8 | +19.74% | 2025 |
| 2 | 08751 | 584.5 | +13.11% | 2025 |
| 3 | 08735 | 410.0 | — | 2025 |
| 4 | 08701 | 558.0 | +14.62% | 2025 |
| 5 | 08758 | 407.5 | +16.65% | 2025 |
| 6 | 08741 | 352.7 | -0.50% | 2025 |
| 7 | 08092 | 306.4 | +7.82% | 2025 |
| 8 | 08742 | 380.0 | +10.07% | 2025 |
| 9 | 08757 | 404.0 | +9.60% | 2025 |
| 10 | 08732 | 324.1 | +3.31% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Ocean County Compares
| Metric | Ocean County | New Jersey Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $398,400 | $430,014 | $227,706 |
| Median Gross Rent | $1,755 | $1,634 | $968 |
| Owner Occupancy Rate | 80.7% | 68.3% | 73.3% |
| Price/Rent Ratio | 18.9 | 21.6 | 18.7 |
Market Analysis
The median home value in Ocean County is 7.4% below the New Jersey state average and 75.0% above the U.S. national average. The median rent of $1,755/month is 7.4% above the state average.
With a price-to-rent ratio of 18.9, the buy-vs-rent decision in Ocean County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Ocean County has an owner-occupancy rate of 80.7%, compared to 68.3% in New Jersey and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Waukesha County | Wisconsin | $398,200 | $1,356 |
| Cowlitz County | Washington | $397,500 | $1,206 |
| Hays County | Texas | $399,800 | $1,495 |
| Wahkiakum County | Washington | $396,800 | $853 |
| Poquoson city | Virginia | $400,300 | $1,707 |
Other Counties in New Jersey
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mercer County | $377,700 | $1,623 | 62.2% |
| Sussex County | $369,400 | $1,585 | 83.7% |
| Cape May County | $434,600 | $1,360 | 80.3% |
| Burlington County | $354,000 | $1,745 | 76.1% |
| Warren County | $346,500 | $1,409 | 75.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).