Ocean City, NJ Real Estate
According to census data in the year 2000 there were 20,298 housing units in Ocean City.
This represents a 7.5% growth from 18,880 in 1990.
Of those housing units, 20,298 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Ocean City is about 62%.
Ocean City's vacancy rate, including seasonal lodging, is about 63.2%.
Average household size is 2.02 people.
The majority of houses, apartments or condos in Ocean City were built after 1961.
|Housing Units by Size|
|Five Bedrooms or more||5.80%|
Owned Homes, Apartments and Condos
|Average Household Size||2.22|
|Median year structure was built||1962|
|Median Value of occupied units||$224,700|
|Median Price asked for vacant units||$204,200|
Rented Homes, Apartments and Condos
|Average Household Size||1.69|
|Median year structure was built||1960|
|Median Monthly Rent asked for vacant units||$729|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||7.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||20.4%|