Ocean Grove, NJ Real Estate

According to census data in the year 2000 there were 3,149 housing units in Ocean Grove. This represents a 3.2% decline from 3,253 in 1990.

Of those housing units, 3,149 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 Grove is about 42.6%. Ocean Grove's vacancy rate, including seasonal lodging, is about 26.2%. Average household size is 1.66 people.

The majority of houses, apartments or condos in Ocean Grove were built after 1939.


Housing Size

Housing Units by Size
Studio Type7.80%
One Bedroom31.60%
Two Bedrooms28.40%
Three Bedrooms17.30%
Four Bedrooms8.60%
Five Bedrooms or more6.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.06
Median year structure was built1939
Median Value of occupied units$163,700
Median Price asked for vacant units$117,200

Rented Homes, Apartments and Condos

Average Household Size1.37
Median year structure was built1939
Median Monthly Rent asked for vacant units$567

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.70%
Home Equity Loan6.20%
Simple Mortgage36.40%
Debt Free54.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.6%