What percentage of people rent in Ocean City, NJ?
27.3% (±5.1 points) of the occupied homes in Ocean City, NJ are rented (2020–2024 American Community Survey).
That is 1,554 renting households against 4,135 that own their home.
In Ocean City, the share of households that rent went from 28.7% in 2015–2019 to 27.3% in 2020–2024 (−1.4 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 27.3% (±5.1 points)
- Renting households
- 1,554 (±320)
- Median renter income
- $40,735 (±$12,510)
Who rents and who owns in Ocean City
| Ocean City | Cape May County | New Jersey | United States | |
|---|---|---|---|---|
| Renter-occupied share | 27.3% (±5.1 points) | 19.7% (±1.5 points) | 36.2% (±0.2 points) | 34.8% |
| Renting households | 1,554 (±320) | 8,831 (±694) | 1,268,573 (±8,082) | 45,017,354 |
| Owning households | 4,135 (±280) | 36,053 (±805) | 2,239,128 (±10,678) | 84,210,142 |
| Average renter household size | 1.9 (±0.3) | 1.9 (±0.1) | 2.4 (±0.0) | 2.3 |
| Average owner household size | 2.0 (±0.1) | 2.1 (±0.0) | 2.8 (±0.0) | 2.6 |
| Median renter household income | $40,735 (±$12,510) | $50,917 (±$6,072) | $62,674 (±$718) | $52,966 |
| Median owner household income | $130,861 (±$14,088) | $101,937 (±$3,864) | $133,477 (±$624) | $100,009 |
In Ocean City, the renter share is higher than in Cape May County (19.7%).
It is also lower than in New Jersey (36.2%).
It is lower than the national figure (34.8%).
In Cape May County, Ocean City ranks 4 of 16 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 234 of 564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Ocean City has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 28.7% (±3.6 points) | 27.3% (±5.1 points) | −1.4 percentage points | Not a measurable change |
| Median gross rent | $1,264 (±$103) | $1,683 (±$216) | +33.1% | No measurable change after inflation |
| Median household income | $81,076 (±$7,969) | $101,782 (±$11,565) | +25.5% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Ocean City
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Ocean City | — | 27.3% (±5.1 points) | — |
| Beesleys Point | 1.9 mi | 0.0% (±7.9 points) | Lower |
| Marmora | 3.2 mi | 11.8% (±8.4 points) | Lower |
| Somers Point | 3.3 mi | 47.6% (±4.9 points) | Higher |
| Longport Borough | 4.8 mi | 9.0% (±5.1 points) | Lower |
| Palermo | 5.2 mi | 2.1% (±2.6 points) | Lower |
| Linwood | 5.4 mi | 6.1% (±2.5 points) | Lower |
| Corbin City | 6.1 mi | 13.6% (±8.4 points) | Lower |
| Margate City | 6.5 mi | 10.0% (±3.6 points) | Lower |
Nearby places with a measurably lower figure: Beesleys Point, NJ (0.0%), Marmora, NJ (11.8%), Longport Borough, NJ (9.0%).
Nearby places with a measurably higher figure: Somers Point, NJ (47.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Cape May County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Wildwood | 56.5% (±7.2 points) |
| 2 | Woodbine Borough | 44.6% (±10.0 points) |
| 3 | Cape May | 35.5% (±8.3 points) |
| 4 | Ocean City | 27.3% (±5.1 points) |
| 5 | Middle Township | 19.3% (±4.9 points) |
| 6 | Wildwood Crest Borough | 18.7% (±7.6 points) |
| 7 | North Wildwood | 16.3% (±6.6 points) |
| 8 | Lower Township | 16.0% (±2.7 points) |
| 9 | West Cape May Borough | 14.8% (±5.5 points) |
| 10 | Dennis Township | 11.8% (±5.2 points) |
Showing 10 of 16 places in Cape May County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Ocean City
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Questions about Ocean City
How many renters are there in Ocean City?
Ocean City has an estimated 1,554 (±320) renting households, 27.3% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Ocean City?
In Ocean City, the share of households that rent went from 28.7% in 2015–2019 to 27.3% in 2020–2024 (−1.4 percentage points), not a measurable change.
How big are renting households in Ocean City?
A renting household in Ocean City has 1.9 people on average, against 2.0 in an owned home.
How much do renters earn in Ocean City?
The median renting household in Ocean City, NJ has an income of $40,735 (±$12,510) a year, against $130,861 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Ocean City city, Cape May County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Ocean City city, Cape May County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Ocean City city, Cape May County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Ocean City city, Cape May County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Ocean City city, Cape May County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Ocean City city, Cape May County, New Jersey (county subdivision:54360, in state:34 county:009).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Ocean City at a glance
- Median rent in Ocean City
- Rent by bedrooms in Ocean City
- Rent burden in Ocean City
- Income and affordability in Ocean City
- Home values in Ocean City
- Homeowner costs in Ocean City
- Property taxes in Ocean City
- Types of homes in Ocean City
- Bedrooms in Ocean City
- Age of homes in Ocean City
- Vacancy rate in Ocean City
- Heating fuel in Ocean City
- Commute and cars in Ocean City
- Crime reported to police in Ocean City
- Population growth in Ocean City
- How long people stay in Ocean City
- Crowding and facilities in Ocean City
- New Jersey landlord and tenant rules
- Housing across Cape May County
- New Jersey places ranked by share of renters
- Housing data for every place in New Jersey