What is the rental vacancy rate in Ocean Grove, NJ?
The rental vacancy rate in Ocean Grove, NJ is 14.7% (±10.8 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 2.0% (±3.3 points).
1,063 (±198) homes, 37.7% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Ocean Grove, the rental vacancy rate went from 4.9% in 2015–2019 to 14.7% in 2020–2024 (+9.8 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 14.7% (±10.8 points)
- Homeowner vacancy rate
- 2.0% (±3.3 points)
- Vacant homes
- 1,063 (±198)
Vacancy in Ocean Grove against Monmouth County, its state and the nation
| Ocean Grove | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 14.7% (±10.8 points) | 4.2% (±0.8 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 2.0% (±3.3 points) | 0.7% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 1,063 (±198) | 18,703 (±1,063) | 283,653 (±4,943) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Ocean Grove, the rental vacancy rate is not measurably different from Monmouth County (4.2%).
It is also higher than in New Jersey (3.5%).
It is not measurably different from the national figure (5.5%).
Rental vacancy rate in places near Ocean Grove
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Ocean Grove | — | 14.7% (±10.8 points) | — |
| Bradley Beach Borough | 0.8 mi | 6.6% (±4.6 points) | Not measurably different |
| Asbury Park | 0.8 mi | 3.0% (±1.8 points) | Lower |
| Loch Arbour Village | 1.5 mi | 0.0% (±100.0 points) | Not measurably different |
| Avon-by-the-Sea Borough | 1.5 mi | 1.6% (±2.5 points) | Lower |
| Neptune City Borough | 1.6 mi | 0.0% (±7.5 points) | Lower |
| Interlaken Borough | 1.6 mi | 0.0% (±72.8 points) | Not measurably different |
| Allenhurst Borough | 1.7 mi | 3.4% (±4.2 points) | Not measurably different |
| Wanamassa | 2.1 mi | 0.0% (±16.1 points) | Not measurably different |
Nearby places with a measurably lower figure: Asbury Park, NJ (3.0%), Avon-by-the-Sea Borough, NJ (1.6%), Neptune City Borough, NJ (0.0%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Monmouth County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | Belford | 36.6% (±40.0 points) |
| 2 | Ocean Grove | 14.7% (±10.8 points) |
| 3 | West Freehold | 7.5% (±11.4 points) |
| 4 (tie) | Cliffwood Beach | 0.0% (±38.1 points) |
| 4 (tie) | East Freehold | 0.0% (±31.4 points) |
| 4 (tie) | Fairview | 0.0% (±32.7 points) |
| 4 (tie) | Leonardo | 0.0% (±24.7 points) |
| 4 (tie) | Lincroft | 0.0% (±14.5 points) |
Showing 8 of 18 places in Monmouth County, ranked from highest to lowest.
Ocean Grove is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Neptune Township, whose figures include it.
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 Grove
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Ocean Grove, save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Ocean Grove beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Ocean Grove, and send estimates and invoices from your phone.
Questions about Ocean Grove
Is it hard to find a rental in Ocean Grove?
The rental vacancy rate in Ocean Grove, NJ is 14.7% (±10.8 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Ocean Grove tighter than it was?
In Ocean Grove, the rental vacancy rate went from 4.9% in 2015–2019 to 14.7% in 2020–2024 (+9.8 percentage points), not a measurable change.
How many homes are vacant in Ocean Grove?
An estimated 1,063 (±198) housing units, 37.7% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Ocean Grove CDP, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Ocean Grove CDP, New Jersey
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) for Ocean Grove CDP, New Jersey (place:54480, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
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 Grove at a glance
- Median rent in Ocean Grove
- Rent by bedrooms in Ocean Grove
- Rent burden in Ocean Grove
- Renters and owners in Ocean Grove
- Income and affordability in Ocean Grove
- Home values in Ocean Grove
- Homeowner costs in Ocean Grove
- Property taxes in Ocean Grove
- Types of homes in Ocean Grove
- Bedrooms in Ocean Grove
- Age of homes in Ocean Grove
- Heating fuel in Ocean Grove
- Commute and cars in Ocean Grove
- Population growth in Ocean Grove
- How long people stay in Ocean Grove
- Crowding and facilities in Ocean Grove
- Fair Market Rent in Ocean Grove
- New Jersey landlord and tenant rules
- Housing across Monmouth County
- New Jersey places ranked by rental vacancy rate
- Housing data for every place in New Jersey