What is the median home value in Ocean Township (Monmouth County), NJ?
The median value of owner-occupied homes in Ocean Township (Monmouth County), NJ is $678,300 (±$17,260), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Ocean Township (Monmouth County), the median home value went from $431,600 in 2015–2019 to $678,300 in 2020–2024 (+57.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median home value
- $678,300 (±$17,260)
- Owner-occupied homes
- 6,872 (±358)
- Most common range
- $500,000 to $999,999
Home values in Ocean Township (Monmouth County)
| Value | Ocean Township (Monmouth County) | Monmouth County | New Jersey | United States |
|---|---|---|---|---|
| Less than $50,000 | 1.1% (±1.0 points) | 1.8% | 2.5% | 5.3% |
| $50,000 to $99,999 | 1.1% (±1.0 points) | 1.3% | 1.8% | 6.1% |
| $100,000 to $149,999 | 0.0% (±0.7 points) | 0.9% | 2.2% | 6.8% |
| $150,000 to $199,999 | 0.0% (±0.7 points) | 1.3% | 4.3% | 9.0% |
| $200,000 to $299,999 | 0.3% (±0.4 points) | 4.7% | 12.9% | 17.8% |
| $300,000 to $499,999 | 19.2% (±3.1 points) | 26.7% | 34.2% | 26.9% |
| $500,000 to $999,999 | 64.3% (±4.6 points) | 49.2% | 34.5% | 20.9% |
| $1,000,000 or more | 14.1% (±3.1 points) | 14.1% | 7.6% | 7.1% |
The most common range is $500,000 to $999,999, 64.3% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Ocean Township (Monmouth County) against Monmouth County, its state and the nation
| Ocean Township (Monmouth County) | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Median home value | $678,300 (±$17,260) | $606,100 (±$5,540) | $454,400 (±$1,150) | $332,700 |
| Owner-occupied homes | 6,872 (±358) | 190,173 (±1,568) | 2,239,128 (±10,678) | 84,210,142 |
In Ocean Township (Monmouth County), the median home value is higher than in Monmouth County ($606,100).
It is also higher than in New Jersey ($454,400).
It is higher than the national figure ($332,700).
In Monmouth County, Ocean Township (Monmouth County) ranks 27 of 53 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 121 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Ocean Township (Monmouth County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $431,600 (±$8,554) | $678,300 (±$17,260) | +57.2% | Up after inflation |
| Median owner cost with a mortgage | $2,707 (±$87) | $3,118 (±$130) | +15.2% | Down 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.
Median home value in places near Ocean Township (Monmouth County)
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Ocean Township (Monmouth County) | — | $678,300 (±$17,260) | — |
| Interlaken Borough | 1.6 mi | $1,058,200 (±$52,812) | Higher |
| Deal Borough | 1.8 mi | $1,642,000 (±$547,941) | Higher |
| Allenhurst Borough | 2.0 mi | $1,152,800 (±$107,950) | Higher |
| Loch Arbour Village | 2.3 mi | $1,375,000 (±$308,453) | Higher |
| West Long Branch Borough | 2.4 mi | $684,300 (±$29,501) | Not measurably different |
| Asbury Park | 2.5 mi | $581,100 (±$73,093) | Lower |
| Eatontown Borough | 2.8 mi | $492,400 (±$29,129) | Lower |
| Neptune Township | 3.0 mi | $455,900 (±$18,017) | Lower |
Nearby places with a measurably lower figure: Asbury Park, NJ ($581,100), Eatontown Borough, NJ ($492,400), Neptune Township, NJ ($455,900).
Nearby places with a measurably higher figure: Interlaken Borough, NJ ($1,058,200), Deal Borough, NJ ($1,642,000), Allenhurst Borough, NJ ($1,152,800).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Monmouth County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 21 | Millstone Township | $737,400 (±$63,585) |
| 22 | Spring Lake Heights Borough | $721,100 (±$52,193) |
| 23 | Wall Township | $720,400 (±$36,062) |
| 24 | Upper Freehold Township | $710,400 (±$50,680) |
| 25 | Marlboro Township | $701,200 (±$29,104) |
| 26 | West Long Branch Borough | $684,300 (±$29,501) |
| 27 | Ocean Township (Monmouth County) | $678,300 (±$17,260) |
| 28 | Manalapan Township | $655,500 (±$21,241) |
| 29 | Lake Como Borough | $634,500 (±$46,403) |
| 30 | Atlantic Highlands Borough | $628,100 (±$40,316) |
| 31 | Middletown Township | $608,300 (±$14,305) |
| 32 | Asbury Park | $581,100 (±$73,093) |
| 33 | Long Branch | $574,000 (±$38,890) |
Showing 13 of 53 places in Monmouth County, ranked from highest to lowest.
The figures for Ocean Township (Monmouth County) include the places inside it that have pages of their own: Oakhurst, Wanamassa.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Ocean Township (Monmouth County)
What is the average home value in Ocean Township (Monmouth County), NJ?
The Census Bureau publishes the median: $678,300 (±$17,260) for owner-occupied homes in Ocean Township (Monmouth County) (2020–2024 American Community Survey).
Have home values in Ocean Township (Monmouth County) gone up?
In Ocean Township (Monmouth County), the median home value went from $431,600 in 2015–2019 to $678,300 in 2020–2024 (+57.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Is this what homes in Ocean Township (Monmouth County) sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Ocean township, Monmouth County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Ocean township, Monmouth County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Ocean township, Monmouth County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Ocean township, Monmouth 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) for Ocean township, Monmouth County, New Jersey (county subdivision:54270, in state:34 county:025).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
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 .
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