How much do homeowners pay a month in Ocean Township (Monmouth County), NJ?
Homeowners with a mortgage in Ocean Township (Monmouth County), NJ pay a median of $3,118 (±$130) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,475 (±$78).
61.7% of owned homes carry a mortgage.
In Ocean Township (Monmouth County), the median monthly cost with a mortgage went from $2,707 in 2015–2019 to $3,118 in 2020–2024 (+15.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $3,118 (±$130)
- Without a mortgage
- $1,475 (±$78)
- Owned with a mortgage
- 61.7%
Monthly owner costs in Ocean Township (Monmouth County)
| Ocean Township (Monmouth County) | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| With a mortgage | $3,118 (±$130) | $3,070 (±$36) | $2,829 (±$8) | $1,963 |
| Without a mortgage | $1,475 (±$78) | $1,342 (±$19) | $1,232 (±$6) | $638 |
| Owned homes with a mortgage | 61.7% (±4.0 points) | 64.0% (±0.9 points) | 63.9% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $10,000 or more | $10,000 or more | $9,590 (±$25) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Ocean Township (Monmouth County), the median cost with a mortgage is not measurably different from Monmouth County ($3,070).
It is also higher than in New Jersey ($2,829).
It is higher than the national figure ($1,963).
In Monmouth County, Ocean Township (Monmouth County) ranks 26 of 53 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 197 of 560.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Ocean Township (Monmouth County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,707 (±$87) | $3,118 (±$130) | +15.2% | Down after inflation |
| Median home value | $431,600 (±$8,554) | $678,300 (±$17,260) | +57.2% | Up 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 monthly cost with a mortgage in places near Ocean Township (Monmouth County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Ocean Township (Monmouth County) | — | $3,118 (±$130) | — |
| Interlaken Borough | 1.6 mi | $3,196 (±$247) | Not measurably different |
| Deal Borough | 1.8 mi | $4,000 or more | — |
| Allenhurst Borough | 2.0 mi | $3,625 (±$887) | Not measurably different |
| Loch Arbour Village | 2.3 mi | $3,667 (±$1,127) | Not measurably different |
| West Long Branch Borough | 2.4 mi | $3,076 (±$311) | Not measurably different |
| Asbury Park | 2.5 mi | $2,619 (±$371) | Lower |
| Eatontown Borough | 2.8 mi | $2,800 (±$121) | Lower |
| Neptune Township | 3.0 mi | $2,408 (±$85) | Lower |
Nearby places with a measurably lower figure: Asbury Park, NJ ($2,619), Eatontown Borough, NJ ($2,800), Neptune Township, NJ ($2,408).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Monmouth County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 20 | Bradley Beach Borough | $3,277 (±$505) |
| 21 | Manalapan Township | $3,251 (±$134) |
| 22 | Atlantic Highlands Borough | $3,241 (±$162) |
| 23 | Oceanport Borough | $3,224 (±$250) |
| 24 | Interlaken Borough | $3,196 (±$247) |
| 25 | Wall Township | $3,162 (±$99) |
| 26 | Ocean Township (Monmouth County) | $3,118 (±$130) |
| 27 | Middletown Township | $3,107 (±$98) |
| 28 | Belmar Borough | $3,096 (±$322) |
| 29 | West Long Branch Borough | $3,076 (±$311) |
| 30 | Lake Como Borough | $3,065 (±$256) |
| 31 | Spring Lake Heights Borough | $2,971 (±$268) |
| 32 | Matawan Borough | $2,952 (±$310) |
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 mortgage payment in Ocean Township (Monmouth County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Ocean Township (Monmouth County), NJ is $3,118 (±$130) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Ocean Township (Monmouth County)?
Owners without a mortgage in Ocean Township (Monmouth County) pay a median of $1,475 (±$78) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Ocean Township (Monmouth County) gone up?
In Ocean Township (Monmouth County), the median monthly cost with a mortgage went from $2,707 in 2015–2019 to $3,118 in 2020–2024 (+15.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Ocean township, Monmouth County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 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
- Median Value (B25077), 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) and detailed tables (acs/acs5) 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 B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
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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