Market Overview
Home Prices in Ocean City, NJ
The median home value in Ocean City, NJ is $1,114,173 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.2% compared to a year ago and down 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ocean City are priced172% above average. Ocean City is part of the Ocean City, NJ metro area.
Over the past five years, Ocean City home values have risen by approximately32.3%, reflecting strong long-term appreciation in this market.
Price History
Ocean City Home Price Trend
City Comparison
Ocean City vs. National Median
At $1,114,173, homes in Ocean City cost 172% above the national median of $410,000. Buyers in Ocean City should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ocean City?
20% Down Payment
$222,835
on $1,114,173
Monthly P&I
$5,811/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,380/mo
incl. taxes & insurance
Income Needed
$295,200
gross annual (30% rule)
10% Down Option
$111,417
+ PMI applies
Loan Amount (20% dn)
$891,338
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Ocean City, NJ?
The median home value in Ocean City is $1,114,173 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.2% year-over-year.
How much have home prices changed in Ocean City?
Over the past year, home values in Ocean City have increased by 8.2%. Over five years, prices have risen approximately 32.3%.
How much do I need to earn to buy a home in Ocean City?
To comfortably afford the median home price of $1,114,173 with a 20% down payment ($222,835) at today's rates (6.8%), you'd need a gross annual income of approximately $295,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Ocean City compare to the national average home price?
The national median home value is approximately $410,000. At $1,114,173, homes in Ocean City are 172% above the national average.
What metro area is Ocean City part of?
Ocean City is part of the Ocean City, NJ metropolitan area. Home prices and market conditions can vary across the broader metro region.