Market Overview
Home Prices in Ocean Gate, NJ
The median home value in Ocean Gate, NJ is $457,621 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ocean Gate are priced12% above average. Ocean Gate is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Ocean Gate home values have risen by approximately48.8%, reflecting strong long-term appreciation in this market.
Price History
Ocean Gate Home Price Trend
City Comparison
Ocean Gate vs. National Median
At $457,621, homes in Ocean Gate cost 12% above the national median of $410,000. Buyers in Ocean Gate should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ocean Gate?
20% Down Payment
$91,524
on $457,621
Monthly P&I
$2,387/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,031/mo
incl. taxes & insurance
Income Needed
$121,240
gross annual (30% rule)
10% Down Option
$45,762
+ PMI applies
Loan Amount (20% dn)
$366,097
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 Gate, NJ?
The median home value in Ocean Gate is $457,621 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Ocean Gate?
Over the past year, home values in Ocean Gate have increased by 5.1%. Over five years, prices have risen approximately 48.8%.
How much do I need to earn to buy a home in Ocean Gate?
To comfortably afford the median home price of $457,621 with a 20% down payment ($91,524) at today's rates (6.8%), you'd need a gross annual income of approximately $121,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Ocean Gate compare to the national average home price?
The national median home value is approximately $410,000. At $457,621, homes in Ocean Gate are 12% above the national average.
What metro area is Ocean Gate part of?
Ocean Gate is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.