What is the median home value in Ocean County, NJ?

The median home value in Ocean County, NJ is $366,600, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Ocean County, NJ?

The cap rate proxy in Ocean County, NJ is 7.6% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is above average for cash-flow investors.

How much new construction is happening in Ocean County, NJ?

Ocean County has 646,434 residents and issued 3,107 building permits over the trailing twelve months, according to the Census Building Permits Survey.

New York-Newark-Jersey City, NY-NJ-PA · New Jersey

Ocean County

646,434 residents3,107 permits TTM$86,411 median HHI29 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$366,600

ACS 5-Year

Cap rate proxy

7.6%

FMR × 0.65 ÷ Home Value

Rent-to-income

23.6%

HUD FMR ÷ ACS HHI

Net migration

+1.84%

IRS SOI

Permits (TTM)

3,107

Census BPS

Climate risk

96.2

FEMA NRI (0–100)

ZIP code breakdown29 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
08733	$357,300	$2,180	7.3%	5.6%	21.9%
08740	$366,600county est.	$2,610	8.5%	5.6%	34.8%
08759	$274,053	$1,790	7.8%	7.4%	4.9%
08722	$455,950	$2,740	7.2%	4.4%	37.9%
08087	$407,557	$2,310	6.8%	6.6%	2.1%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$338,863	$2,280	8.1%	9.7%	-21.7%
$513,944	$2,130	5.0%	7.7%	-58.1%
$517,437	$2,180	5.1%	7.3%	-46.8%
$501,037	$2,240	5.4%	6.7%	-26.5%
$490,537	$2,480	6.1%	6.4%	-6.8%
$498,043	$2,390	5.8%	6.2%	-10.4%
$522,738	$2,300	5.3%	6.0%	-15.9%
$622,688	$2,370	4.6%	6.0%	-33.0%
$701,747	$1,850	3.2%	5.7%	-84.1%
$366,600county est.	$2,230	7.3%	5.6%	23.7%
$366,600county est.	$2,200	7.2%	5.6%	22.6%
$826,164	$2,510	3.6%	5.3%	-47.6%
$568,983	$2,030	4.3%	4.8%	-13.8%
$484,603	$2,780	6.9%	4.2%	38.8%
$505,909	$1,940	4.6%	4.0%	12.3%
$537,801	$2,080	4.6%	3.8%	18.2%
$548,698	$2,300	5.0%	3.7%	26.0%
$555,813	$2,010	4.3%	3.7%	15.3%
$549,747	$2,320	5.1%	3.6%	26.6%
$577,561	$2,450	5.1%	3.5%	30.5%
$1,134,305	$2,260	2.4%	3.5%	-47.7%
$826,307	$1,960	2.8%	2.4%	13.2%
$1,845,805	$2,260	1.5%	1.1%	24.7%
$2,107,388	$2,670	1.5%	1.0%	-386.9%

Demographics

Owner-occupied

80.2%

Census ACS

Vacancy rate

18.2%

Census ACS

Bachelor's degree +

33.7%

Census ACS

Rent burdened

54.8%

Census ACS (>30% income)

Median age

41.4

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Ocean County

See all 29 ZIPs ranked by yield and cap rate