Ocean City, NJ · New Jersey
Cape May County
95,236 residents846 permits TTM$88,046 median HHI16 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$395,000
ACS 5-Year
Cap rate proxy
4.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.3%
HUD FMR ÷ ACS HHI
Net migration
+1.88%
IRS SOI
Permits (TTM)
846
Census BPS
Climate risk
91.0
FEMA NRI (0–100)
ZIP code breakdown16 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 08270 | — | — | — | 5.0% | 15.5% |
| 08245 | — | — | — | 4.1% | 15.5% |
| 08246 | — | — | — | 4.1% | 15.5% |
| 08251 | — | — | — | 4.1% | 15.5% |
| 08242 | — | — | — | 3.8% | 15.5% |
Ranked by composite score
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Demographics
Owner-occupied
79.3%
Census ACS
Vacancy rate
55.5%
Census ACS
Bachelor's degree +
37.4%
Census ACS
Rent burdened
50.7%
Census ACS (>30% income)
Median age
51.4
Census ACS
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