Ocean Grove, MA Real Estate
According to census data in the year 2000 there were 1,386 housing units in Ocean Grove.
This represents a 7.1% growth from 1,294 in 1990.
Of those housing units, 1,386 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Ocean Grove is about 79.2%.
Ocean Grove's vacancy rate, including seasonal lodging, is about 6.6%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Ocean Grove were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 14% |
| Two Bedrooms | 41.10% |
| Three Bedrooms | 35.30% |
| Four Bedrooms | 7.10% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $118,200 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.87 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 2.80% |
| Home Equity Loan | 10.10% |
| Simple Mortgage | 52.60% |
| Debt Free | 33.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.1% |
