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Ocean Acres, NJ Real Estate


According to census data in the year 2000 there were 4,987 housing units in Ocean Acres. This represents a 125.8% growth from 2,209 in 1990.

Of those housing units, 4,923 were located in either urbanized areas or urban clusters, and 64 were located in what is classified as a rural area.

Homeownership rate in Ocean Acres is about 94.5%. Ocean Acres's vacancy rate, including seasonal lodging, is about 5.2%. Average household size is 2.79 people.

The majority of houses, apartments or condos in Ocean Acres were built after 1992.

Statistics

Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom2.10%
Two Bedrooms16.90%
Three Bedrooms57.70%
Four Bedrooms20.20%
Five Bedrooms or more2.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.81
Median year structure was built1992
Median Value of occupied units$130,700
Median Price asked for vacant units$125,900

Rented Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1977
Median Monthly Rent asked for vacant units$617

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.40%
Home Equity Loan11.80%
Simple Mortgage55.30%
Debt Free25.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs23.3%