Ocean Gate, NJ Real Estate
According to census data in the year 2000 there were 1,152 housing units in Ocean Gate.
This represents a 9.5% growth from 1,052 in 1990.
Of those housing units, 1,152 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 Gate is about 69.5%.
Ocean Gate's vacancy rate, including seasonal lodging, is about 27.8%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in Ocean Gate were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 7.30% |
| Two Bedrooms | 36.90% |
| Three Bedrooms | 40.20% |
| Four Bedrooms | 10.20% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $101,500 |
| Median Price asked for vacant units | $100,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.3 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $817 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 10.50% |
| Simple Mortgage | 49.40% |
| Debt Free | 34.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 24.3% |
