Ocean Grove, NJ Real Estate
According to census data in the year 2000 there were 3,149 housing units in Ocean Grove.
This represents a 3.2% decline from 3,253 in 1990.
Of those housing units, 3,149 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 42.6%.
Ocean Grove's vacancy rate, including seasonal lodging, is about 26.2%.
Average household size is 1.66 people.
The majority of houses, apartments or condos in Ocean Grove were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 7.80% |
| One Bedroom | 31.60% |
| Two Bedrooms | 28.40% |
| Three Bedrooms | 17.30% |
| Four Bedrooms | 8.60% |
| Five Bedrooms or more | 6.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $163,700 |
| Median Price asked for vacant units | $117,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.37 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $567 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.70% |
| Home Equity Loan | 6.20% |
| Simple Mortgage | 36.40% |
| Debt Free | 54.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.6% |
