Ocean Gate, NJ housing market
The typical Ocean Gate home is worth about $452,000, up 5% in a year, 22% below the New Jersey typical home.
Home values, sales, trends and how Ocean Gate compares with the towns next door — updated as new data is published.
Ocean Gate at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Ocean Gate | New Jersey |
|---|---|---|
| 2017 | $197,000 | $317,000 |
| 2018 | $206,000 | $330,000 |
| 2019 | $213,000 | $343,000 |
| 2020 | $232,000 | $358,000 |
| 2021 | $267,000 | $394,000 |
| 2022 | $319,000 | $441,000 |
| 2023 | $353,000 | $471,000 |
| 2024 | $398,000 | $511,000 |
| 2025 | $431,000 | $551,000 |
| 2026 | $441,000 | $568,000 |
| August 2026 | $452,000 | $580,000 |
8 new homes permitted in 2025
Builders were permitted 8 new homes in Ocean Gate in 2025, all single-family houses, worth about $1.5 million to build. That's 5 per 1,000 residents, faster than across New Jersey (3.1). Over the past 10 years, Ocean Gate has permitted 69 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Ocean Gate's population fell by 79 even though 72 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 36% of Ocean Gate's homes are seasonal or vacation homes, which adds housing without adding residents. Across New Jersey: 2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 7 | 7 | 0 | $1.3 million |
| 2025 | 8 | 8 | 0 | $1.5 million |
| 2024 | 9 | 9 | 0 | $1.8 million |
| 2023 | 6 | 6 | 0 | $1.2 million |
| 2022 | 8 | 8 | 0 | $1.6 million |
| 2021 | 7 | 7 | 0 | $1.4 million |
| 2020 | 4 | 4 | 0 | $449,000 |
| 2019 | 9 | 9 | 0 | $1.5 million |
| 2018 | 8 | 8 | 0 | $947,000 |
| 2017 | 3 | 3 | 0 | $201,000 |
| 2016 | 7 | 7 | 0 | $1.1 million |
| 2015 | 13 | 13 | 0 | $1.2 million |
| 2014 | 10 | 10 | 0 | $1.8 million |
| 2013 | 12 | 12 | 0 | $1.9 million |
| 2012 | 3 | 3 | 0 | $847,000 |
| 2011 | 2 | 2 | 0 | $159,000 |
| 2010 | 5 | 5 | 0 | $528,000 |
| 2009 | 3 | 3 | 0 | $566,000 |
| 2008 | 4 | 4 | 0 | $758,000 |
| 2007 | 6 | 6 | 0 | $1.3 million |
| 2006 | 3 | 3 | 0 | $519,000 |
| 2005 | 17 | 17 | 0 | $972,000 |
| 2004 | 2 | 2 | 0 | $193,000 |
| 2003 | 7 | 7 | 0 | $784,000 |
| 2002 | 5 | 5 | 0 | $606,000 |
| 2001 | 7 | 7 | 0 | $475,000 |
| 2000 | 0 | 0 | 0 | — |
Ocean Gate's permit office reported 3 of 12 months in 2025; the Census estimated the rest.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
6.5 years of income
The typical Ocean Gate home costs about 6.5 years of the town's median household income, more than across New Jersey (5.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,610
HUD's Fair Market Rent for a two-bedroom in Ocean Gate is $2,610 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Ocean Gate pay a median of $1,604, so moving in tends to cost more than staying put. A two-bedroom takes about 45% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,880 · 4 bedrooms $3,780
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (08740; Monmouth-Ocean, NJ HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.