Ocean City, New Jersey

Population

Down 1.1% since 2020.

11,101

people, the 100th-largest of New Jersey's cities and towns.

Census Population Estimates, 2025. Rank among New Jersey's cities and towns computed by the Almanac. Sources: Census Population Estimates

The workday

8 in 10 jobs here go to people who live somewhere else.

81.0%

of 4,555 jobs located in Ocean City are filled by in-commuters.

Census LEHD LODES, 2023. Sources: Census LEHD LODES

Rent

Median rent is up 80% since the 2005–2009 survey, before inflation.

$1,683

a month. New Jersey's median is $1,720.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

The seam

Cross one tract line and median rent doubles.

A $2,678 gap between neighbors, the sharpest rent edge between adjacent tracts in Cape May County.

• $823 Tract 217.01
• $3,501 Tract 218.05

Census ACS 5-year, 2020-2024, adjacent tracts compared by the Almanac. Tract estimates carry wide margins of error. Sources: Census ACS 5-year

Room to build

The median rent is above what local wages can carry.

$891–$1,337

is the monthly rent range local workforce wages support.

• $1,683 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

73% of the housing here was built before 2000.

• 1,845 homes permitted in ten years, 2016–2025
• 51% of those were in multifamily buildings
• 73% of all homes were built before 2000

Census Building Permits Survey, 2016–2025; Census ACS 5-year, 2020-2024. Sources: Census Building Permits Survey, Census ACS 5-year

Units needed

Closing the gap would add 0.1–0.2% to the 21,191 homes here.

13–46

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 85% more than New Jersey's.

$840,500

median home value in Ocean City.

• $840,500 Ocean City
• $454,400 New Jersey
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year