ZIP 08406 · Ventnor City, New Jersey

Population

8,972 people call ZIP 08406 home.

8,972

people.

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

Rent

Median rent is up 30% since the 2010–2014 survey, before inflation.

$1,406

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

Room to build

The median rent is above what local wages can carry.

$865–$1,298

is the monthly rent range local workforce wages support.

• $1,406 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

Most of the housing here is older than 2000.

• 91% of all homes were built before 2000

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

Units needed

Closing the gap would add 0.2% to the 8,250 homes here.

14

is the estimated number of missing housing units; all three estimates agree.

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 20% less than New Jersey's.

$363,000

median home value in ZIP 08406.

• $363,000 ZIP 08406
• $454,400 New Jersey
• $332,700 U.S.

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