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1 / 15#15. Woodbine, NJ
- Typical home value: $334,407
- 1-year price change: +2.7%
- 5-year price change: +20.1%
Cities with the most expensive homes in the Ocean City metro area
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Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
compiled a list of cities with the most expensive homes in the Ocean City metro area using data from . Charts show the monthly typical home value since January 2018. All 15 cities and towns with data available were included in the list.
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2 / 15#14. Villas, NJ
- Typical home value: $410,048
- 1-year price change: +4.9%
- 5-year price change: +38.0%
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3 / 15#13. Rio Grande, NJ
- Typical home value: $437,344
- 1-year price change: +4.7%
- 5-year price change: +37.4%
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4 / 15#12. Cape May Court House, NJ
- Typical home value: $459,275
- 1-year price change: +3.9%
- 5-year price change: +32.5%
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5 / 15#11. Ocean View, NJ
- Typical home value: $480,136
- 1-year price change: +6.3%
- 5-year price change: +36.3%
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6 / 15#10. Marmora, NJ
- Typical home value: $506,485
- 1-year price change: +7.0%
- 5-year price change: +41.0%
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7 / 15#9. Wildwood, NJ
- Typical home value: $639,305
- 1-year price change: +8.9%
- 5-year price change: +48.4%
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8 / 15#8. North Wildwood, NJ
- Typical home value: $685,974
- 1-year price change: +11.6%
- 5-year price change: +50.0%
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9 / 15#7. Cape May, NJ
- Typical home value: $745,433
- 1-year price change: +8.1%
- 5-year price change: +37.4%
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10 / 15#6. Ocean City, NJ
- Typical home value: $1,128,692
- 1-year price change: +10.1%
- 5-year price change: +27.2%
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11 / 15#5. Sea Isle City, NJ
- Typical home value: $1,525,963
- 1-year price change: +11.7%
- 5-year price change: +30.6%
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12 / 15#4. Cape May Point, NJ
- Typical home value: $1,633,580
- 1-year price change: +14.3%
- 5-year price change: +37.7%
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13 / 15#3. Strathmere, NJ
- Typical home value: $1,661,701
- 1-year price change: +11.2%
- 5-year price change: +53.3%
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14 / 15#2. Stone Harbor, NJ
- Typical home value: $2,617,838
- 1-year price change: +12.8%
- 5-year price change: +35.5%
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15 / 15#1. Avalon, NJ
- Typical home value: $2,774,179
- 1-year price change: +7.0%
- 5-year price change: +27.2%
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