US5.com
  1. Home
  2. States
  3. New Jersey
  4. ZIP 07756
  5. Housing & Real Estate
Ocean Grove CDP, NJ

ZIP 07756 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07756

Median Home Value
$764,200
Median Rent
$1,203
Affordability Snapshot
$210,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,909/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

10.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

52.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07756 in Ocean Grove CDP, NJ, a household would need roughly $210,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,909. That is about 182% above the local median household income ($74,410), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 39% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
61.7%-6% vs US avg
x
Vacancy Rate
39.4%+282% vs US avg
x
Broadband Access
90.0%+3% vs US avg
x
4+ Bedrooms
7.7%-48% vs US avg
x
Built Pre-1939
6.2%-51% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
20.8%-58% vs US avg
x
Mortgage-Free
62.8%+64% vs US avg
x
$764,200
Home Value
$1,203
Rent
1938
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached56.1%
  • 1-unit attached8.3%
  • 2-9 units27.3%
  • 10+ units8.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$764,200
Median rent$1,203
Owner-occupied61.7%
Vacant39.4%
Price-to-income10.3x
Est. income to buy$210,000