Cities with the fastest growing home prices in Ocean City metro area

Written by:
November 23, 2022
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Cities with the fastest growing home prices in Ocean City metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Ocean City, NJ metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 14 cities and towns with data available were included in the list.

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Stacker

#14. Woodbine, Woodbine

- 1-year price change: +$14,730 (+6.1%)
- 5-year price change: +$81,936 (+47.5%)
- Typical home value: $254,462 (#14 most expensive city in metro)
2 / 14
Stacker

#13. Ocean View, Ocean View

- 1-year price change: +$35,792 (+9.9%)
- 5-year price change: +$142,196 (+55.7%)
- Typical home value: $397,330 (#10 most expensive city in metro)
3 / 14
Stacker

#12. Marmora, Marmora

- 1-year price change: +$39,154 (+10.9%)
- 5-year price change: +$148,863 (+59.6%)
- Typical home value: $398,569 (#9 most expensive city in metro)
4 / 14
Stacker

#11. Rio Grande, Rio Grande

- 1-year price change: +$42,686 (+13.5%)
- 5-year price change: +$131,885 (+58.2%)
- Typical home value: $358,672 (#12 most expensive city in metro)
5 / 14
Stacker

#10. Villas, Villas

- 1-year price change: +$47,220 (+17.4%)
- 5-year price change: +$149,509 (+88.4%)
- Typical home value: $318,557 (#13 most expensive city in metro)

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Stacker

#9. Cape May Court House, Cape May Court House

- 1-year price change: +$47,225 (+14.6%)
- 5-year price change: +$136,976 (+58.6%)
- Typical home value: $370,779 (#11 most expensive city in metro)
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Stacker

#8. Cape May, Cape May

- 1-year price change: +$84,772 (+16.3%)
- 5-year price change: +$268,754 (+80.0%)
- Typical home value: $604,601 (#7 most expensive city in metro)
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Stacker

#7. Wildwood, Wildwood

- 1-year price change: +$87,945 (+19.3%)
- 5-year price change: +$242,331 (+80.3%)
- Typical home value: $543,938 (#8 most expensive city in metro)
9 / 14
Stacker

#6. Ocean City, Ocean City

- 1-year price change: +$158,051 (+19.4%)
- 5-year price change: +$430,165 (+79.5%)
- Typical home value: $971,058 (#6 most expensive city in metro)
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Stacker

#5. Cape May Point, Cape May Point

- 1-year price change: +$187,997 (+16.1%)
- 5-year price change: +$631,646 (+87.4%)
- Typical home value: $1,354,066 (#3 most expensive city in metro)

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Stacker

#4. Sea Isle City, Sea Isle City

- 1-year price change: +$211,253 (+19.4%)
- 5-year price change: +$600,452 (+85.7%)
- Typical home value: $1,301,473 (#5 most expensive city in metro)
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Stacker

#3. Strathmere, Strathmere

- 1-year price change: +$242,698 (+22.6%)
- 5-year price change: +$630,297 (+91.7%)
- Typical home value: $1,317,922 (#4 most expensive city in metro)
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Stacker

#2. Stone Harbor, Stone Harbor

- 1-year price change: +$406,830 (+17.7%)
- 5-year price change: +$1,266,364 (+88.3%)
- Typical home value: $2,700,544 (#2 most expensive city in metro)
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Stacker

#1. Avalon, Avalon

- 1-year price change: +$497,057 (+21.7%)
- 5-year price change: +$1,373,092 (+97.0%)
- Typical home value: $2,788,436 (#1 most expensive city in metro)

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