Cities With the Fastest Growing Home Prices in Ocean City Metro Area

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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 January 2023. The typical home value in the United States increased over the last year by +6.2% to $329,542. All 14 cities and towns with data available were included in the list.

1 / 14

Stacker

#14. Woodbine, NJ

- 1-year price change: +$1,785 (+0.7%)
- 5-year price change: +$83,023 (+47.0%)
- Typical home value: $259,718 (#14 most expensive city in metro)

2 / 14

Stacker

#13. Rio Grande, NJ

- 1-year price change: +$14,132 (+4.3%)
- 5-year price change: +$106,332 (+45.7%)
- Typical home value: $339,240 (#12 most expensive city in metro)

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Stacker

#12. Ocean View, NJ

- 1-year price change: +$15,121 (+4.2%)
- 5-year price change: +$118,803 (+45.6%)
- Typical home value: $379,397 (#9 most expensive city in metro)

4 / 14

Stacker

#11. Cape May Court House, NJ

- 1-year price change: +$16,334 (+4.9%)
- 5-year price change: +$115,178 (+49.8%)
- Typical home value: $346,386 (#11 most expensive city in metro)

5 / 14

Stacker

#10. Marmora, NJ

- 1-year price change: +$19,261 (+5.5%)
- 5-year price change: +$124,967 (+51.1%)
- Typical home value: $369,491 (#10 most expensive city in metro)

6 / 14

Stacker

#9. Villas, NJ

- 1-year price change: +$22,789 (+8.3%)
- 5-year price change: +$131,646 (+79.2%)
- Typical home value: $297,817 (#13 most expensive city in metro)

7 / 14

Stacker

#8. Ocean City, NJ

- 1-year price change: +$29,595 (+3.6%)
- 5-year price change: +$340,134 (+66.2%)
- Typical home value: $854,275 (#6 most expensive city in metro)

8 / 14

Stacker

#7. Cape May, NJ

- 1-year price change: +$38,368 (+7.4%)
- 5-year price change: +$225,488 (+68.2%)
- Typical home value: $556,304 (#7 most expensive city in metro)

9 / 14

Stacker

#6. Wildwood, NJ

- 1-year price change: +$38,930 (+8.5%)
- 5-year price change: +$207,283 (+72.2%)
- Typical home value: $494,370 (#8 most expensive city in metro)

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Stacker

#5. Sea Isle City, NJ

- 1-year price change: +$41,963 (+3.7%)
- 5-year price change: +$499,956 (+74.0%)
- Typical home value: $1,175,413 (#5 most expensive city in metro)

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Stacker

#4. Cape May Point, NJ

- 1-year price change: +$49,586 (+4.2%)
- 5-year price change: +$455,618 (+58.8%)
- Typical home value: $1,230,081 (#3 most expensive city in metro)

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Stacker

#3. Stone Harbor, NJ

- 1-year price change: +$128,830 (+6.3%)
- 5-year price change: +$1,010,440 (+88.0%)
- Typical home value: $2,158,379 (#2 most expensive city in metro)

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Stacker

#2. Avalon, NJ

- 1-year price change: +$145,131 (+6.6%)
- 5-year price change: +$1,179,530 (+102.7%)
- Typical home value: $2,327,792 (#1 most expensive city in metro)

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Stacker

#1. Strathmere, NJ

- 1-year price change: +$158,115 (+14.9%)
- 5-year price change: +$530,686 (+77.0%)
- Typical home value: $1,220,227 (#4 most expensive city in metro)