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

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June 29, 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 not 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 May 2022. The charts in this story were created automatically using Matplotlib. The typical home value in the United States increased over the last year by +20.9% to $334,141. All 19 cities and towns with data available were included in the list.

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Stacker

#19. Woodbine, NJ

- 1-year price change: +$40,130 (+18.1%)
- 5-year price change: +$92,818 (+55.0%)
- Typical home value: $261,724 (#19 most expensive city in metro)
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Stacker

#18. Erma, NJ

- 1-year price change: +$61,919 (+21.2%)
- 5-year price change: +$137,019 (+63.1%)
- Typical home value: $354,322 (#17 most expensive city in metro)
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Stacker

#17. Rio Grande, NJ

- 1-year price change: +$66,035 (+22.5%)
- 5-year price change: +$134,401 (+59.8%)
- Typical home value: $359,227 (#16 most expensive city in metro)
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Stacker

#16. Villas, NJ

- 1-year price change: +$71,764 (+28.8%)
- 5-year price change: +$151,037 (+89.0%)
- Typical home value: $320,825 (#18 most expensive city in metro)
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Stacker

#15. Cape May Court House, NJ

- 1-year price change: +$73,890 (+25.2%)
- 5-year price change: +$134,695 (+57.9%)
- Typical home value: $367,480 (#15 most expensive city in metro)
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#14. West Wildwood, NJ

- 1-year price change: +$87,184 (+28.9%)
- 5-year price change: +$159,716 (+69.6%)
- Typical home value: $389,057 (#14 most expensive city in metro)
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Stacker

#13. North Cape May, NJ

- 1-year price change: +$96,573 (+26.3%)
- 5-year price change: +$230,848 (+99.1%)
- Typical home value: $463,760 (#13 most expensive city in metro)
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Stacker

#12. Cape May, NJ

- 1-year price change: +$115,528 (+24.3%)
- 5-year price change: +$257,444 (+77.1%)
- Typical home value: $591,262 (#10 most expensive city in metro)
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Stacker

#11. North Wildwood, NJ

- 1-year price change: +$122,152 (+29.5%)
- 5-year price change: +$234,436 (+77.9%)
- Typical home value: $535,536 (#11 most expensive city in metro)
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Stacker

#10. Wildwood, NJ

- 1-year price change: +$123,703 (+30.7%)
- 5-year price change: +$232,862 (+79.4%)
- Typical home value: $526,037 (#12 most expensive city in metro)
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#9. Diamond Beach, NJ

- 1-year price change: +$169,005 (+30.0%)
- 5-year price change: +$299,491 (+69.2%)
- Typical home value: $732,276 (#8 most expensive city in metro)
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Stacker

#8. Wildwood Crest, NJ

- 1-year price change: +$175,084 (+34.0%)
- 5-year price change: +$318,543 (+85.8%)
- Typical home value: $689,827 (#9 most expensive city in metro)
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#7. West Cape May, NJ

- 1-year price change: +$177,652 (+24.5%)
- 5-year price change: +$414,089 (+84.8%)
- Typical home value: $902,128 (#7 most expensive city in metro)
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#6. Ocean City, NJ

- 1-year price change: +$213,922 (+29.5%)
- 5-year price change: +$404,004 (+75.4%)
- Typical home value: $939,835 (#6 most expensive city in metro)
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#5. Cape May Point, NJ

- 1-year price change: +$240,462 (+22.4%)
- 5-year price change: +$591,153 (+81.8%)
- Typical home value: $1,314,019 (#3 most expensive city in metro)
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#4. Sea Isle City, NJ

- 1-year price change: +$286,853 (+29.4%)
- 5-year price change: +$563,989 (+80.8%)
- Typical home value: $1,262,256 (#4 most expensive city in metro)
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#3. Strathmere, NJ

- 1-year price change: +$291,382 (+30.2%)
- 5-year price change: +$577,746 (+85.0%)
- Typical home value: $1,257,503 (#5 most expensive city in metro)
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Stacker

#2. Stone Harbor, NJ

- 1-year price change: +$547,368 (+26.5%)
- 5-year price change: +$1,199,177 (+85.0%)
- Typical home value: $2,610,601 (#2 most expensive city in metro)
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#1. Avalon, NJ

- 1-year price change: +$652,816 (+31.7%)
- 5-year price change: +$1,349,536 (+98.9%)
- Typical home value: $2,714,524 (#1 most expensive city in metro)

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