Cities With the Fastest-growing Home Prices in the Ocean City Metro Area

Volodymyr Kyrylyuk // Shutterstock

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

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $360,385 in October, 2.4% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the most expensive homes in the Ocean City, NJ metro area using data from Zillow. Charts show the monthly typical home value since January 2018.

You may also like: Homes for sale in Ocean City at every price point

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Stacker

#14. Ocean City, NJ

- 1-year price change: +$11,535 (+1.1%)
- 5-year price change: +$367,260 (+56.5%)
- Typical home value: $1,017,373 (#6 most expensive city in metro)

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Stacker

#13. Woodbine, NJ

- 1-year price change: +$18,128 (+6.2%)
- 5-year price change: +$99,650 (+47.3%)
- Typical home value: $310,164 (#14 most expensive city in metro)

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Stacker

#12. Cape May Court House, NJ

- 1-year price change: +$24,656 (+6.2%)
- 5-year price change: +$153,734 (+57.7%)
- Typical home value: $420,337 (#11 most expensive city in metro)

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Stacker

#11. Ocean View, NJ

- 1-year price change: +$24,766 (+6.0%)
- 5-year price change: +$161,676 (+58.4%)
- Typical home value: $438,555 (#10 most expensive city in metro)

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Stacker

#10. Villas, NJ

- 1-year price change: +$25,195 (+7.5%)
- 5-year price change: +$165,552 (+84.4%)
- Typical home value: $361,720 (#13 most expensive city in metro)

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Stacker

#9. Sea Isle City, NJ

- 1-year price change: +$25,259 (+1.9%)
- 5-year price change: +$562,273 (+71.8%)
- Typical home value: $1,345,830 (#5 most expensive city in metro)

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Stacker

#8. Rio Grande, NJ

- 1-year price change: +$27,210 (+7.5%)
- 5-year price change: +$156,984 (+68.0%)
- Typical home value: $387,700 (#12 most expensive city in metro)

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Stacker

#7. Marmora, NJ

- 1-year price change: +$35,225 (+8.6%)
- 5-year price change: +$166,674 (+60.1%)
- Typical home value: $444,181 (#9 most expensive city in metro)

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Stacker

#6. Wildwood, NJ

- 1-year price change: +$36,799 (+6.7%)
- 5-year price change: +$258,977 (+79.3%)
- Typical home value: $585,627 (#8 most expensive city in metro)

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#5. Cape May, NJ

- 1-year price change: +$40,009 (+6.3%)
- 5-year price change: +$287,475 (+74.8%)
- Typical home value: $671,652 (#7 most expensive city in metro)

You may also like: Cities with the most expensive homes in the Ocean City metro area

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Stacker

#4. Cape May Point, NJ

- 1-year price change: +$75,548 (+5.6%)
- 5-year price change: +$639,783 (+80.7%)
- Typical home value: $1,432,808 (#4 most expensive city in metro)

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Stacker

#3. Strathmere, NJ

- 1-year price change: +$97,622 (+7.1%)
- 5-year price change: +$659,677 (+82.0%)
- Typical home value: $1,464,371 (#3 most expensive city in metro)

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Stacker

#2. Avalon, NJ

- 1-year price change: +$97,789 (+3.9%)
- 5-year price change: +$1,126,641 (+77.3%)
- Typical home value: $2,584,112 (#1 most expensive city in metro)

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#1. Stone Harbor, NJ

- 1-year price change: +$99,796 (+4.3%)
- 5-year price change: +$1,089,523 (+83.2%)
- Typical home value: $2,398,632 (#2 most expensive city in metro)