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

Written by:
February 26, 2024
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 $344,159 in January, 3.6% 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 fastest-growing home prices in the Ocean City, NJ metro area using data from Zillow. Cities are ranked by their one-year price change as of January 2024.

1 / 14
Stacker

#14. Avalon, NJ

- 1-year price change: -$36,526 (-1.4%)
- 5-year price change: +$1,052,681 (+73.0%)
- Typical home value: $2,494,215 (#1 most expensive city in metro)
2 / 14
Stacker

#13. Stone Harbor, NJ

- 1-year price change: -$31,995 (-1.4%)
- 5-year price change: +$1,019,107 (+81.5%)
- Typical home value: $2,270,045 (#2 most expensive city in metro)
3 / 14
Stacker

#12. Sea Isle City, NJ

- 1-year price change: -$9,419 (-0.7%)
- 5-year price change: +$533,635 (+69.2%)
- Typical home value: $1,304,647 (#5 most expensive city in metro)
4 / 14
Stacker

#11. Ocean City, NJ

- 1-year price change: +$8,351 (+0.8%)
- 5-year price change: +$370,743 (+59.2%)
- Typical home value: $997,456 (#6 most expensive city in metro)
5 / 14
Stacker

#10. Woodbine, NJ

- 1-year price change: +$12,544 (+4.6%)
- 5-year price change: +$88,382 (+44.5%)
- Typical home value: $286,858 (#14 most expensive city in metro)
6 / 14
Stacker

#9. Villas, NJ

- 1-year price change: +$20,599 (+6.8%)
- 5-year price change: +$147,144 (+82.9%)
- Typical home value: $324,725 (#13 most expensive city in metro)
7 / 14
Stacker

#8. Rio Grande, NJ

- 1-year price change: +$27,885 (+8.5%)
- 5-year price change: +$136,769 (+61.9%)
- Typical home value: $357,731 (#12 most expensive city in metro)
8 / 14
Stacker

#7. Cape May Court House, NJ

- 1-year price change: +$27,982 (+7.7%)
- 5-year price change: +$142,999 (+57.7%)
- Typical home value: $390,654 (#11 most expensive city in metro)
9 / 14
Stacker

#6. Marmora, NJ

- 1-year price change: +$31,462 (+8.3%)
- 5-year price change: +$146,510 (+55.3%)
- Typical home value: $411,371 (#10 most expensive city in metro)
10 / 14
Stacker

#5. Ocean View, NJ

- 1-year price change: +$31,476 (+8.2%)
- 5-year price change: +$153,913 (+59.4%)
- Typical home value: $413,168 (#9 most expensive city in metro)
11 / 14
Stacker

#4. Wildwood, NJ

- 1-year price change: +$35,095 (+6.9%)
- 5-year price change: +$234,524 (+75.3%)
- Typical home value: $545,799 (#8 most expensive city in metro)
12 / 14
Stacker

#3. Cape May, NJ

- 1-year price change: +$39,413 (+6.7%)
- 5-year price change: +$261,717 (+71.6%)
- Typical home value: $627,338 (#7 most expensive city in metro)
13 / 14
Stacker

#2. Strathmere, NJ

- 1-year price change: +$71,581 (+5.5%)
- 5-year price change: +$619,887 (+81.6%)
- Typical home value: $1,379,891 (#3 most expensive city in metro)
14 / 14
Stacker

#1. Cape May Point, NJ

- 1-year price change: +$82,559 (+6.5%)
- 5-year price change: +$609,627 (+81.4%)
- Typical home value: $1,358,765 (#4 most expensive city in metro)

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 380 metros.

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