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1 / 15#15. Woodbine, NJ
- 1-year price change: +$8,801 (+2.7%)
- 5-year price change: +$55,896 (+20.1%)
- Typical home value: $334,407 (#15 most expensive city in metro)
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 $369,678 in August, 1.3% 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.
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2 / 15#14. Cape May Court House, NJ
- 1-year price change: +$17,225 (+3.9%)
- 5-year price change: +$112,733 (+32.5%)
- Typical home value: $459,275 (#12 most expensive city in metro)
Stacker
3 / 15#13. Villas, NJ
- 1-year price change: +$19,232 (+4.9%)
- 5-year price change: +$112,891 (+38.0%)
- Typical home value: $410,048 (#14 most expensive city in metro)
Stacker
4 / 15#12. Rio Grande, NJ
- 1-year price change: +$19,626 (+4.7%)
- 5-year price change: +$118,991 (+37.4%)
- Typical home value: $437,344 (#13 most expensive city in metro)
Stacker
5 / 15#11. Ocean View, NJ
- 1-year price change: +$28,372 (+6.3%)
- 5-year price change: +$127,805 (+36.3%)
- Typical home value: $480,136 (#11 most expensive city in metro)
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6 / 15#10. Marmora, NJ
- 1-year price change: +$33,158 (+7.0%)
- 5-year price change: +$147,233 (+41.0%)
- Typical home value: $506,485 (#10 most expensive city in metro)
Stacker
7 / 15#9. Wildwood, NJ
- 1-year price change: +$52,217 (+8.9%)
- 5-year price change: +$208,519 (+48.4%)
- Typical home value: $639,305 (#9 most expensive city in metro)
Stacker
8 / 15#8. Cape May, NJ
- 1-year price change: +$55,625 (+8.1%)
- 5-year price change: +$203,004 (+37.4%)
- Typical home value: $745,433 (#7 most expensive city in metro)
Stacker
9 / 15#7. North Wildwood, NJ
- 1-year price change: +$71,115 (+11.6%)
- 5-year price change: +$228,771 (+50.0%)
- Typical home value: $685,974 (#8 most expensive city in metro)
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10 / 15#6. Ocean City, NJ
- 1-year price change: +$103,742 (+10.1%)
- 5-year price change: +$241,301 (+27.2%)
- Typical home value: $1,128,692 (#6 most expensive city in metro)
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11 / 15#5. Sea Isle City, NJ
- 1-year price change: +$160,019 (+11.7%)
- 5-year price change: +$357,112 (+30.6%)
- Typical home value: $1,525,963 (#5 most expensive city in metro)
Stacker
12 / 15#4. Strathmere, NJ
- 1-year price change: +$167,801 (+11.2%)
- 5-year price change: +$578,039 (+53.3%)
- Typical home value: $1,661,701 (#3 most expensive city in metro)
Stacker
13 / 15#3. Avalon, NJ
- 1-year price change: +$181,759 (+7.0%)
- 5-year price change: +$592,495 (+27.2%)
- Typical home value: $2,774,179 (#1 most expensive city in metro)
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14 / 15#2. Cape May Point, NJ
- 1-year price change: +$204,123 (+14.3%)
- 5-year price change: +$447,506 (+37.7%)
- Typical home value: $1,633,580 (#4 most expensive city in metro)
Stacker
15 / 15#1. Stone Harbor, NJ
- 1-year price change: +$296,555 (+12.8%)
- 5-year price change: +$686,081 (+35.5%)
- Typical home value: $2,617,838 (#2 most expensive city in metro)
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