The typical owner-occupied home in Ocean View is worth about $376,700, 17% below the New Jersey median of $454,400 and 13% above the national median of $332,700. Owners pay a median $4,787 a year in property taxes, about 1.27% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $107,344 a year, so the median home costs 3.5 times the median income (4.4 times for New Jersey). 86% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Ocean View at a glance
| Ocean View | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $376,700 | $454,400 | $332,700 |
| Median property tax paid per year | $4,787 | $9,590 | $3,119 |
| Property tax as a share of value | 1.27% | 2.11% | 0.94% |
| Median household income | $107,344 | $103,556 | $80,734 |
| Homes lived in by their owners | 86% | 64% | 65% |
| Owner homes with a mortgage | 49% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,545 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 15.0% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1977 | 1970 | 1980 |
| Vacant homes | 8.0% | 7.5% | 10.1% |
| Population | 728 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Ocean View
At this week's average 30-year rate of 7.11%, buying the median Ocean View home of $376,700 with 20% down costs about $2,583 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,210, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $110,696 for the 20%-down payment. That payment is 29% of the median Ocean View household income of $107,344; at that income and 20% down, the 28% guideline points to a home of about $365,000.
| Down payment | $75,340 |
|---|---|
| Loan amount | $301,360 |
| Principal and interest | $2,027 |
| Property taxes (1.27% a year) | $399 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| PMI | $0 |
| Total per month | $2,583 |
Change the numbers in the calculator
| Down payment | $13,184 |
|---|---|
| Loan amount | $369,877 |
| Principal and interest | $2,488 |
| Property taxes (1.27% a year) | $399 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| FHA mortgage insurance | $167 |
| Total per month | $3,210 |
Change the numbers in the calculator
Questions about home buying in Ocean View
What is the median home value in Ocean View?
About $376,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ocean View?
Homeowners pay a median $4,787 a year, which is about 1.27% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Ocean View?
For the median home with 20% down at 7.11%, the payment is about $2,583 a month. Keeping that under 28% of gross income takes about $110,696 a year.
More about Ocean View
- Mortgage Refinance in Ocean View
- Debt Relief in Ocean View
- Home Equity Loans in Ocean View
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data