Ocean County Real Estate and Livability Trends
Ocean County, New Jersey's real estate market reflects notable economic growth, with the median home value rising from $262,700 in 2015 to $343,500 in 2022. Interesting trends include a peak in residential energy tax credits in 2018, suggesting investments in energy-efficient improvements. Property taxes have also climbed from $6,066.60 to $8,572.40 during this period, possibly due to increasing... Read more
Ocean County Market Trends
Ocean County, New Jersey has experienced a substantial increase in median home values, from $262,700 in 2015 to $343,500 in 2022, outpacing the national growth but lagging behind state trends. There’s also a noticeable fluctuation in the average residential energy tax credit, with a peak in 2018 at $3689.08, hinting at ongoing investments in energy efficiency. Real estate taxes keep climbing,... Read more
Median Value of Occupied Housing Units in Ocean County, New Jersey Over the Last 8 Years
Ocean County, New Jersey has seen a steady increase in median home values over the past eight years, starting at $262,700 in 2015 and reaching $343,500 in 2022. This upward trend outpaces the U.S. national median, which started at $125,500 in 2015 and rose to $179,400 in 2022. When compared to New Jersey's overall values, Ocean County's growth is slightly lower; the state median began at $315,900 in 2015 and hit $401,400 by 2022. For investors and potential homeowners, this data suggests Ocean County properties may offer compelling long-term appreciation, especially when contrasted with broader national and state-level trends.
Residential Energy Tax Credit Per Tax Return in Ocean County, NJ Over the Last 9 Years
The average residential energy tax credit per tax return in Ocean County, New Jersey demonstrates significant variability and an overall upward trend over the past nine years. There is a notable spike in 2018 with an average credit amount of $3689.08, which considerably overshadows the values in other years. Even with fluctuations, the average credit remains higher post-2017, suggesting increased investment in energy-efficient home improvements or changes in the local tax incentives. This trend may interest real estate investors, property developers, and insurance agents looking to capitalize on enhancements in residential infrastructure and energy efficiency.
Average Real Estate Taxes Per Tax Return in Ocean County, NJ Over the Last 10 Years
Over the past decade, Ocean County, New Jersey has experienced a steady increase in average real estate taxes per tax return, rising from $6,066.60 in 2012 to $8,572.40 in 2021. This upward trend may indicate rising property values or changes in local tax rates, which can be pertinent for potential investors, real estate agents, and those looking to move to the area. For insurance agents and appraisers, these figures suggest a potentially higher valuation baseline over the years. It could also serve as a financial consideration for those building new properties or purchasing homes, impacting overall affordability and long-term investment returns.
Percentage of Farm Returns in Ocean County, NJ Over the Last 10 Years
Over the past decade, Ocean County, New Jersey has seen a slight decline in the percentage of farm tax returns, starting from roughly 0.10% in 2012 to around 0.07% in 2021. Farm tax returns are income declarations for individuals or entities engaged in agricultural activities, which can reveal trends in local farming viability. This modest decrease suggests that farming might be becoming less prevalent or profitable in the region, which could influence decisions for investors, homebuilders, and residents considering agricultural pursuits.
Number of Mortgages by Occupancy Type in Ocean County, NJ Over the Last 5 Years in Ocean County
The number of mortgages for principal residences in Ocean County, New Jersey has fluctuated considerably over the past five years, with a notable peak in 2021. Investment properties and second residences also saw peaks in 2021 but displayed more variability. Changes in occupancy type matter because they reflect shifts in market demand, residential preferences, and economic stability in the area. For investors, understanding these trends can indicate where opportunities or risks might lie. Real estate agents and appraisers might use this data to better price properties and understand client needs, while insurance agents can assess risk more accurately based on property use. Builders can tailor new projects to meet evolving demands, ensuring more effective allocation of resources.
Economic Outlook
Ocean County, New Jersey has seen a promising rise in average taxable income per tax return, going from about $60,684.95 in 2013 to $86,347.30 in 2021. This consistent trend hints at economic growth, making the region appealing for investors and real estate professionals. Meanwhile, average state and local income taxes per tax return have surged from approximately $5,362.65 in 2012 to $12,927.26 in 2021, likely reflecting changing economic policies or incomes. Total tax liability per tax return... Read more
Average Taxable Income per Tax Return in Ocean County, NJ over the last 9 years
Ocean County, New Jersey has seen a notable increase in average taxable income per tax return over the past nine years, rising from approximately $60,684.95 in 2013 to $86,347.30 in 2021. This upward trend suggests potential economic growth, making it a potentially attractive area for investors and real estate professionals. The steady increase, with a few minor fluctuations, indicates a robust economic environment which could appeal to those considering property development or relocation. For appraisers and insurance agents, this trend may influence the assessment and coverage of properties in the area, reflecting the county's increasing affluence.
Average State and Local Income Taxes Per Tax Return in Ocean County, NJ Over the Last 10 Years
Ocean County, New Jersey, has seen a notable rise in average state and local income taxes per tax return over the last decade, climbing from approximately $5,362.65 in 2012 to around $12,927.26 in 2021. This sharp increase, particularly between 2017 and 2021, may reflect broader trends in local economic policies, property values, or income levels. For potential investors, homeowners, or real estate agents, this data could suggest shifting financial dynamics that may impact the cost of living and overall investment potential in the area.
Average Total Tax Liability Per Tax Return in Ocean County, NJ Over the Last 10 Years
Over the past decade, Ocean County, New Jersey has seen a significant increase in the average total tax liability per tax return, rising from approximately $9,166.03 in 2012 to about $14,342.06 in 2021. This upward trend may suggest rising incomes or changing tax policies, which could be critical for potential investors, real estate agents, and those looking to move to the area. For insurance agents and appraisers, these figures could indicate a gradually increasing financial base, potentially affecting property valuations and insurance premiums.
Cost of Living in Ocean County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,203 | $1,601 | $1,838 | $2,220 | $2,070 |
| 1 adult 4 children | $2,203 | $1,307 | $1,396 | $2,220 | $2,171 |
| 2 adults 3 children | $2,203 | $1,308 | $1,600 | $2,220 | $1,802 |
| 1 adult 3 children | $2,203 | $1,067 | $1,157 | $2,220 | $1,928 |
| 2 adults 2 children | $1,610 | $1,070 | $1,361 | $1,925 | $1,320 |
| 1 adult 2 children | $1,610 | $800 | $919 | $1,925 | $1,343 |
| 2 adults 1 child | $1,610 | $846 | $1,123 | $967 | $1,020 |
| 1 adult 1 child | $1,610 | $546 | $681 | $967 | $936 |
| 2 adults | $1,285 | $680 | $885 | $0 | $757 |
| 1 adult | $1,151 | $371 | $442 | $0 | $640 |
Safety trends & Data
Ocean County, New Jersey has shown varied property crime trends over the past five years. Burglary cases significantly declined from 156 in 2018 to 102 in 2022, while arson incidents rose, peaking at 14 in 2022. Larceny-theft also decreased from 745 incidents in 2018 to 503 in 2022. Vandalism cases have been inconsistent, reaching 194 in 2019 but dropping to 132 by 2022. These trends might influence real estate agents, property developers, and investors in assessing security needs and... Read more
Property Crime Trends in Ocean County, NJ Over the Last 5 Years
Ocean County, New Jersey has seen notable fluctuations in property crime over the past five years. While overall burglary cases dropped from 156 in 2018 to 102 in 2022, arson incidents saw a rise, peaking at 14 in 2022. Larceny-theft, a significant portion of property crime, showed a decrease from 745 incidents in 2018 to 503 in 2022. Vandalism cases have shown inconsistency, reaching as high as 194 in 2019 but reducing to 132 by 2022. For investors, real estate agents, and property developers, these trends may influence decisions regarding the necessary security measures and desirable areas for development. Insurance agents might particularly take interest in the varying rates of different crimes, adjusting risks and premiums accordingly.
Demographics
In Ocean County, New Jersey, the adult population skews slightly female. Education levels show a large portion of residents have high school diplomas or some college, but nearly 93,595 have achieved a bachelor's degree. Age distribution is diverse, with significant representations in each age bracket, but less so in the 20-24 cohort. The county is predominantly White, with smaller populations of Black or African American, Asian, and other races. This mix of demographics suggests varied... Read more
Race Distribution in Ocean County, New Jersey (2022)
Educational Attainment in Ocean County, New Jersey (2022)
Age Distribution in Ocean County, New Jersey
Citizen Population in Ocean County, New Jersey (2022)
Political Trends & Data
In Ocean County, New Jersey, the 2020 U.S. Presidential Election saw the Republican candidate likely securing around 64% of the votes, indicating a predominantly conservative electorate. The Democratic candidate trailed with approximately 35%, while minor parties like the Libertarians and Greens barely impacted, capturing roughly 0.7% and 0.3% respectively. This conservative tilt could shape local and state political dynamics, potentially influencing future policy and community initiatives in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Ocean County, New Jersey, the 2020 U.S. Presidential Election leaned heavily towards the Republican candidate, who possibly garnered around 64% of the votes. The Democrat candidate trailed with about 35%. Minor parties like the Libertarians and Greens made nominal impacts, capturing roughly 0.7% and 0.3% of the vote share, respectively. This distribution suggests a predominantly conservative electorate in this part of New Jersey, potentially influencing local and state political landscapes.
63.76% of voters voted for the Republican party in the 2020 Presidential Election
34.98% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ocean County, New Jersey, has shown a fluctuating student-to-teacher ratio, peaking at over 22 students per teacher in 2018 before stabilizing to around 11 in recent years. This lower ratio compared to the national average of 14 might appeal to families focused on education, potentially boosting real estate demand. This trend could be compelling for real estate agents, school appraisers, and investors as it suggests enhanced individual student attention, impacting property values and community... Read more
Student-to-teacher ratio in Ocean County, New Jersey over the last 10 years
Ocean County, New Jersey has seen fluctuations in its student-to-teacher ratios over the past decade, with notable spikes and declines. The ratio increased significantly in 2018 to over 22 students per teacher, but stabilized to around 11 in subsequent years. Compared to the national average of 14 students per teacher, Ocean County typically offers smaller class sizes, which could enhance individual student attention and educational outcomes. These trends might appeal to families prioritizing education, real estate agents, school appraisers, and investors considering the educational quality when analyzing property values and community appeal.
