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Ocean Gate

Learn about the people, housing, costs and businesses in Ocean Gate, New Jersey

Median Home$358,000
Median Rent$1,604/month
Population1,599
Leading IndustriesWholesale Trade · Healthcare · Finance & Insurance14% wholesale trade
Home Value Growth+8.4% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners83% of occupied units
Ocean Gate
NJ

Frequently Asked Questions

What are today's mortgage rates in Ocean Gate?

As of today, the 30-year fixed mortgage rate for Ocean Gate is approximately 6.940% (6.978% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Ocean Gate?

The median home value in Ocean Gate is $358k. The median monthly rent is $1,604. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ocean Gate?

Home values in Ocean Gate have increased 8.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Ocean Gate?

Based on a typical all-in ownership cost of $1,625/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ocean Gate is $69k/year.

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What industries drive the economy in Ocean Gate?

The largest employment sectors in Ocean Gate are public administration (19%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.