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Ocean Grove Real Estate

Monmouth County Housing Market Is Heating Up

$844KMedian Price
12Listings
22Days on Market

Ocean Grove Housing Market

Monmouth County has a median list price of $844,000 and homes averaging 22 days on market. Prices are up 7.6% year-over-year as buyer activity picks up. Well-priced properties in prime locations are drawing multiple offers.

Prices are in line with the broader shore market median.

Price Trends (24 Months)

$677K$768K$859K$950K$1.0MMay '24Sep '24Jan '25May '25Sep '25Jan '26Apr '26
Median List Price
Latest: $844K

Current Market Snapshot

Median Price
$844K
-7.6%YoY
Active Listings
12
Days on Market
22
Monthly Change
-12.7%

Compared to Monmouth County

ZIP Median Price
$844K
County Median
$814K
Difference
+3.8%above county avg

Market Health Indicators

Price Trend
-7.6%
Days on Market
22 days
Inventory
12

About Ocean Grove

Ocean Grove is a shore community in Monmouth County. Learn more about beaches, attractions, dining, and events.

Ocean Grove

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Investment Potential

Investment Calculator

Estimate your potential returns if you rent out your Ocean Grove property during summer months.

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10%$169K50%
$

Peak summer week rate

4 wks20 wks

Annual Summary

Gross Rental Income$30,000
Est. Expenses (30%)-$9,000
Net Rental Income$21,000
Annual Mortgage-$53,921
Property Tax (est.)-$15,196
Annual Cash Flow$-48,117
Cap Rate
0.7%
Cash-on-Cash
-28.5%

Investment Outlook

Challenging as pure investment. Negative cash flow means you would need other income or appreciation to justify. Better suited as a vacation home with some rental offset.

* Estimates only. Consult a financial advisor and research local rental regulations. Expenses estimate includes insurance, maintenance, management, and vacancy.

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Nearby ZIP Codes

07716Atlantic Highlands07732Highlands07760Sea Bright07750Monmouth Beach07740Long Branch07723Deal

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Ocean Grove Real Estate FAQs

What is the median home price in Ocean Grove (07756)?
The current median list price in Ocean Grove (ZIP 07756) is approximately $844K. Prices vary based on proximity to the beach, property size, and condition. Check the market snapshot above for the latest data.
Is Ocean Grove a good place to buy a shore home?
Ocean Grove offers its own unique character within Monmouth County. Consider factors like beach access, local amenities, commute times, and rental potential. Many buyers rent in the area first to experience the community before purchasing.
How long do homes stay on the market in 07756?
Days on market in Ocean Grove varies seasonally. Summer listings often move faster due to higher buyer activity. Check the current market metrics above to see how quickly homes are selling in this area right now.
Can I rent out my property in Ocean Grove?
Rental regulations in Ocean Grove depend on local ordinances. Some shore towns welcome short-term vacation rentals while others restrict them. Contact the local municipality for current rental permit requirements and restrictions.
What are the flood insurance costs in 07756?
Flood insurance costs in Ocean Grove depend on the property's elevation, flood zone designation, and whether the structure has been elevated. Properties in high-risk zones (A or V zones) require flood insurance for federally-backed mortgages.
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