NJShore Guide

07756 Real Estate

Ocean Grove Housing Market

$949KMedian Price
11Listings
77Days on Market

Ocean Grove Housing Market (07756)

Monmouth County presents opportunities for patient buyers. Prices are down 7.3% from last year, with a median of $949,000. Homes are staying on market longer at 77 days average, giving buyers leverage in negotiations.

Prices are in line with the broader shore market median.

Winter is typically the slowest season for shore real estate. Serious sellers may be more flexible on price during these months.

Price Trends (24 Months)

$678K$768K$859K$950K$1.0MFeb '24Jun '24Oct '24Feb '25Jun '25Oct '25Jan '26
Median List Price
Latest: $949K

Current Market Snapshot

Median Price
$949K
-7.3%YoY
Active Listings
11
Days on Market
77
Monthly Change
+4.1%

Compared to Monmouth County

ZIP Median Price
$949K
County Median
$825K
Difference
+15.1%above county avg

Market Health Indicators

Price Trend
-7.3%
Days on Market
77 days
Inventory
11

About Ocean Grove

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

Ocean Grove

Try Before You Buy in Ocean Grove

Considering a move to 07756? Rent a vacation home first to experience the neighborhood and lifestyle before committing.

Browse Vacation Rentals

Investment Potential

Investment Calculator

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

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10%$190K50%
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Peak summer week rate

4 wks20 wks

Annual Summary

Gross Rental Income$33,600
Est. Expenses (30%)-$10,080
Net Rental Income$23,520
Annual Mortgage-$60,640
Property Tax (est.)-$17,090
Annual Cash Flow$-54,210
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.

Nearby ZIP Codes

07716Atlantic Highlands07732Highlands07760Sea Bright07750Monmouth Beach07740Long Branch07723Deal

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07756 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 $949K. 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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