NJShore Guide

08226 Real Estate

Ocean City Housing Market

$1.4MMedian Price
193Listings
73Days on Market

Ocean City Housing Market (08226)

Cape May County real estate prices have held steady over the past year. The median list price sits at $1.35 million, with homes typically selling within 73 days. This balanced market gives buyers time to evaluate options without pressure.

This is one of the most expensive shore markets, with prices running about 69% above the shore-wide median. Expect luxury properties and premium beach access.

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)

$1.2M$1.3M$1.4M$1.5M$1.6MFeb '24Jun '24Oct '24Feb '25Jun '25Oct '25Jan '26
Median List Price
Latest: $1.4M

Current Market Snapshot

Median Price
$1.35M
+3.9%YoY
Active Listings
193
Days on Market
73
Monthly Change
+0.6%

Compared to Cape May County

ZIP Median Price
$1.4M
County Median
$800K
Difference
+68.8%above county avg

Market Health Indicators

Price Trend
+3.9%
Days on Market
73 days
Inventory
193

About Ocean City

Ocean City is a shore community in Cape May County. Learn more about beaches, attractions, dining, and events.

Ocean City

Try Before You Buy in Ocean City

Considering a move to 08226? 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 City property during summer months.

$
10%$270K50%
$

Peak summer week rate

4 wks20 wks

Annual Summary

Gross Rental Income$49,200
Est. Expenses (30%)-$14,760
Net Rental Income$34,440
Annual Mortgage-$86,223
Property Tax (est.)-$24,300
Annual Cash Flow$-76,083
Cap Rate
0.8%
Cash-on-Cash
-28.2%

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

08248Strathmere08243Sea Isle City08202Avalon08247Stone Harbor08260Wildwood08204Cape May

Ocean City Market Updates

Get monthly housing insights for this area.

What interests you? (optional)

No spam. Unsubscribe anytime.

08226 Real Estate FAQs

What is the median home price in Ocean City (08226)?
The current median list price in Ocean City (ZIP 08226) is approximately $1350K. Prices vary based on proximity to the beach, property size, and condition. Check the market snapshot above for the latest data.
Is Ocean City a good place to buy a shore home?
Ocean City offers its own unique character within Cape May 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 08226?
Days on market in Ocean City 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 City?
Rental regulations in Ocean City 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 08226?
Flood insurance costs in Ocean City 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.
← Cape May County Real EstateShore Real Estate Overview