OCEAN CITY Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Ocean City averaged
6.65%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.74% and
one month ago for the week of 2024-11-07, the
average rate was 6.54%.
Ocean City's average rate one year ago was 7.18%.
For refis of the same type during the week of 2024-12-12, the average rate
was 7.15%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
| Ocean City 30 Year Fixed Rate | 2024-12-12 | 6.65% |
| Ocean City 30 Year Fixed Rate Refi | 2024-12-12 | 7.15% |
| Ocean City 15 Year Fixed Rate | 2024-12-12 | 6.04% |
| Ocean City 15 Year Fixed Rate Refi | 2024-12-12 | 6.14% |
| Ocean City 30 Year FHA | 2024-12-12 | 6.34% |
| Ocean City 30 Year FHA Refi | 2024-12-12 | 6.08% |
| Ocean City 30 Year USDA | 2024-12-12 | 6.5% |
| Ocean City 30 Year USDA Refi | 2024-12-12 | 6.4% |
| Ocean City 30 Year VA | 2024-12-12 | 5.98% |
| Ocean City 30 Year VA Refi | 2024-12-12 | 5.88% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within OCEAN CITY, NJ.
OCEAN CITY Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the OCEAN CITY, NJ market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
OCEAN CITY Average Closing Costs & Other Stats
OCEAN CITY, NJ's 182 lenders originated 3,552
loans during 2023. The total origination value was $1,703,550,000, with an average loan value of
$479,603.
OCEAN CITY's average closing costs are $5,895.
The top OCEAN CITY lender as defined by loan originations is Citizens Bank, with
143 loans originated. Their average total fees are
$9,289, which is $3,195
higher than the next largest lender,
OceanFirst Bank.
The lowest fee OCEAN CITY lenders (with over 10 loans originated) are
POLICE & FIRE ($2,940), OceanFirst Bank ($6,095), Advisors Mortgage Group, L.L.C. ($6,211), 1st Colonial Community Bank ($6,533) and TD Bank ($6,575).
The lowest rate OCEAN CITY lenders (with over 10 loans originated) are
Citibank (5.45%), Morgan Stanley Private Bank (5.76%), TD Bank (5.97%), UBS Bank USA (5.98%) and Wilmington Savings Fund Society, FSB (6.13%).
OCEAN CITY, NJ Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Citizens Bank | $151,770,000 | $173,155,000 | 14.1% | 10.2% |
| OceanFirst Bank | $120,700,000 | $82,000,000 | -32.1% | 4.8% |
| U.S. Bank | $9,465,000 | $75,285,000 | 695.4% | 4.4% |
| TD Bank | $99,725,000 | $71,675,000 | -28.1% | 4.2% |
| Crest Savings Bank | $62,230,000 | $64,855,000 | 4.2% | 3.8% |
| PNC Bank | $83,215,000 | $50,000,000 | -39.9% | 2.9% |
| Morgan Stanley Private Bank | $54,275,000 | $49,610,000 | -8.6% | 2.9% |
| Valley National Bank | $82,515,000 | $47,920,000 | -41.9% | 2.8% |
| Sturdy Savings Bank | $78,670,000 | $45,015,000 | -42.8% | 2.6% |
| GUARANTEED RATE, INC. | $33,425,000 | $42,975,000 | 28.6% | 2.5% |
| QUICKEN LOANS, LLC | $69,935,000 | $41,075,000 | -41.3% | 2.4% |
| Bank of America | $58,690,000 | $40,270,000 | -31.4% | 2.4% |
| Wells Fargo Bank | $132,580,000 | $38,045,000 | -71.3% | 2.2% |
| JPMorgan Chase Bank | $53,425,000 | $35,675,000 | -33.2% | 2.1% |
| 1st Bank of Sea Isle City | $48,275,000 | $33,590,000 | -30.4% | 2.0% |
| Wilmington Savings Fund Society, FSB | $49,105,000 | $33,515,000 | -31.7% | 2.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $42,205,000 | $33,285,000 | -21.1% | 2.0% |
| Citibank | $33,505,000 | $26,710,000 | -20.3% | 1.6% |
| Firstrust Savings Bank | $45,155,000 | $23,470,000 | -48.0% | 1.4% |
| TRUMARK FINANCIAL CREDIT UNION | $15,740,000 | $22,405,000 | 42.3% | 1.3% |
| Prosperity Home Mortgage, LLC | $53,330,000 | $20,305,000 | -61.9% | 1.2% |
| 1st Colonial Community Bank | $24,855,000 | $18,775,000 | -24.5% | 1.1% |
| UBS Bank USA | $22,040,000 | $18,470,000 | -16.2% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $8,125,000 | $15,520,000 | 91.0% | 0.9% |
| Mid Penn Bank | $8,800,000 | $15,305,000 | 73.9% | 0.9% |
| DRAPER AND KRAMER MORTGAGE CORP. | $29,975,000 | $14,455,000 | -51.8% | 0.8% |
| M&T Bank | $22,005,000 | $13,645,000 | -38.0% | 0.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $29,645,000 | $13,585,000 | -54.2% | 0.8% |
| Advisors Mortgage Group, L.L.C. | $42,250,000 | $13,160,000 | -68.9% | 0.8% |
| RF Renovo Management Company, LLC | $4,535,000 | $13,135,000 | 189.6% | 0.8% |
| POLICE & FIRE | $19,230,000 | $13,070,000 | -32.0% | 0.8% |
| Univest Bank and Trust Co. | $26,580,000 | $11,885,000 | -55.3% | 0.7% |
| Goldman Sachs Bank USA | $11,945,000 | $11,860,000 | -0.7% | 0.7% |
| CMG MORTGAGE, INC. | $1,605,000 | $11,710,000 | 629.6% | 0.7% |
| Meridian Bank Corporation | $9,810,000 | $11,115,000 | 13.3% | 0.7% |
| Fulton Bank | $17,175,000 | $10,915,000 | -36.4% | 0.6% |
| PHILADELPHIA | $3,310,000 | $10,465,000 | 216.2% | 0.6% |
| GREENTREE MORTGAGE COMPANY, L.P. | $21,195,000 | $10,080,000 | -52.4% | 0.6% |
| Paramount Residential Mortgage Group, Inc. | $6,285,000 | $10,040,000 | 59.7% | 0.6% |
| NFM, INC. | $16,175,000 | $9,580,000 | -40.8% | 0.6% |
| Charles Schwab Bank, SSB | $18,285,000 | $8,735,000 | -52.2% | 0.5% |
| GREYSTONE SERVICING COMPANY LLC | $8,285,000 | n/a | 0.5% | |
| CITADEL FEDERAL CREDIT UNION | $4,180,000 | $7,470,000 | 78.7% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $19,815,000 | $7,265,000 | -63.3% | 0.4% |
| Raymond James Bank | $16,125,000 | $7,210,000 | -55.3% | 0.4% |
| First Citizens Community Bank | $355,000 | $6,810,000 | 1,818.3% | 0.4% |
| First Resource Bank | $1,975,000 | $6,380,000 | 223.0% | 0.4% |
| Webster Bank | $1,610,000 | $6,305,000 | 291.6% | 0.4% |
| LOANDEPOT.COM, LLC | $21,940,000 | $6,280,000 | -71.4% | 0.4% |
| The First National Bank of Elmer | $6,280,000 | n/a | 0.4% | |
| NATION ONE MORTGAGE CORPORATION | $6,660,000 | $6,175,000 | -7.3% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $4,645,000 | $5,925,000 | 27.6% | 0.3% |
| Truist | $14,045,000 | $5,905,000 | -58.0% | 0.3% |
| First National Bank of Pennsylvania | $400,000 | $5,780,000 | 1,345.0% | 0.3% |
| Republic Bank | $283,080,000 | $5,760,000 | -98.0% | 0.3% |
| Mortgage Research Center, LLC | $9,555,000 | $5,570,000 | -41.7% | 0.3% |
| BHCU | $2,300,000 | $5,255,000 | 128.5% | 0.3% |
| Huntingdon Valley Bank | $14,790,000 | $5,160,000 | -65.1% | 0.3% |
| EMM LOANS LLC | $13,325,000 | $4,690,000 | -64.8% | 0.3% |
| Flagstar Bank, FSB | $3,130,000 | $4,515,000 | 44.2% | 0.3% |
| NJ LENDERS CORP. | $2,205,000 | $4,275,000 | 93.9% | 0.3% |
| Northpointe Bank | $4,920,000 | $4,200,000 | -14.6% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,750,000 | $4,190,000 | -52.1% | 0.2% |
| Princeton Mortgage Corporation | $2,045,000 | $4,045,000 | 97.8% | 0.2% |
| First Commonwealth Bank | $4,005,000 | n/a | 0.2% | |
| LIMA ONE CAPITAL, LLC | $920,000 | $3,940,000 | 328.3% | 0.2% |
| Commerce Home Mortgage, Inc. | $1,075,000 | $3,915,000 | 264.2% | 0.2% |
| ARC HOME LLC | $830,000 | $3,750,000 | 351.8% | 0.2% |
| ALLIED MORTGAGE GROUP, INC. | $12,205,000 | $3,745,000 | -69.3% | 0.2% |
| Newfield National Bank | $11,565,000 | $3,490,000 | -69.8% | 0.2% |
| Gateway First Bank | $5,055,000 | $3,405,000 | -32.6% | 0.2% |
| Century Savings Bank | $3,375,000 | n/a | 0.2% | |
| FRANKLIN MINT | $4,175,000 | $3,370,000 | -19.3% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $4,220,000 | $3,340,000 | -20.9% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,665,000 | $3,290,000 | -57.1% | 0.2% |
| Presidential Bank, FSB | $7,680,000 | $3,270,000 | -57.4% | 0.2% |
| Franklin Bank | $3,295,000 | $3,265,000 | -0.9% | 0.2% |
| S&T Bank | $11,220,000 | $3,100,000 | -72.4% | 0.2% |
| Cornerstone Bank | $5,510,000 | $3,070,000 | -44.3% | 0.2% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $3,075,000 | $3,025,000 | -1.6% | 0.2% |
| CityWorth Mortgage LLC | $3,005,000 | n/a | 0.2% | |
| ESSA Bank & Trust | $3,725,000 | $2,880,000 | -22.7% | 0.2% |
| Penn Community Bank | $2,365,000 | $2,810,000 | 18.8% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $7,340,000 | $2,775,000 | -62.2% | 0.2% |
| JERSEY SHORE FEDERAL CREDIT UNION | $2,050,000 | $2,760,000 | 34.6% | 0.2% |
| BROKER SOLUTIONS, INC. | $2,280,000 | $2,595,000 | 13.8% | 0.2% |
| Bethpage Federal Credit Union | $2,560,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $6,335,000 | $2,510,000 | -60.4% | 0.1% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $1,820,000 | $2,450,000 | 34.6% | 0.1% |
| Provident Bank | $480,000 | $2,405,000 | 401.0% | 0.1% |
| THE BANK OF DELMARVA | $2,350,000 | n/a | 0.1% | |
| FIRST HERITAGE FINANCIAL, LLC | $2,325,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $2,820,000 | $2,315,000 | -17.9% | 0.1% |
| The Loan Store, Inc. | $2,305,000 | n/a | 0.1% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $10,270,000 | $2,255,000 | -78.0% | 0.1% |
| Stifel Bank and Trust | $4,020,000 | $2,235,000 | -44.4% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $515,000 | $2,195,000 | 326.2% | 0.1% |
| AMERICAN HERITAGE FCU | $3,925,000 | $2,180,000 | -44.5% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $2,395,000 | $2,090,000 | -12.7% | 0.1% |
| Philadelphia Mortgage Advisors, Inc. | $9,555,000 | $2,075,000 | -78.3% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $265,000 | $2,070,000 | 681.1% | 0.1% |
| Equity Prime Mortgage LLC | $1,610,000 | $2,035,000 | 26.4% | 0.1% |
| KS StateBank | $975,000 | $2,005,000 | 105.6% | 0.1% |
| Acre Mortgage and Financial Inc | $700,000 | $1,985,000 | 183.6% | 0.1% |
| FOUNDATION MORTGAGE CORPORATION | $1,965,000 | n/a | 0.1% | |
| OCMBC, INC. | $545,000 | $1,940,000 | 256.0% | 0.1% |
| CALIBER HOME LOANS, INC. | $81,400,000 | $1,935,000 | -97.6% | 0.1% |
| TOWER | $2,110,000 | $1,895,000 | -10.2% | 0.1% |
| Keystone Funding, Inc. | $1,890,000 | n/a | 0.1% | |
| FREEDOM CREDIT UNION | $240,000 | $1,860,000 | 675.0% | 0.1% |
| DHI MORTGAGE COMPANY, LTD. | $1,840,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $1,835,000 | n/a | 0.1% | |
| The Gratz Bank | $1,005,000 | $1,835,000 | 82.6% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $2,805,000 | $1,815,000 | -35.3% | 0.1% |
| State Financial Network, LLC | $1,925,000 | $1,805,000 | -6.2% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $10,710,000 | $1,800,000 | -83.2% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $3,330,000 | $1,750,000 | -47.4% | 0.1% |
| City National Bank | $9,965,000 | $1,750,000 | -82.4% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $3,530,000 | $1,750,000 | -50.4% | 0.1% |
| PINNACLE MORTGAGE, INC. | $1,395,000 | $1,715,000 | 22.9% | 0.1% |
| Ukrainian Selfreliance Federal Credit Union | $385,000 | $1,690,000 | 339.0% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,020,000 | $1,685,000 | -44.2% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $1,125,000 | $1,670,000 | 48.4% | 0.1% |
| OAKTREE FUNDING CORP. | $1,660,000 | n/a | 0.1% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $2,015,000 | $1,630,000 | -19.1% | 0.1% |
| Manasquan Bank | $225,000 | $1,615,000 | 617.8% | 0.1% |
| Hyperion Bank | $1,980,000 | $1,600,000 | -19.2% | 0.1% |
| NEWREZ LLC | $6,915,000 | $1,555,000 | -77.5% | 0.1% |
| Mortgage America, Inc. | $3,945,000 | $1,475,000 | -62.6% | 0.1% |
| Peoples Security Bank and Trust Company | $1,205,000 | $1,470,000 | 22.0% | 0.1% |
| Parke Bank | $210,000 | $1,435,000 | 583.3% | 0.1% |
| The Ephrata National Bank | $1,425,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $1,350,000 | n/a | 0.1% | |
| Columbia Bank | $25,945,000 | $1,325,000 | -94.9% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $1,375,000 | $1,275,000 | -7.3% | 0.1% |
| Millville Savings Bank | $1,265,000 | n/a | 0.1% | |
| Discover Bank | $710,000 | $1,260,000 | 77.5% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,450,000 | $1,260,000 | -48.6% | 0.1% |
| FM Home Loans, LLC | $335,000 | $1,230,000 | 267.2% | 0.1% |
| FINANCIAL RESOURCES FEDERAL CREDIT UNION | $1,055,000 | $1,205,000 | 14.2% | 0.1% |
| Farmers Bank & Trust | $1,200,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $3,520,000 | $1,170,000 | -66.8% | 0.1% |
| GREENWAY MORTGAGE FUNDING CORP. | $1,620,000 | $1,135,000 | -29.9% | 0.1% |
| AMWEST FUNDING CORP. | $1,110,000 | n/a | 0.1% | |
| FREEDOM MORTGAGE CORPORATION | $5,660,000 | $1,110,000 | -80.4% | 0.1% |
| QNB Bank | $5,955,000 | $1,105,000 | -81.4% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,060,000 | n/a | 0.1% | |
| PIKE CREEK MORTGAGE SERVICES, INC. | $2,535,000 | $1,040,000 | -59.0% | 0.1% |
| United Savings Bank | $970,000 | n/a | 0.1% | |
| Phoenixville Federal Bank and Trust | $960,000 | n/a | 0.1% | |
| NexBank | $950,000 | n/a | 0.1% | |
| Ardent Federal Credit Union | $3,050,000 | $935,000 | -69.3% | 0.1% |
| Northeast Equitable Mortgage, LLC | $285,000 | $935,000 | 228.1% | 0.1% |
| Gold Coast Bank | $925,000 | n/a | 0.1% | |
| MLD MORTGAGE INC. | $815,000 | $920,000 | 12.9% | 0.1% |
| The Fidelity Deposit and Discount Bank | $75,000 | $910,000 | 1,113.3% | 0.1% |
| PLANET HOME LENDING, LLC | $795,000 | $905,000 | 13.8% | 0.1% |
| Ixonia Bank | $900,000 | n/a | 0.1% | |
| SOUTH JERSEY | $1,155,000 | $895,000 | -22.5% | 0.1% |
| Monroe Savings Bank | $850,000 | n/a | 0.0% | |
| DEVELOPER'S MORTGAGE COMPANY | $810,000 | $845,000 | 4.3% | 0.0% |
| Lakeland Bank | $7,165,000 | $845,000 | -88.2% | 0.0% |
| The Victory Bank | $2,080,000 | $845,000 | -59.4% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $415,000 | $835,000 | 101.2% | 0.0% |
| First National Bank of America | $550,000 | $830,000 | 50.9% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $815,000 | n/a | 0.0% | |
| Farm Credit East, ACA | $1,455,000 | $785,000 | -46.0% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $165,000 | $785,000 | 375.8% | 0.0% |
| USAA Federal Savings Bank | $1,105,000 | $765,000 | -30.8% | 0.0% |
| BAY EQUITY LLC | $315,000 | $760,000 | 141.3% | 0.0% |
| TOTAL MORTGAGE SERVICES, LLC | $195,000 | $735,000 | 276.9% | 0.0% |
| EMBRACE HOME LOANS, INC. | $1,005,000 | $725,000 | -27.9% | 0.0% |
| ENVOY MORTGAGE, LTD | $2,105,000 | $725,000 | -65.6% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $725,000 | n/a | 0.0% | |
| NVE Bank | $715,000 | n/a | 0.0% | |
| MEMBERS 1ST FEDERAL CREDIT UNION | $705,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $285,000 | $700,000 | 145.6% | 0.0% |
| Diamond Credit Union | $645,000 | $695,000 | 7.8% | 0.0% |
| MERCK SHARP & DOHME FEDERAL CREDIT UNION | $1,055,000 | $690,000 | -34.6% | 0.0% |
| Kearny Bank | $3,340,000 | $680,000 | -79.6% | 0.0% |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $360,000 | $665,000 | 84.7% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,330,000 | $655,000 | -50.8% | 0.0% |
| First National Bank of Absecon | $640,000 | n/a | 0.0% | |
| NBKC BANK | $790,000 | $640,000 | -19.0% | 0.0% |
| 21ST MORTGAGE CORPORATION | $530,000 | $615,000 | 16.0% | 0.0% |
| William Penn Bank | $615,000 | n/a | 0.0% | |
| Customers Bank | $610,000 | n/a | 0.0% | |
| Figure Lending LLC | $245,000 | $610,000 | 149.0% | 0.0% |
| First Commonwealth Federal Credit Union | $610,000 | n/a | 0.0% | |
| Haddon Savings Bank | $400,000 | $585,000 | 46.3% | 0.0% |
| TIDEWATER MORTGAGE SERVICES, INC. | $495,000 | $570,000 | 15.2% | 0.0% |
| ConnectOne Bank | $565,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $555,000 | n/a | 0.0% | |
| JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. | $125,000 | $545,000 | 336.0% | 0.0% |
| KeyBank | $9,150,000 | $540,000 | -94.1% | 0.0% |
| LENDING CAPITAL GROUP Inc | $370,000 | $530,000 | 43.2% | 0.0% |
| Citizens & Northern Bank | $2,805,000 | $525,000 | -81.3% | 0.0% |
| PHH Mortgage Corporation | $1,940,000 | $525,000 | -72.9% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $3,395,000 | $520,000 | -84.7% | 0.0% |
| OPEN MORTGAGE, LLC | $510,000 | n/a | 0.0% | |
| BCB Community Bank | $505,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $955,000 | $505,000 | -47.1% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $665,000 | $500,000 | -24.8% | 0.0% |
| BNB Bank | $495,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $835,000 | $495,000 | -40.7% | 0.0% |
| HighTechLending Inc | $485,000 | n/a | 0.0% | |
| CREDIT UNION OF NEW JERSEY | $405,000 | $480,000 | 18.5% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $675,000 | $465,000 | -31.1% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $345,000 | $460,000 | 33.3% | 0.0% |
| CIBM Bank | $455,000 | n/a | 0.0% | |
| RESIDENTIAL HOME MORTGAGE CORPORATION | $625,000 | $455,000 | -27.2% | 0.0% |
| The Central Trust Bank | $455,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $1,505,000 | $455,000 | -69.8% | 0.0% |
| MCLEAN MORTGAGE CORPORATION | $4,250,000 | $445,000 | -89.5% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $1,730,000 | $430,000 | -75.1% | 0.0% |
| Logan Finance Corporation | $2,260,000 | $425,000 | -81.2% | 0.0% |
| ADVANCIAL | $635,000 | $415,000 | -34.6% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,210,000 | $415,000 | -65.7% | 0.0% |
| Sun East Federal Credit Union | $600,000 | $415,000 | -30.8% | 0.0% |
| Ally Bank | $2,640,000 | $405,000 | -84.7% | 0.0% |
| Jonestown Bank and Trust Company, of Jonestown, Pennsylvania | $405,000 | n/a | 0.0% | |
| Plains Commerce Bank | $155,000 | $405,000 | 161.3% | 0.0% |
| ALL REVERSE MORTGAGE, INC. | $1,090,000 | $395,000 | -63.8% | 0.0% |
| Florida Capital Bank | $1,315,000 | $395,000 | -70.0% | 0.0% |
| Peapack-Gladstone Bank | $1,105,000 | $395,000 | -64.3% | 0.0% |
| The Federal Savings Bank | $355,000 | $395,000 | 11.3% | 0.0% |
| FEDERATED LENDING CORPORATION | $1,385,000 | $385,000 | -72.2% | 0.0% |
| GLENDENNING MORTGAGE CORPORATION | $225,000 | $385,000 | 71.1% | 0.0% |
| NP, Inc. | $370,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $165,000 | $365,000 | 121.2% | 0.0% |
| MDE Home Loans, LLC | $365,000 | n/a | 0.0% | |
| MORTGAGE ACCESS CORP. | $1,110,000 | $360,000 | -67.6% | 0.0% |
| First Bank | $1,170,000 | $355,000 | -69.7% | 0.0% |
| T2 FINANCIAL LLC | $3,100,000 | $355,000 | -88.5% | 0.0% |
| ABCO Federal Credit Union | $285,000 | $345,000 | 21.1% | 0.0% |
| Baxter Credit Union | $385,000 | $335,000 | -13.0% | 0.0% |
| BOND STREET MORTGAGE, LLC | $335,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $335,000 | n/a | 0.0% | |
| East Coast Capital Corp. | $375,000 | $335,000 | -10.7% | 0.0% |
| GTE Federal Credit Union | $325,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $4,140,000 | $325,000 | -92.1% | 0.0% |
| WINGS FINANCIAL | $315,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $305,000 | n/a | 0.0% | |
| DIRECT MORTGAGE LOANS, LLC | $265,000 | $295,000 | 11.3% | 0.0% |
| Fifth Third Bank | $295,000 | n/a | 0.0% | |
| Carrington Mortgage Services, LLC | $1,690,000 | $290,000 | -82.8% | 0.0% |
| LAFAYETTE FEDERAL CREDIT UNION | $275,000 | n/a | 0.0% | |
| JMAC LENDING, INC. | $265,000 | n/a | 0.0% | |
| Kwik Mortgage Corporation | $1,245,000 | $265,000 | -78.7% | 0.0% |
| NEW DAY FINANCIAL, LLC | $1,750,000 | $265,000 | -84.9% | 0.0% |
| FEDERATED MORTGAGE CORP. | $255,000 | n/a | 0.0% | |
| AmRes Corporation | $2,390,000 | $245,000 | -89.7% | 0.0% |
| Northwest Federal Credit Union | $245,000 | n/a | 0.0% | |
| MEMBER FIRST MORTGAGE, LLC | $235,000 | n/a | 0.0% | |
| PANORAMA MORTGAGE GROUP, LLC | $425,000 | $235,000 | -44.7% | 0.0% |
| Quaint Oak Mortgage, LLC | $2,940,000 | $235,000 | -92.0% | 0.0% |
| Regions Bank | $235,000 | n/a | 0.0% | |
| Royal Business Bank | $235,000 | n/a | 0.0% | |
| Bank of England | $315,000 | $225,000 | -28.6% | 0.0% |
| SCIENT Federal Credit Union | $225,000 | n/a | 0.0% | |
| LOANPAL, LLC | $215,000 | n/a | 0.0% | |
| Nations Lending Corporation | $1,095,000 | $215,000 | -80.4% | 0.0% |
| Sharon Bank | $215,000 | n/a | 0.0% | |
| Liberty Savings Bank, F.S.B. | $205,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $495,000 | $195,000 | -60.6% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $195,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $185,000 | n/a | 0.0% | |
| WALL STREET MORTGAGE BANKERS, LTD. | $615,000 | $185,000 | -69.9% | 0.0% |
| ALLIANT CREDIT UNION | $310,000 | $175,000 | -43.5% | 0.0% |
| York Traditions Bank | $165,000 | $175,000 | 6.1% | 0.0% |
| Citadel Servicing Corporation | $1,920,000 | $155,000 | -91.9% | 0.0% |
| LENDINGONE, LLC | $960,000 | $155,000 | -83.9% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,015,000 | $155,000 | -92.3% | 0.0% |
| Centier Bank | $65,000 | $150,000 | 130.8% | 0.0% |
| BETTER MORTGAGE CORPORATION | $5,135,000 | $145,000 | -97.2% | 0.0% |
| BENCHMARK Federal Credit Union | $1,885,000 | $135,000 | -92.8% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $130,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $2,100,000 | $125,000 | -94.0% | 0.0% |
| A&D Mortgage LLC | $205,000 | $115,000 | -43.9% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $1,685,000 | $115,000 | -93.2% | 0.0% |
| GREENWOOD | $115,000 | n/a | 0.0% | |
| Schuyler Savings Bank | $115,000 | n/a | 0.0% | |
| CHEVRON | $105,000 | n/a | 0.0% | |
| Northfield Bank | $585,000 | $105,000 | -82.1% | 0.0% |
| Connexus Credit Union | $95,000 | n/a | 0.0% | |
| Pennsville National Bank | $85,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $85,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $690,000 | $65,000 | -90.6% | 0.0% |
| First Financial Federal Credit Union | $55,000 | n/a | 0.0% | |
| First National Bank and Trust Company of Newtown | $55,000 | n/a | 0.0% | |
| MERCK EMPLOYEES FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| NORRISTOWN BELL | $35,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $1,125,000 | $35,000 | -96.9% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% |
OCEAN CITY's top lender by overall market share is Citizens Bank, with 10.2% market share. In second place, with 4.8%, is OceanFirst Bank, having originated $82,000,000 in loans. In third place, with 4.4%, is U.S. Bank, having originated $75,285,000 in loans. In fourth place, with 4.2%, is TD Bank, having originated $71,675,000 in loans. In fifth place, with 3.8%, is Crest Savings Bank, having originated $64,855,000 in loans.
OCEAN CITY Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - OCEAN CITY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $399,900 (2.8%) | $686,088 (11.8%) | 0.00 | 2,141 |
| 2018-02-01 | $412,225 (3.3%) | $699,840 (10.6%) | 0.00 | 2,230 |
| 2018-03-01 | $415,000 (4.0%) | $709,696 (11.1%) | 0.00 | 2,230 |
| 2018-04-01 | $419,450 (7.6%) | $718,298 (11.8%) | 0.00 | 2,209 |
| 2018-05-01 | $404,500 (3.7%) | $711,945 (9.6%) | 0.00 | 2,217 |
| 2018-06-01 | $413,250 (5.1%) | $727,118 (10.1%) | 0.00 | 2,164 |
| 2018-07-01 | $411,850 (5.6%) | $744,041 (11.1%) | 0.00 | 2,129 |
| 2018-08-01 | $408,500 (7.5%) | $754,201 (12.3%) | 0.00 | 2,153 |
| 2018-09-01 | $414,950 (6.4%) | $746,821 (11.7%) | 0.00 | 2,178 |
| 2018-10-01 | $419,450 (5.1%) | $754,753 (11.2%) | 0.00 | 2,183 |
| 2018-11-01 | $423,725 (6.3%) | $749,974 (10.4%) | 0.00 | 2,191 |
| 2018-12-01 | $425,000 (6.5%) | $750,991 (11.1%) | 0.00 | 2,126 |
| 2019-01-01 | $428,075 (7.1%) | $756,698 (10.3%) | 0.00 | 2,046 |
| 2019-02-01 | $441,950 (7.2%) | $767,394 (9.7%) | 0.00 | 2,135 |
| 2019-03-01 | $440,657 (6.2%) | $760,432 (7.2%) | 0.00 | 2,189 |
| 2019-04-01 | $435,000 (3.7%) | $747,706 (4.1%) | 0.00 | 2,215 |
| 2019-05-01 | $433,625 (7.2%) | $739,312 (3.8%) | 0.00 | 2,186 |
| 2019-06-01 | $448,500 (8.5%) | $741,204 (1.9%) | 0.00 | 2,124 |
| 2019-07-01 | $449,000 (9.0%) | $759,867 (2.1%) | 0.00 | 2,050 |
| 2019-08-01 | $449,000 (9.9%) | $766,728 (1.7%) | 0.00 | 2,016 |
| 2019-09-01 | $449,000 (8.2%) | $763,597 (2.3%) | 0.00 | 1,988 |
| 2019-10-01 | $454,000 (8.2%) | $766,251 (1.5%) | 0.00 | 1,965 |
| 2019-11-01 | $474,900 (12.1%) | $781,297 (4.2%) | 0.00 | 1,875 |
| 2019-12-01 | $474,900 (11.7%) | $785,720 (4.6%) | 0.00 | 1,756 |
| 2020-01-01 | $479,900 (12.1%) | $1,030,324 (36.2%) | 0.00 | 1,686 |
| 2020-02-01 | $485,000 (9.7%) | $1,053,221 (37.3%) | 0.00 | 1,697 |
| 2020-03-01 | $494,500 (12.2%) | $823,625 (8.3%) | 0.00 | 1,680 |
| 2020-04-01 | $499,000 (14.7%) | $821,888 (9.9%) | 0.00 | 1,644 |
| 2020-05-01 | $499,000 (15.1%) | $829,298 (12.2%) | 0.00 | 1,570 |
| 2020-06-01 | $512,500 (14.3%) | $911,443 (23.0%) | 0.00 | 1,406 |
| 2020-07-01 | $499,950 (11.4%) | $927,433 (22.1%) | 0.00 | 1,196 |
| 2020-08-01 | $495,000 (10.2%) | $901,556 (17.6%) | 0.00 | 1,115 |
| 2020-09-01 | $522,400 (16.4%) | $891,758 (16.8%) | 0.00 | 1,088 |
| 2020-10-01 | $529,000 (16.5%) | $910,487 (18.8%) | 0.00 | 1,044 |
| 2020-11-01 | $549,675 (15.8%) | $936,363 (19.9%) | 0.00 | 962 |
| 2020-12-01 | $552,250 (16.3%) | $938,647 (19.5%) | 0.00 | 881 |
| 2021-01-01 | $559,000 (16.5%) | $944,565 (-8.3%) | 0.00 | 749 |
| 2021-02-01 | $594,450 (22.6%) | $1,042,501 (-1.0%) | 0.00 | 602 |
| 2021-03-01 | $649,725 (31.4%) | $1,085,558 (31.8%) | 0.00 | 609 |
| 2021-04-01 | $649,950 (30.3%) | $1,166,510 (41.9%) | 0.00 | 654 |
| 2021-05-01 | $675,000 (35.3%) | $1,183,157 (42.7%) | 0.00 | 652 |
| 2021-06-01 | $659,900 (28.8%) | $1,144,741 (25.6%) | 0.00 | 740 |
| 2021-07-01 | $619,000 (23.8%) | $1,083,934 (16.9%) | 0.00 | 768 |
| 2021-08-01 | $626,973 (26.7%) | $1,084,223 (20.3%) | 0.00 | 851 |
| 2021-09-01 | $599,943 (14.8%) | $1,048,410 (17.6%) | 0.00 | 913 |
| 2021-10-01 | $649,000 (22.7%) | $1,077,306 (18.3%) | 0.00 | 888 |
| 2021-11-01 | $695,000 (26.4%) | $1,143,238 (22.1%) | 0.00 | 812 |
| 2021-12-01 | $677,450 (22.7%) | $1,140,091 (21.5%) | 0.00 | 750 |
| 2022-01-01 | $689,000 (23.3%) | $1,188,813 (25.9%) | 0.00 | 615 |
| 2022-02-01 | $738,000 (24.2%) | $1,257,453 (20.6%) | 0.00 | 563 |
| 2022-03-01 | $767,950 (18.2%) | $1,294,309 (19.2%) | 0.00 | 545 |
| 2022-04-01 | $792,500 (21.9%) | $1,373,419 (17.7%) | 0.00 | 576 |
| 2022-05-01 | $797,450 (18.1%) | $1,378,253 (16.5%) | 0.00 | 684 |
| 2022-06-01 | $775,000 (17.4%) | $1,371,150 (19.8%) | 0.00 | 758 |
| 2022-07-01 | $724,900 (17.1%) | $1,301,540 (20.1%) | 0.00 | 863 |
| 2022-08-01 | $746,550 (19.1%) | $1,333,912 (23.0%) | 0.00 | 874 |
| 2022-09-01 | $794,500 (32.4%) | $1,331,001 (27.0%) | 0.00 | 884 |
| 2022-10-01 | $799,900 (23.3%) | $1,342,416 (24.6%) | 0.00 | 913 |
| 2022-11-01 | $799,950 (15.1%) | $1,370,826 (19.9%) | 0.00 | 899 |
| 2022-12-01 | $824,900 (21.8%) | $1,361,256 (19.4%) | 0.00 | 834 |
| 2023-01-01 | $835,000 (21.2%) | $1,421,437 (19.6%) | 0.00 | 769 |
| 2023-02-01 | $889,500 (20.5%) | $1,458,037 (16.0%) | 0.00 | 753 |
| 2023-03-01 | $899,000 (17.1%) | $1,514,079 (17.0%) | 0.00 | 737 |
| 2023-04-01 | $899,000 (13.4%) | $1,520,524 (10.7%) | 0.00 | 714 |
| 2023-05-01 | $935,750 (17.3%) | $1,568,262 (13.8%) | 0.00 | 702 |
| 2023-06-01 | $962,991 (24.3%) | $1,650,580 (20.4%) | 0.00 | 702 |
| 2023-07-01 | $974,450 (34.4%) | $1,683,743 (29.4%) | 0.00 | 711 |
| 2023-08-01 | $994,000 (33.2%) | $1,734,322 (30.0%) | 0.00 | 690 |
| 2023-09-01 | $950,000 (19.6%) | $1,710,854 (28.5%) | 0.00 | 725 |
| 2023-10-01 | $926,450 (15.8%) | $1,607,532 (19.8%) | 0.00 | 784 |
| 2023-11-01 | $884,112 (10.5%) | $1,552,095 (13.2%) | 0.00 | 805 |
| 2023-12-01 | $900,000 (9.1%) | $1,565,212 (15.0%) | 0.00 | 775 |
| 2024-01-01 | $924,975 (10.8%) | $1,571,207 (10.5%) | 0.00 | 705 |
| 2024-02-01 | $899,900 (1.2%) | $1,579,666 (8.3%) | 0.00 | 729 |
| 2024-03-01 | $919,450 (2.3%) | $1,632,957 (7.9%) | 0.00 | 794 |
| 2024-04-01 | $949,000 (5.6%) | $1,667,846 (9.7%) | 0.00 | 814 |
| 2024-05-01 | $973,500 (4.0%) | $1,668,007 (6.4%) | 0.00 | 827 |
| 2024-06-01 | $939,900 (-2.4%) | $1,678,984 (1.7%) | 0.00 | 866 |
| 2024-07-01 | $924,450 (-5.1%) | $1,698,393 (0.9%) | 0.00 | 842 |
| 2024-08-01 | $899,900 (-9.5%) | $1,747,280 (0.8%) | 0.00 | 822 |
| 2024-09-01 | $899,000 (-5.4%) | $1,684,323 (-1.6%) | 0.00 | 872 |
| 2024-10-01 | $891,694 (-3.8%) | $1,606,299 (-0.1%) | 0.00 | 903 |
| 2024-11-01 | $869,000 (-1.7%) | $1,575,477 (1.5%) | 0.00 | 897 |
OCEAN CITY's median listing price for 2024-11-01 was $869,000, a difference of
$-15,112
(-1.7%) versus the prior year and
$-22,694 versus the prior month.
OCEAN CITY's median listing price comes in at 0% of the national average.
OCEAN CITY's average listing price for 2024-11-01 was $1,575,477, a difference of $23,382 (1.5%) versus the prior year and $-30,822 versus the prior month.
For the 2024-11-01 period, OCEAN CITY had 897 MLS listings, a difference of -6 listings (-1%) versus the prior month and 92 listings (11%) versus the prior year.
OCEAN CITY's median listing price comes in at 0% of the national average.
OCEAN CITY's average listing price for 2024-11-01 was $1,575,477, a difference of $23,382 (1.5%) versus the prior year and $-30,822 versus the prior month.
For the 2024-11-01 period, OCEAN CITY had 897 MLS listings, a difference of -6 listings (-1%) versus the prior month and 92 listings (11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - OCEAN CITY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,590 sqft |
| 2018-02-01 | 0 days | 1,590 sqft |
| 2018-03-01 | 0 days | 1,592 sqft |
| 2018-04-01 | 0 days | 1,600 sqft |
| 2018-05-01 | 0 days | 1,592 sqft |
| 2018-06-01 | 0 days | 1,600 sqft |
| 2018-07-01 | 0 days | 1,600 sqft |
| 2018-08-01 | 0 days | 1,600 sqft |
| 2018-09-01 | 0 days | 1,580 sqft |
| 2018-10-01 | 0 days | 1,577 sqft |
| 2018-11-01 | 0 days | 1,567 sqft |
| 2018-12-01 | 0 days | 1,564 sqft |
| 2019-01-01 | 0 days | 1,567 sqft |
| 2019-02-01 | 0 days | 1,549 sqft |
| 2019-03-01 | 0 days | 1,520 sqft |
| 2019-04-01 | 0 days | 1,520 sqft |
| 2019-05-01 | 0 days | 1,527 sqft |
| 2019-06-01 | 0 days | 1,560 sqft |
| 2019-07-01 | 0 days | 1,578 sqft |
| 2019-08-01 | 0 days | 1,592 sqft |
| 2019-09-01 | 0 days | 1,606 sqft |
| 2019-10-01 | 0 days | 1,615 sqft |
| 2019-11-01 | 0 days | 1,622 sqft |
| 2019-12-01 | 0 days | 1,601 sqft |
| 2020-01-01 | 0 days | 1,600 sqft |
| 2020-02-01 | 0 days | 1,615 sqft |
| 2020-03-01 | 0 days | 1,656 sqft |
| 2020-04-01 | 0 days | 1,679 sqft |
| 2020-05-01 | 0 days | 1,700 sqft |
| 2020-06-01 | 0 days | 1,732 sqft |
| 2020-07-01 | 0 days | 1,718 sqft |
| 2020-08-01 | 0 days | 1,680 sqft |
| 2020-09-01 | 0 days | 1,601 sqft |
| 2020-10-01 | 0 days | 1,600 sqft |
| 2020-11-01 | 0 days | 1,608 sqft |
| 2020-12-01 | 0 days | 1,629 sqft |
| 2021-01-01 | 0 days | 1,680 sqft |
| 2021-02-01 | 0 days | 1,686 sqft |
| 2021-03-01 | 0 days | 1,585 sqft |
| 2021-04-01 | 0 days | 1,603 sqft |
| 2021-05-01 | 0 days | 1,700 sqft |
| 2021-06-01 | 0 days | 1,658 sqft |
| 2021-07-01 | 0 days | 1,597 sqft |
| 2021-08-01 | 0 days | 1,587 sqft |
| 2021-09-01 | 0 days | 1,550 sqft |
| 2021-10-01 | 0 days | 1,549 sqft |
| 2021-11-01 | 0 days | 1,600 sqft |
| 2021-12-01 | 0 days | 1,600 sqft |
| 2022-01-01 | 0 days | 1,637 sqft |
| 2022-02-01 | 0 days | 1,668 sqft |
| 2022-03-01 | 0 days | 1,720 sqft |
| 2022-04-01 | 0 days | 1,700 sqft |
| 2022-05-01 | 0 days | 1,785 sqft |
| 2022-06-01 | 0 days | 1,736 sqft |
| 2022-07-01 | 0 days | 1,677 sqft |
| 2022-08-01 | 0 days | 1,653 sqft |
| 2022-09-01 | 0 days | 1,699 sqft |
| 2022-10-01 | 0 days | 1,732 sqft |
| 2022-11-01 | 0 days | 1,703 sqft |
| 2022-12-01 | 0 days | 1,640 sqft |
| 2023-01-01 | 0 days | 1,700 sqft |
| 2023-02-01 | 0 days | 1,704 sqft |
| 2023-03-01 | 0 days | 1,717 sqft |
| 2023-04-01 | 0 days | 1,736 sqft |
| 2023-05-01 | 0 days | 1,750 sqft |
| 2023-06-01 | 0 days | 1,734 sqft |
| 2023-07-01 | 0 days | 1,810 sqft |
| 2023-08-01 | 0 days | 1,814 sqft |
| 2023-09-01 | 0 days | 1,734 sqft |
| 2023-10-01 | 0 days | 1,710 sqft |
| 2023-11-01 | 0 days | 1,665 sqft |
| 2023-12-01 | 0 days | 1,710 sqft |
| 2024-01-01 | 0 days | 1,700 sqft |
| 2024-02-01 | 0 days | 1,711 sqft |
| 2024-03-01 | 0 days | 1,702 sqft |
| 2024-04-01 | 0 days | 1,735 sqft |
| 2024-05-01 | 0 days | 1,755 sqft |
| 2024-06-01 | 0 days | 1,786 sqft |
| 2024-07-01 | 0 days | 1,822 sqft |
| 2024-08-01 | 0 days | 1,808 sqft |
| 2024-09-01 | 0 days | 1,753 sqft |
| 2024-10-01 | 0 days | 1,713 sqft |
| 2024-11-01 | 0 days | 1,636 sqft |
OCEAN CITY's median listing age (time on market) for 2024-11-01 was 0 days.
OCEAN CITY's median square footage for active listings during the 2024-11-01 period was 1,636 sqft. One year prior, the average listing was 1,665 sqft.
OCEAN CITY's median square footage for active listings during the 2024-11-01 period was 1,636 sqft. One year prior, the average listing was 1,665 sqft.
OCEAN CITY, NJ Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 8202 | Ocean City, NJ MSA | $1,160 | $1,310 | $1,720 | $2,130 | $2,310 |
| 8204 | Ocean City, NJ MSA | $1,020 | $1,150 | $1,510 | $1,870 | $2,030 |
| 8210 | Ocean City, NJ MSA | $1,170 | $1,320 | $1,740 | $2,160 | $2,340 |
| 8212 | Ocean City, NJ MSA | $1,190 | $1,360 | $1,800 | $2,230 | $2,430 |
| 8214 | Ocean City, NJ MSA | $1,050 | $1,180 | $1,550 | $1,920 | $2,080 |
| 8218 | Ocean City, NJ MSA | $1,050 | $1,180 | $1,550 | $1,920 | $2,080 |
| 8219 | Ocean City, NJ MSA | $1,050 | $1,180 | $1,550 | $1,920 | $2,080 |
| 8223 | Ocean City, NJ MSA | $1,230 | $1,380 | $1,820 | $2,260 | $2,440 |
| 8226 | Ocean City, NJ MSA | $1,150 | $1,290 | $1,700 | $2,110 | $2,280 |
| 8230 | Ocean City, NJ MSA | $1,010 | $1,140 | $1,500 | $1,860 | $2,020 |
| 8242 | Ocean City, NJ MSA | $970 | $1,090 | $1,440 | $1,790 | $1,930 |
| 8243 | Ocean City, NJ MSA | $1,300 | $1,470 | $1,930 | $2,400 | $2,590 |
| 8245 | Ocean City, NJ MSA | $1,050 | $1,180 | $1,550 | $1,920 | $2,080 |
| 8246 | Ocean City, NJ MSA | $1,170 | $1,320 | $1,740 | $2,160 | $2,340 |
| 8247 | Ocean City, NJ MSA | $1,130 | $1,270 | $1,670 | $2,070 | $2,240 |
| 8248 | Ocean City, NJ MSA | $1,240 | $1,400 | $1,840 | $2,280 | $2,460 |
| 8250 | Ocean City, NJ MSA | $1,050 | $1,180 | $1,550 | $1,920 | $2,080 |
| 8251 | Ocean City, NJ MSA | $1,110 | $1,250 | $1,640 | $2,040 | $2,200 |
| 8252 | Ocean City, NJ MSA | $1,050 | $1,180 | $1,550 | $1,920 | $2,080 |
| 8260 | Ocean City, NJ MSA | $900 | $1,020 | $1,340 | $1,660 | $1,800 |
| 8270 | Ocean City, NJ MSA | $1,000 | $1,130 | $1,480 | $1,870 | $2,020 |
| 8314 | Ocean City, NJ MSA | $1,090 | $1,140 | $1,470 | $1,940 | $2,080 |
2022 Average & Median Rent Data Statistics
OCEAN CITY, NJ average 1BR rent: $1,233, median: $1,180
OCEAN CITY, NJ average 2BR rent: $1,620, median: $1,550
OCEAN CITY, NJ average 3BR rent: $2,016, median: $1,930
OCEAN CITY, NJ Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,079 | $1,277,885,000 | $614,663 |
| Home Improvement | 471 | $96,225,000 | $204,299 |
| Other | 386 | $111,160,000 | $287,979 |
| Cash Out Refi | 366 | $106,100,000 | $289,891 |
| Refi | 250 | $112,180,000 | $448,720 |
Ocean City's most frequently cited loan purpose was Home Purchase, with 2,079 originations. The 2nd most popular reason was Home Improvement, with 471 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,042 | $525,080,000 | $503,916 |
| 7-8% | 836 | $340,900,000 | $407,775 |
| Over 8% | 613 | $180,585,000 | $294,592 |
| 5-6% | 518 | $374,180,000 | $722,355 |
| 4-5% | 69 | $76,655,000 | $1,110,942 |
| 2.5-3% | 17 | $3,495,000 | $205,588 |
| <2.5% | 15 | $2,465,000 | $164,333 |
| 3-4% | 7 | $2,965,000 | $423,571 |
During 2023, Ocean City's most frequently originated rate bucket was 6-7%, with 1,042 originations.
Loan Sizing (OCEAN CITY, NJ MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,079 | $309,305,000 | $286,659 |
| $400k-600k | 599 | $289,025,000 | $482,513 |
| $100k-200k | 585 | $84,765,000 | $144,897 |
| $100,000 or less | 513 | $28,405,000 | $55,370 |
| $600k-1000k | 409 | $305,775,000 | $747,616 |
| $Over $1MM | 367 | $686,275,000 | $1,869,959 |
OCEAN CITY's loan sizing saw the bucket of loans from $200k-400k with 1,079 originations, totaling $309,305,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 961 | $652,915,000 | $679,412 |
| Under 20% | 607 | $79,395,000 | $130,799 |
| 80-100% | 596 | $346,640,000 | $581,611 |
| 20-40% | 500 | $158,060,000 | $316,120 |
| 40-60% | 431 | $267,555,000 | $620,777 |
| Over 100% | 11 | $5,345,000 | $485,909 |
OCEAN CITY's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 961 originations, totaling $652,915,000 in origination value.