Income needed to buy a home
Ocean County, NJ
$195,841
a year in household income to buy the typical Ocean County home with 10% down.
The monthly math
Typical home value$551,072
Down payment (10%)$55,107
Loan$495,965
Principal and interest (7.40%)$3,434/mo
Property tax (1.42% a year)$653/mo
Homeowners insurance (estimate)$276/mo
Mortgage insurance$207/mo
Total monthly cost$4,570/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Out of reach
The typical household here earns $89,863 a year, 46% of what it takes.
In New Jersey
Ocean County ranks #10 of 21 for the income a home takes, from least to most.
Easiest to afford in New Jersey
| County | Typical home | Income needed |
|---|---|---|
| Cumberland County | $279,277 | $105,185 |
| Salem County | $301,049 | $115,245 |
| Camden County | $359,108 | $141,049 |
| Atlantic County | $385,559 | $143,011 |
| Gloucester County | $385,868 | $150,567 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.