What is the Best Neighborhoods USA ranking for Ocean Grove?
Ocean Grove is ranked No published Neptune Township rank is currently available; #40 of 137 eligible neighborhoods in NJ; and #4,796 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Ocean Grove
Neptune Township, NJ | Monmouth County
Scored premium profile
Best Neighborhoods USA Index
57.7
Stability and Strength
60.1
Value Opportunity
40.5
Momentum
77.7
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Neptune Township, NJ |
| County | Monmouth County |
| National rank | #4,796 of 14,967 |
| State rank | #40 of 137 |
| City rank | Not available |
| County rank | Not available |
| National percentile | 68.0 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,051,011 |
| Year-over-year home value change | 5.3% |
| Month-over-month home value change | 0.10% |
| Home value to income ratio | 10.78 |
| Median household income | $97,539 |
| Bachelor's degree or higher | 69.2% |
| Civilian unemployment rate | 4.3% |
| Homeownership rate | 63.1% |
| Housing vacancy rate | 37.8% |
| Rent burden 30% or higher | 44.3% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Ocean Grove
Is Ocean Grove one of the best neighborhoods in Neptune Township?
Ocean Grove has a Best Neighborhoods USA Index of 57.7 and a city ranking of No published Neptune Township rank is currently available.
How much are homes worth in Ocean Grove?
The current Zillow Home Value Index for Ocean Grove is approximately $1,051,011.
Are home values rising or falling in Ocean Grove?
Zillow neighborhood values changed 5.3% year over year and 0.10% month over month.
What is the Neighborhood Momentum Score for Ocean Grove?
Ocean Grove has a Neighborhood Momentum Score of 77.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Ocean Grove?
The NDS-derived neighborhood median household income is approximately $97,539.
How affordable is Ocean Grove relative to household income?
The current Zillow home-value-to-household-income ratio is 10.78. Price-to-income affordability is a major Value Opportunity input.
Is Ocean Grove primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 63.1%.
What is the unemployment rate in Ocean Grove?
The NDS-derived civilian unemployment rate is approximately 4.3%.
How educated are residents of Ocean Grove?
Approximately 69.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Ocean Grove face high rent burden?
Approximately 44.3% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Ocean Grove?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications143
Estimated originations76
Home-purchase applications67
Origination rate53.0%
Home-purchase share46.8%
Average application loan$441,278
Total application loan amount$62,921,771
National application rank#3,085 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 25.1% YoY; originations 39.6% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.