Ocean Ave / 5th Ave median real estate price is $527,534, which is more expensive than 87.7% of the neighborhoods in New Jersey and 90.1% of the neighborhoods in the U.S.
The average rental price in Ocean Ave / 5th Ave is currently $1,686, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.1% of the neighborhoods in New Jersey.
Ocean Ave / 5th Ave is an urban neighborhood (based on population density) located in Belmar, New Jersey. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Ocean Ave / 5th Ave real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Ocean Ave / 5th Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Ocean Ave / 5th Ave. The current real estate vacancy rate here is 27.4%. This is higher than the rate of vacancies in 92.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (20.8%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.