Ocean Acres, NJ Profile: Facts & Data

The Ocean Acres CDP⁽¹⁾ had a population of 19,961 as of July 1, 2024. Ocean Acres ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Ocean Acres is located at latitude 39.7435 and longitude -74.281 in Ocean County. The formal boundaries for the Ocean Acres Census Designated Place encompass a land area of 5.85 sq. miles and a water area of 0.11 sq. miles. Ocean County is in the Eastern time zone (GMT -5).

The Ocean Acres Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Ocean Acres, NJ Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	19,961 (100%)
Population in Households	19,916 (99.8%)
Population in Families	17,157 (86.0%)
Population in Group Quarters¹	45 ( 0.2%)
Population Density	3,426
Diversity Index²	37


INCOME
Median Household Income	$102,130
Average Household Income	$137,133
% of Income for Mortgage⁴	24%
Per Capita Income	$50,161
Wealth Index⁵	144
Socioeconomic Status Index⁶	Moderate (58.7)

HOUSING
Total HU (Housing Units)	7,698 (100%)
Owner Occupied HU	6,558 (85.2%)
Renter Occupied HU	743 ( 9.7%)
Vacant Housing Units	397 ( 5.2%)
Median Home Value	$382,893
Average Home Value	$450,427
Housing Affordability Index³	95

HOUSEHOLDS
Total Households	7,301
Average Household Size	2.73
Family Households	5,356
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Ocean Acres, NJ - Peer Comparisons by Rank and Percentile

The table below compares Ocean Acres to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	2.22%	0.72%
Households	2.70%	1.04%
Families		0.88%
Median Household Income		2.23%
Per Capita Income		3.04%
Owner Occupied HU		1.41%

Variable Description	Rank	Percentile
Total Population	# 60	92nd
Population Density	# 231	67th
Median Household Income	# 405	42nd
Housing Affordability Index	# 536	77th
Per Capita Income	# 421	40th
Diversity Index	# 529	25th

Ocean Acres, NJ Profile: Facts & Data

Ocean Acres, New Jersey - Basic Facts

Ocean Acres, NJ Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Ocean Acres, NJ - Peer Comparisons by Rank and Percentile

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