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Ocean City, NJ View area description and map

 

Market Hotness

4.0

12 mos. permits per 1,000 residents

Last update Sep '09Sources and methods - click for more info

Job Growth

-1.0%

Annual rate last 4 quarters

Last update Sep '09Sources and methods - click for more info

Res. Permits

-34%

YTD change vs. prior year

Last update Sep '09Sources and methods - click for more info
 
 

Ocean City Permits

Percentage change year over year

  Single Family Multifamily Units  
  Permits Chg. 2 Units 3-4 Units +5 Units All Multi Chg. Total Units Chg.
9 Mos. 2009 184 -32% 32 0 0 32 -44% 216 -34%
2009 3Q 77 +3% 12 0 0 12 -45% 89 -8%
2Q 59 -24% 4 0 0 4 -81% 63 -36%
1Q 48 -59% 16 0 0 16 +14% 64 -51%
2008 4Q 109 +0% 34 0 15 49 -25% 158 -9%
3Q 75 -63% 8 6 8 22 -49% 97 -60%
Annuals                  
2008 379 -39% 62 10 34 106 -77% 485 -55%
2007 625 -19% 148 41 267 456 -43% 1,081 -32%
2006 774 -31% 276 107 423 806 -38% 1,580 -35%
Last update Sep '09Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Sep '09

4.0

Last update Sep '09Sources and methods - click for more info

Density Information

Calculated per square mile

Q2 '09Q2 '08Chg.
Population367.54372.09-1.2%
Housing Unit402.16400.690.4%
Market Density Index (MDI)
Total Permits1.472.51-41.4%
SF Permits1.151.60-28.1%
MF Permits0.320.91-64.8%
Last update Sep '09Sources and methods - click for more info

Existing Housing Stock

102,631

Ocean City, NJ

Last update Sep '09Sources and methods - click for more info

Population

Based on Census Bureau estimates

Sep '09

93,797

Last update Sep '09Sources and methods - click for more info

Construction Trends

Share of permits by dwelling type

9 Months '09Share
Single-Family85%
Multifamily15%
2004-2008Avg.Share
Single-Family56%
Multifamily44%
Last update Sep '09Sources and methods - click for more info
 

Ocean City Employment Trends

Employment numbers in thousands

Employment Sector No.of Jobs Last 1 Year Change Last 1 Year Job Growth Last 2 Years Change Last 2 Years Job Growth
Total 47.9 -0.5 -1.0% 0.3 0.6%
Trade 7.1 -0.5 -7.0% 0.0 0.0%
Services 17.1 -1.6 -9.4% 0.7 3.7%
Government 9.3 -0.8 -8.6% 0.0 0.0%
Unemployed at end of period (rate) 3.4 5.5% 2.5 4.2%
Last update Sep '09Sources and methods - click for more info