According to a report by Markets and Research, published in December 2015, the global vacation rental market is expected to reach $169.7 billion by 2019. New technology-oriented start-ups and preference of vacation homes over hotels are expected to act as the fuel for this growth.
According to an article published in Zillow, the average value of homes in Ocean County is $268,000, as of October 31, 2016. Although the value has gone up 3.4% in the last year, the median per foot value, which stands at $167, is far less than the $247, which is the average for New York, as of the same date. This makes the Ocean County a fairly affordable place to live in.