Why is This a Great Time to Buy a Home in Ocean County?

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.

Even if you are looking to rent a place instead of buying it, Ocean County offers attractive prices. According to the Zillow report, the median rent price in the New York Metro Area is $2,800, while it is just $1,600 in Ocean County.

This affordability has made Ocean County a preferred location for many, and with prices estimated to rise by another 2.9% in 2017, this might be the best time to make a purchase.

Reasons to Live in Ocean City

  1. Better Options for Education

It is home to some of the finest educational institutions in the state, such as Ocean County College, which is a two year community college, Georgian Court University, Beth Medrash Govoha and Toms River Regional Schools, the state’s largest suburban school district. Other than these, the county also has many vocational high school programs. All these make Ocean City a perfect place to bring up children.

  1. Entertainment Hub

The long stretch of beach along the Atlantic Ocean makes it the perfect place to enjoy your vacations. Seaside Heights and Point Pleasant Beach are famous oceanfront boardwalk resorts. Six Flag Great Adventure is America’s largest Six Flags theme park and has the country’s tallest and formerly fastest roller coaster, Kingda Ka. You can also enjoy various water sports and hang out at the Ocean County Mall in Toms River, which is spread across an area of 898,000 square feet.

  1. Road Network and Connectivity

Ocean County has a large network of roads with a total length of 2,958.58 miles. Some of the major routes, including Route 13, Route 35, Route 70 and Route 88, pass through it, ensuring great connectivity to other important parts of the country.

  1. Excellent Public Transport

Living in Ocean County, traveling should never be an issue for you. It is well connected through railway lines and Ocean Ride also operates 12 local bus routes in the county. Additionally, it is located in close proximity to Philadelphia.

With all of the perks Ocean County has to offer, it would be a smart choice to invest now before prices begin to rise once again.