Permits through August 2026Yearly permits since 1995Cape May County index 1975–2025
Cape May County (100 = first year)United States, rebased to the same startNBER recession
House prices are indexed by county, not by city: this is Cape May County's FHFA index, with the national index rebased to the same start.
Census Bureau notes: building permit figures cover new privately owned housing units authorised by permit-issuing places; permits do not mean the units were started or completed, and places that report less often than monthly are imputed in monthly totals. FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties.
Ocean City, New Jersey (Cape May County), authorised 166 housing units through building permits in the 12 months to August 2026, +7.1% on the previous 12 months.
98 of those units were single-family houses (59%), 68 were in two- to four-unit buildings and 0 in buildings of five or more units. That is 15.0 units per 1,000 residents, well above the county's 8.7 and well above the state's 3.3.
Since 1995 the place has authorised 7,747 units, with the busiest year 2005 (534 units). Cape May County's FHFA house price index rose +118.1% over the ten years to 2025.
166units permitted, 12 months to August 2026+7.1% on the previous 12 months
98single-family units59% of the total
0units in 5+ unit buildings0% of the total
15.0units per 1,000 residentsCape May County 8.7 · New Jersey 3.3
Permits by month and structure type
Housing units authorised in Ocean City by month, latest 24 monthssingle-family2+ unit buildings
Units, 12 months to August 2026
Ocean City
Cape May County
New Jersey
United States
All housing units
166
809
31,546
1,418,086
Single-family (1 unit)
98 (59%)
660 (82%)
13,153 (42%)
888,241 (63%)
2 units
68
94
1,178
34,814
3–4 units
0
45
929
17,298
5 or more units
0 (0%)
10 (1%)
16,286 (52%)
477,733 (34%)
Units per 1,000 residents
15.0
8.7
3.3
4.1
Change on previous 12 months
+7.1%
−7.5%
−6.2%
−0.1%
Permits by year since 1995
Housing units authorised in Ocean City by year, 1995–2025single-family2+ unit buildings
7,747 units since 1995; the busiest year was 2005. Annual figures include units imputed for months a place did not report.
Home prices in Cape May County
FHFA's index for Cape May County rose +118.1% over the ten years to 2025 (+8.1% a year) and +3.9% in the latest year, against +87.7% and +6.2% for New Jersey. Full county page: decade table, peak-to-low declines, every ZIP code and every permit-issuing place in the county.
Questions and answers
How many homes are being built in Ocean City, NJ?
166 housing units were authorised by building permits in the 12 months to August 2026, against 155 in the previous 12 months.
What kind of housing is being permitted in Ocean City?
98 single-family units, 68 in two-unit buildings, 0 in three- and four-unit buildings and 0 in buildings of five or more units.
How does Ocean City compare with its county and state?
15.0 units per 1,000 residents in Ocean City, 8.7 in Cape May County and 3.3 in New Jersey.
How have home prices moved in Cape May County?
FHFA's index for Cape May County rose +118.1% over the ten years to 2025 and +3.9% in the latest year; the county page has the full series.
What does a permit count?
A housing unit authorised by a building permit for new privately owned residential construction, as reported to the Census Bureau Building Permits Survey by the permit-issuing office. Permits are not completions; some permitted units are never built, and places that report only annually are imputed in monthly figures.
Provenance
Permits: US Census Bureau, Building Permits Survey, place-level monthly and annual files through August 2026 (permit office 374000); county and state comparisons from the county and state files. Population: Census Bureau vintage 2025 estimates for incorporated places, matched on FIPS place code where the permit office is one. House price index: Federal Housing Finance Agency. Public domain. Corrections · Building Permits Survey.