Construction Value
$8.8M ▲ 184.3%
Units Permitted
119 ▲ 310.3%
Avg Value / Unit
$74K
2024 · Census Bureau Building Permits Survey
Construction activity in Ocean City jumped in 2024, up 310.3% from the prior year with 119 housing units permitted. At $74K per unit, new builds are 70% below the Cape May County average of $246K, indicating more affordable construction. Volume is 45% above the county average of 82 units, suggesting faster-than-typical growth. All permits were for single-family homes.
Housing Mixi
Development Densityi
Units per building permitted
All construction is single-family detached homes.
Construction Intensityi
$786
per resident
County avg: $57K-99%
$1.3M
per square mile
Ocean City vs. Cape May County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 119 | 119 | $8.8M | 100% |
| ■ Duplex | 0 | 0 | — | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 0 | 0 | — | 0% |
County Ranking by Construction Volume
Among 33 permit-issuing towns in Cape May County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →