Construction Value
$105.9M ▼ 7.5%
Units Permitted
1,481 ▼ 11.1%
Avg Value / Unit
$71K
2024 · Census Bureau Building Permits Survey
Construction activity in Lakewood slowed in 2024, down 11.1% from the prior year with 1,481 housing units permitted. At $71K per unit, new builds are 71% below the Ocean County average of $246K, indicating more affordable construction. Volume is 1,706% above the county average of 82 units, suggesting faster-than-typical growth. 15.3% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
Mostly single-family with some small multi-unit buildings.
Construction Intensityi
$783
per resident
County avg: $8K-91%
Lakewood vs. Ocean County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 1,254 | 1,254 | $92.4M | 87% |
| ■ Duplex | 84 | 42 | $2.0M | 2% |
| ■ 3-4 Unit | 3 | 1 | $3K | 0% |
| ■ 5+ Unit | 140 | 8 | $11.4M | 11% |
County Ranking by Construction Volume
Among 33 permit-issuing towns in Ocean County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →