US5.com
  1. Home
  2. States
  3. New Jersey
  4. ZIP 08406
  5. Housing & Real Estate
Ventnor City city, NJ

ZIP 08406 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08406

Median Home Value
$345,300
Median Rent
$1,311
Affordability Snapshot
$95,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,218/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 08406 in Ventnor City city, NJ, a household would need roughly $95,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,218. That is about 27% above the local median household income ($75,034), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 42% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
62.8%-4% vs US avg
x
Vacancy Rate
42.1%+309% vs US avg
x
Broadband Access
86.9%-0% vs US avg
x
4+ Bedrooms
9.6%-35% vs US avg
x
Built Pre-1939
7.8%-39% vs US avg
x
Built Post-2014
0.9%-88% vs US avg
x
Rent Burden >30%
19.2%-61% vs US avg
x
Mortgage-Free
54.0%+41% vs US avg
x
$345,300
Home Value
$1,311
Rent
1961
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached48.8%
  • 1-unit attached8.7%
  • 2-9 units22.1%
  • 10+ units20.3%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$345,300
Median rent$1,311
Owner-occupied62.8%
Vacant42.1%
Price-to-income4.6x
Est. income to buy$95,000