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Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A home now sells for $440,000, with starter homes approaching $300,000. 

These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still , affordability keeps dropping, and are becoming harder to find as home values . This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were this year.

While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Ocean City?

To find out, found listings near the $500,000 mark to see what types of homes you can actually afford in Ocean City right now. Listings below $500,000 were included if necessary.

101 Rio Grande Ave, Rio Grande, NJ 08242
- Price: $499,500
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,233
- See 101 Rio Grande Ave, Rio Grande, NJ 08242 on

1 1St St, Middle Township, NJ 08210
- Price: $496,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,313
- See 1 1St St, Middle Township, NJ 08210 on

12 Scotty Blvd, Rio Grande, NJ 08242
- Price: $489,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,313
- See 12 Scotty Blvd, Rio Grande, NJ 08242 on

17 N 10Th St, Villas, NJ 08251
- Price: $499,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,934
- See 17 N 10Th St, Villas, NJ 08251 on

11 Country Village Dr, Cape May Court House, NJ 08210
- Price: $495,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,833
- See 11 Country Village Dr, Cape May Court House, NJ 08210 on

1029 Route 47 S, Rio Grande, NJ 08242
- Price: $499,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,879
- See 1029 Route 47 S, Rio Grande, NJ 08242 on

222 E Burk Ave, Wildwood, NJ 08260
- Price: $499,999
- 4 bedrooms, 2 bathrooms
- Square feet: 1,645
- See 222 E Burk Ave, Wildwood, NJ 08260 on

110 Oakdale Ave, Villas, NJ 08251
- Price: $498,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,536
- See 110 Oakdale Ave, Villas, NJ 08251 on

217 Mindy Ave, Cape May, NJ 08204
- Price: $500,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,504
- See 217 Mindy Ave, Cape May, NJ 08204 on

236 Roseann Ave, Cape May, NJ 08204
- Price: $499,900
- 4 bedrooms, 2 bathrooms
- Square feet: 1,365
- See 236 Roseann Ave, Cape May, NJ 08204 on

44 White Oak Dr, Ocean View, NJ 08230
- Price: $499,900
- 4 bedrooms, 1.5 bathrooms
- Square feet: 1,782
- See 44 White Oak Dr, Ocean View, NJ 08230 on

4 Bayview Ave, Marmora, NJ 08223
- Price: $495,000
- 4 bedrooms, 1 bathroom
- Square feet: 832
- See 4 Bayview Ave, Marmora, NJ 08223 on

222 E Weber Ave, Villas, NJ 08251
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,664
- See 222 E Weber Ave, Villas, NJ 08251 on

35 Maple Ave, Villas, NJ 08251
- Price: $495,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,620
- See 35 Maple Ave, Villas, NJ 08251 on

323 E Pacific Ave, Villas, NJ 08251
- Price: $489,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,260
- See 323 E Pacific Ave, Villas, NJ 08251 on

34 Wildwood Ave, Villas, NJ 08251
- Price: $499,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,028
- See 34 Wildwood Ave, Villas, NJ 08251 on

19 Arbor Rd, Villas, NJ 08251
- Price: $499,999
- 3 bedrooms, 1 bathroom
- Square feet: 908
- See 19 Arbor Rd, Villas, NJ 08251 on

328 E Maple Ave, Wildwood, NJ 08260
- Price: $489,900
- 2 bedrooms, 2 bathrooms
- Square feet: 2,795
- See 328 E Maple Ave, Wildwood, NJ 08260 on

113 Heide Ave, Cape May, NJ 08204
- Price: $499,999
- 2 bedrooms, 2 bathrooms
- Square feet: 1,700
- See 113 Heide Ave, Cape May, NJ 08204 on

1001 Little Atlantic Ave, Ocean City, NJ 08226
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 787
- See 1001 Little Atlantic Ave, Ocean City, NJ 08226 on

8401 Atlantic Ave, Wildwood, NJ 08260
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 729
- See 8401 Atlantic Ave, Wildwood, NJ 08260 on

61 Anglesea Dr, Wildwood, NJ 08260
- Price: $499,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 1,056
- See 61 Anglesea Dr, Wildwood, NJ 08260 on

305 Whildam Ave, Cape May, NJ 08204
- Price: $499,305
- 2 bedrooms, 1 bathroom
- Square feet: 803
- See 305 Whildam Ave, Cape May, NJ 08204 on

511 E 11Th Ave, North Wildwood, NJ 08260
- Price: $489,000
- 2 bedrooms, 1 bathroom
- Square feet: 551
- See 511 E 11Th Ave, North Wildwood, NJ 08260 on

1011 Lafayette St, Cape May, NJ 08204
- Price: $489,900
- 1 bedroom, 1 bathroom
- Square feet: 548
- See 1011 Lafayette St, Cape May, NJ 08204 on