It shares water borders to the northeast with Monmouth Beach and Rumson and forms a peninsula, jutting into the Shrewsbury River.

[29][30] Monmouth Park, a thoroughbred horse race track, is home to the annual Haskell Invitational Handicap.

[32] The Haskell Invitational Stakes, which next to the Triple Crown is horse racing's biggest event, takes place each year in August.

In October 2007, Oceanport's Monmouth Park hosted the Breeders' Cup, attracting nearly 70,000 fans over the two days of the event.

[5] The borough form of government used by Oceanport is a "weak mayor / strong council" government in which council members act as the legislative body with the mayor presiding at meetings and voting only in the event of a tie.

The mayor can veto ordinances subject to an override by a two-thirds majority vote of the council.

[3][36][37] As of 2025[update], the mayor of Oceanport Borough is Republican Thomas J. Tvrdik, whose term of office ends December 31, 2027.

Members of the Borough Council are Council President Patricia J. Cooper (R, 2025; elected to serve an unexpired term), William Deerin (R, 2027), Richard A. Gallo Jr. (R, 2026), Bryan Keeshen (R, 2026), Michael O'Brien (R, 2027) and Keith Salnick (R, 2025).

[3][38][39][40][41] In January 2020, the borough council selected Bryan Keeshen from a list of three candidates nominated by the Republican municipal committee to fill the seat expiring in December 2020 that had been held by Robert F. Proto until he resigned after the November 2019 general election.

[43] In a special meeting held in August 2015, the borough council selected Stuart Briskey from a list of three candidates nominated by the Republican municipal committee to fill the seat expiring in December 2016 that had been held by Council President Robert Lynch until his resignation from office the previous month.

[45] In March 2015, councilmember Jerry Bertekap resigned from office, leaving a vacancy in the term expiring December 2015.

[46] The borough council selected John Patti the following month to fill Bertekap's vacant seat.

[47] In November 2013, Christopher Paglia was selected by the borough council from among three candidates offered by the Republican committee and appointed to fill the vacant seat of William Johnson, who had resigned to take a position with Monmouth County.

[48] The borough hall completed in 1965 at the intersection of Myrtle Avenue and Monmouth Boulevard was flooded out during Hurricane Sandy in 2012.

Following the storm, council meetings were held at the Maple Place Middle School library and other departments were scattered throughout Fort Monmouth and the borough's senior center.

A new municipal hall opened in Fort Monmouth in January 2021 consolidating the borough's departments to one site.

A report delivered in July 2008 recommended that Fair Haven, Little Silver and Rumson should consider a network of shared police services, with consideration of inclusion of Oceanport and Shrewsbury deferred to a second phase.

[53] For the 119th United States Congress, New Jersey's 6th congressional district is represented by Frank Pallone (D, Long Branch).

[56] For the 2024-2025 session, the 13th legislative district of the New Jersey Legislature is represented in the New Jersey Senate by Declan O'Scanlon (R, Little Silver) and in the General Assembly by Vicky Flynn (R, Holmdel Township) and Gerard Scharfenberger (R, Middletown Township).

[99] Service is available on the North Jersey Coast Line south to Belmar, Point Pleasant Beach and Bay Head or north to points such as Long Branch, Newark, Hoboken Terminal and Penn Station in Midtown Manhattan.