Ocean City, MD Real Estate
According to census data in the year 2000 there were 26,320 housing units in Ocean City.
This represents a 3.2% growth from 25,494 in 1990.
Of those housing units, 26,320 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Ocean City is about 67.3%.
Ocean City's vacancy rate, including seasonal lodging, is about 85.7%.
Average household size is 1.91 people.
The majority of houses, apartments or condos in Ocean City were built after 1981.
|Housing Units by Size|
|Five Bedrooms or more||0.70%|
Owned Homes, Apartments and Condos
|Average Household Size||2.03|
|Median year structure was built||1982|
|Median Value of occupied units||$152,200|
|Median Price asked for vacant units||$112,500|
Rented Homes, Apartments and Condos
|Average Household Size||1.67|
|Median year structure was built||1975|
|Median Monthly Rent asked for vacant units||$627|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||4.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.3%|