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 Size

Housing Units by Size
Studio Type2.40%
One Bedroom14.90%
Two Bedrooms56.10%
Three Bedrooms22.70%
Four Bedrooms3.20%
Five Bedrooms or more0.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.03
Median year structure was built1982
Median Value of occupied units$152,200
Median Price asked for vacant units$112,500

Rented Homes, Apartments and Condos

Average Household Size1.67
Median year structure was built1975
Median Monthly Rent asked for vacant units$627

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.20%
Home Equity Loan4.70%
Simple Mortgage47.80%
Debt Free44.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.3%