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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.40% |
| One Bedroom | 14.90% |
| Two Bedrooms | 56.10% |
| Three Bedrooms | 22.70% |
| Four Bedrooms | 3.20% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.20% |
| Home Equity Loan | 4.70% |
| Simple Mortgage | 47.80% |
| Debt Free | 44.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.3% |
