Ocean Pines, MD Real Estate
According to census data in the year 2000 there were 7,117 housing units in Ocean Pines.
This represents a 70.1% growth from 4,184 in 1990.
Of those housing units, 7,117 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 Pines is about 87%.
Ocean Pines's vacancy rate, including seasonal lodging, is about 35%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Ocean Pines were built after 1991.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 0.80% |
| Two Bedrooms | 11.80% |
| Three Bedrooms | 72.90% |
| Four Bedrooms | 12.30% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1991 |
| Median Value of occupied units | $138,800 |
| Median Price asked for vacant units | $132,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1990 |
| Median Monthly Rent asked for vacant units | $725 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 58.70% |
| Debt Free | 30.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
