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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||6.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.1%|