West Ocean City, MD Real Estate
According to census data in the year 2000 there were 2,026 housing units in West Ocean City.
This represents a 35.9% growth from 1,491 in 1990.
Of those housing units, 2,026 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in West Ocean City is about 79.1%.
West Ocean City's vacancy rate, including seasonal lodging, is about 28.7%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in West Ocean City were built after 1984.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 4.40% |
| Two Bedrooms | 33.90% |
| Three Bedrooms | 44.60% |
| Four Bedrooms | 13.60% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1987 |
| Median Value of occupied units | $157,500 |
| Median Price asked for vacant units | $148,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.31 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $417 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9.10% |
| Home Equity Loan | 5.80% |
| Simple Mortgage | 53.60% |
| Debt Free | 31.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.5% |
