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These days, finding an affordable place to live in the Ocean City area can be challenging. Home prices in Ocean City are now at a median cost of $455,681, higher than the Maryland average of $450,578.
The average cost of rent is $1,366/mo in Ocean City, primarily driven by the current value of real estate in the Ocean City area. In Ocean City, 24.18% of households rent, and 43.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ocean City is $6,752 per month. Households that rent pay about 20.23% of their income on rent here. Ocean City’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Ocean City, MD: equally priced homes
- Ocean Pines, MD: less expensive homes
- Fenwick Island, DE: higher priced homes
- Selbyville, DE: equally priced homes
- Bishopville, MD: higher priced homes
- Snug Harbor, MD: less expensive homes
- Grays Corner, MD: less expensive homes
- Showell, MD: equally priced homes
- Berlin, MD: less expensive homes
- Golf Club Shores, MD: higher priced homes
Cities with Similar Populations
- Pine City, MN: less expensive homes
- Port Jefferson, NY: higher priced homes
- Plymouth, NH: less expensive homes
- Plumas Lake, CA: higher priced homes
- Plaistow, NH: less expensive homes
- Pittstown, NJ: higher priced homes
- Pittsboro, IN: less expensive homes
- Pinon Hills, CA: equally priced homes
- Pinehurst, MA: higher priced homes
- Port Matilda, PA: less expensive homes
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