Ocean View, DE is a desirable area to purchase or rent a home due to the higher housing median value ($487,100) which is significantly greater than the US median value of $338,100. The 1 year house appreciation rate in Ocean View, DE is also 11.37% higher than the US average of 8.27%, making it an attractive location for buying and investing in real estate. In addition, with its beautiful beaches and close proximity to many attractions and amenities, Ocean View can offer potential homeowners a great place to live.
The median home cost in Ocean View is $487,100. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Ocean View is up 17.3%.
Average Age of Homes
- The median age of Ocean View real estate is 15 years old
The Rental Market in Ocean View
- Renters make up 3.5% of the Ocean View population
- 2.1% of houses and apartments in Ocean View, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.