The housing market in Ocean City, FL is thriving and on the rise. Although the median value of houses in Ocean City is significantly lower than the US house median value, it has experienced a much higher rate of appreciation over the past year. The US house median value has increased by 8.27%, while the housing median value in Ocean City, FL has seen an impressive 14.18% increase. This means that there are great opportunities for investors who are looking to capitalize on rising property values in this area.
The median home cost in Ocean City is $248,900. Home appreciation the last 10 years has been 133.7%. Home Appreciation in Ocean City is up 20.1%.
Average Age of Homes
- The median age of Ocean City real estate is 51 years old
The Rental Market in Ocean City
- Renters make up 36.8% of the Ocean City population
- 2.3% of houses and apartments in Ocean City, 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.