The housing market in Ocean Pines, MD is robust and showing strong signs of growth. The median value of homes there is $308,300, which is significantly lower than the U.S. median value of $338,100. Over the last year, housing appreciation in the U.S. was 8.27%, whereas in Ocean Pines it was 14.76%. This indicates that this area is experiencing a faster rate of home appreciation compared to the national average, making it an attractive investment destination for potential homeowners and property investors alike.
The median home cost in Ocean Pines is $308,300. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Ocean Pines is up 14.0%.
Average Age of Homes
- The median age of Ocean Pines real estate is 24 years old
The Rental Market in Ocean Pines
- Renters make up 5.4% of the Ocean Pines population
- 0.3% of houses and apartments in Ocean Pines, 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.