The housing market in West Ocean City, MD is thriving. The median value of homes in the area is $389,900, which is considerably higher than the US median value of $338,100. This indicates that property values in West Ocean City are elevated compared to the national average. Furthermore, the one-year house appreciation rate in West Ocean City is 14.76%, significantly higher than the US rate of 8.27%. This further reinforces that the housing market in West Ocean City is quite strong and continues to increase in value each year.
The median home cost in West Ocean City is $389,900. Home appreciation the last 10 years has been 67.3%. Home Appreciation in West Ocean City is up 14.0%.
Average Age of Homes
- The median age of West Ocean City real estate is 23 years old
The Rental Market in West Ocean City
- Renters make up 17.1% of the West Ocean City population
- 0.0% of houses and apartments in West 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.