Zip 21842 (Ocean City, MD) Housing

The housing market in 21842 Ocean City, MD is a strong one, with an impressive median value of $432,800. This is over $90,000 more than the US housing median value of $338,100. Additionally, the 1 year house appreciation rate in 21842 Ocean City is 14.76%, which is 6.49% higher than the national average of 8.27%. Clearly this area has seen an increase in housing market values over the past year and looks to be a strong investment for future buyers and sellers alike.

The median home cost in Ocean City (zip 21842) is $432,800. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Ocean City (zip 21842) is up 14.0%.

Average Age of Homes

- The median age of Ocean City (zip 21842) real estate is 35 years old

The Rental Market in Ocean City (zip 21842)

- Renters make up 3.6% of the Ocean City (zip 21842) population
- 1.3% of houses and apartments in Ocean City (zip 21842), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Ocean City, Maryland	United States
	32,720.0	139,647,020.0
	39	42
	$432,800	$338,100
	14.0%	16.6%
	56.6%	57.0%
	67.3%	101.1%
	$9.47	$10.98
	$3,204	$2,690
	12.5%	57.4%
	83.2%	11.2%
	4.3%	31.4%
Vacant Housing
	1.3%	1.9%
	0.5%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	80.5%	3.6%
	0.3%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.9%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	1.8%	4.5%
	5.8%	11.3%
	8.8%	13.0%
	23.5%	20.1%
	22.4%	13.6%
	9.4%	8.3%
	16.1%	9.7%
	8.6%	3.9%
	1.0%	2.2%
	0.1%	0.8%
	0.9%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.5%	13.6%
	14.5%	13.6%
	6.9%	13.6%
	35.1%	13.2%
	31.0%	14.8%
	6.9%	13.6%
	2.0%	10.0%
	1.2%	4.7%
	1.5%	12.2%

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