Home prices
The median home in Ocean City is valued at $174,800. This is approximately $60,260 (25%) lower in comparison to other places in this area.It is approximately $42,700 (19%) lower in comparison to the entire nation, and it is roughly $8,000 (4%) lower compared to the city of Pensacola.
Rents
In Ocean City the median rent is $947 a month. It is roughly $222 (18%) lower compared to its nearby areas.Compared to the nation as a whole it is about $115 (10%) lower, and is is very similar in comparison to the city of Pensacola.
Nearby places
Fort Walton Beach
Fort Walton Beach is Ocean City's neighbor to the southwest. Real estate prices there are a bit more expensive. The median home in Fort Walton Beach is valued at $185,900, which is $11,100 (5%) higher than Ocean City. Rents there are similar. The median monthly rent in Fort Walton Beach is $988, which works out to $41 (4%) higher than Ocean City.
Wright
Wright is Ocean City's neighbor to the west. The real estate prices there are fairly similar. The price of the median home in Wright is $168,500, which comes out to $6,300 (3%) lower than Ocean City. The rent there is somewhat more expensive. In Wright the median rent is $1,064 a month, which comes out to $117 (10%) higher than Ocean City.
Shalimar
Shalimar is roughly 1 mile east of Ocean City. The real estate prices there are a lot more expensive. The cost of the median home in Shalimar is $312,200, which is $137,400 (44%) higher than Ocean City. Rent there is a lot more expensive. In Shalimar the median rent is $1,517 per month, which works out to $570 (37%) higher than Ocean City.
Cinco Bayou
Cinco Bayou is roughly 1 mile south from Ocean City. The real estate prices there are a bit more expensive. The median home in Cinco Bayou costs $235,700, which works out to $60,900 (25%) higher than Ocean City. The rent there is a bit more expensive. In Cinco Bayou the median monthly rent is $1,105, which is $158 (14%) higher than Ocean City.
Lake Lorraine
Lake Lorraine is roughly 2 miles east from Ocean City. The real estate prices there are significantly more expensive. Lake Lorraine's median home cost is $273,000, which comes out to $98,200 (35%) higher than Ocean City. Its rents are somewhat more expensive. In Lake Lorraine the median rent is $1,171 per month, which comes out to $224 (19%) higher than Ocean City.
