Home prices
The median home price in Ocean City is $298,500. In comparison to its nearby areas this is about $94,020 (23%) lower.Compared to the nation as a whole it is about $81,000 (37%) higher, and it is roughly $141,800 (90%) higher in comparison to the city of Atlantic City.
Rents
The median rent in Ocean City is $1,040 per month. Compared to other places in this area this is approximately $104 (9%) lower.In comparison to the US as a whole it is about $22 (2%) lower, and it is about $136 (15%) higher in comparison to the city of Atlantic City.
Nearby places
Ocean Pines
Ocean Pines is about 3 miles west from Ocean City. Real estate prices there are a little less expensive. The median home in Ocean Pines costs $278,600, which is $19,900 (7%) lower than Ocean City. Rents there are a bit more expensive. Ocean Pines's median monthly rent is $1,480, which is $440 (29%) higher than Ocean City.
West Ocean City
West Ocean City is approximately 4 miles southwest from Ocean City. Its real estate prices are fairly similar. The price of the median home in West Ocean City is $307,800, which comes out to $9,300 (3%) higher than Ocean City. Its rents are a little more expensive. In West Ocean City the median rent is $1,245 per month, which comes out to $205 (16%) higher than Ocean City.
Fenwick Island
Fenwick Island is about 4 miles north from Ocean City. Its real estate prices are significantly more expensive. The value of the median home in Fenwick Island is $838,400, which is $539,900 (64%) higher than Ocean City. Rent there is a bit more expensive. In Fenwick Island the median monthly rent is $1,167, which comes out to $127 (10%) higher than Ocean City.
Selbyville
Selbyville is approximately 7 miles northwest of Ocean City. The housing prices there are fairly similar. The median home in Selbyville costs $285,100, which comes out to $13,400 (4%) lower than Ocean City. The rent there is somewhat less expensive. Selbyville's median monthly rent is $883, which is $157 (17%) lower than Ocean City.
Berlin
Berlin is about 8 miles southwest of Ocean City. Its real estate prices are a bit less expensive. The median home price in Berlin is $252,700, which works out to $45,800 (18%) lower than Ocean City. The rent there is somewhat less expensive. In Berlin the median rent is $947 a month, which works out to $93 (9%) lower than Ocean City.
