Home prices
The price of the median home in Ocean City is $574,100. In comparison to its surrounding areas it is about $145,460 (33%) higher.Compared to the rest of the country it is roughly $356,600 (163%) higher, and is about $411,100 (252%) higher in comparison to the city of Philadelphia.
Rents
In Ocean City the median monthly rent is $1,264. Compared to its nearby areas it is about $159 (11%) lower.Compared to the entire country it is approximately $202 (19%) higher, and it is about $222 (21%) higher compared to the city of Philadelphia.
Nearby places
Somers Point
Somers Point is Ocean City's neighbor to the north. The real estate prices there are significantly less expensive. The median home in Somers Point is valued at $221,500, which works out to $352,600 (159%) lower than Ocean City. Its rents are somewhat less expensive. In Somers Point the median monthly rent is $1,156, which is $108 (9%) lower than Ocean City.
Longport
Longport is about 4 miles northeast from Ocean City. Its housing prices are significantly more expensive. The median home price in Longport is $890,900, which comes out to $316,800 (35%) higher than Ocean City. The rent there is somewhat more expensive. The median monthly rent in Longport is $1,773, which is $509 (28%) higher than Ocean City.
Linwood
Linwood is about 5 miles north of Ocean City. Its real estate prices are significantly less expensive. Linwood's median home value is $290,000, which works out to $284,100 (97%) lower than Ocean City. Rents there are a little more expensive. Linwood's median rent is $1,583 a month, which is $319 (20%) higher than Ocean City.
Corbin City
Corbin City is roughly 5 miles northwest of Ocean City. Housing prices there are significantly less expensive. The median home in Corbin City is valued at $257,100, which works out to $317,000 (123%) lower than Ocean City. Its rents are similar. Corbin City's median rent is $1,286 a month, which comes out to $22 (1%) higher than Ocean City.
Margate City
Margate City is about 6 miles northeast of Ocean City. The housing prices there are a bit less expensive. The price of the median home in Margate City is $483,700, which is $90,400 (18%) lower than Ocean City. Its rents are fairly similar. In Margate City the median rent is $1,315 per month, which works out to $51 (3%) higher than Ocean City.
