Housing in Ocean City, MD
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$436,512
Zillow Rent Index
$1,825
Ocean City vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Ocean City is highlighted.
Median Home Value
82nd%ilemost expensive$373,700show rank
Median Rent
69th%ilemost expensive rent$1,187show rank
Rent Burden
63rd%ilehighest rent burden20.4%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$373,700
Median Rent
$1,187
Total Housing Units
29,834
Vacancy Rate
87.0%
Owner Occupied
73.4%
Renter Occupied
26.6%
Median Property Tax
$3,716
per year
Monthly Cost (w/ Mortgage)
$1,355
Housing Types
Single Family22.7%
Multi-Family74.0%
Mobile Home3.3%
The median home value in Ocean City, MD is $373,700. According to Zillow, the home value index for Ocean City is $436,512. Zillow's observed rent index is $1,825/month. About 73.4% of housing units are owner-occupied. The median year homes were built is 1982. There are 29,834 total housing units.