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Ocean City, FL Real Estate


According to census data in the year 2000 there were 2,678 housing units in Ocean City. This represents a 6.7% growth from 2,511 in 1990.

Of those housing units, 2,678 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Ocean City is about 58.3%. Ocean City's vacancy rate, including seasonal lodging, is about 7.3%. Average household size is 2.18 people.

The majority of houses, apartments or condos in Ocean City were built after 1968.

Statistics

Housing Size

Housing Units by Size
Studio Type2.10%
One Bedroom10.50%
Two Bedrooms25.20%
Three Bedrooms49.10%
Four Bedrooms10.90%
Five Bedrooms or more2.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.27
Median year structure was built1966
Median Value of occupied units$83,400
Median Price asked for vacant units$75,000

Rented Homes, Apartments and Condos

Average Household Size2.06
Median year structure was built1972
Median Monthly Rent asked for vacant units$488

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage9.10%
Home Equity Loan3.80%
Simple Mortgage47.40%
Debt Free39.30%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17.3%