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West Ocean City, MD Real Estate


According to census data in the year 2000 there were 2,026 housing units in West Ocean City. This represents a 35.9% growth from 1,491 in 1990.

Of those housing units, 2,026 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in West Ocean City is about 79.1%. West Ocean City's vacancy rate, including seasonal lodging, is about 28.7%. Average household size is 2.34 people.

The majority of houses, apartments or condos in West Ocean City were built after 1984.

Statistics

Housing Size

Housing Units by Size
Studio Type1.60%
One Bedroom4.40%
Two Bedrooms33.90%
Three Bedrooms44.60%
Four Bedrooms13.60%
Five Bedrooms or more1.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1987
Median Value of occupied units$157,500
Median Price asked for vacant units$148,200

Rented Homes, Apartments and Condos

Average Household Size2.31
Median year structure was built1973
Median Monthly Rent asked for vacant units$417

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage9.10%
Home Equity Loan5.80%
Simple Mortgage53.60%
Debt Free31.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs19.5%