Property prices for rent in Ocean City (Maryland)

The rent prices in real estate in Ocean City, in the Maryland region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$1,416.33
Average price last 6 months
$12.2
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Ocean City has had a strong fall during the last 6 months. In August, the average price per sq.feet was $66. In the following month the price per sq.feet fell considerably to $1.3. The price for the following two months in (October, November) had a considerable fall of 4 with regard to the previous two months. The price per sq.feet has had a considerable fall of 8 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $17.58 to $1.43 during December, and January.

Average price

When referring to the price in Ocean City (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $1,445. In September This price remains at $1,450. In the following two months the average price has hardly changed with regard to the previous two months from $1,447.5 to $1,388. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,417.75 and $1,413.5 between December and January.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,434 they are 34 % more affordable than the average price for Ocean City . The properties with the highest average price have 3 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,574.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $1.42 / sq.feet, with an average $1.39 / sq.feet price in Ocean City. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.42 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,434 it is 3 % more affordable than the average price in Ocean City. "Apartment" is seen as the second most affordable property type. The most affordable property is "Apartment" followed by "". At a price of $1,394 it is 0 % more affordable than the average price.

According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $60 / sq.feet. "Apartment" at an average price of $60 / sq.feet has the highest price and would be directed at more affluent cities.

Charts data
Average price January
Average price per sq.feet January
Number of properties used in Ocean City
Number of properties used in region Maryland
$1,434
$1.39
140
147,212
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value