Property prices for rent in Ocean City (Maryland)

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

$2,806.67
Average price last 6 months
$2.9
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Ocean City has risen strongly during the last 6 months. In September, the average price per sq.feet was $2.03. In the following month the price per sq.feet fell to $1.87. In the following two months the price per sq.feet has risen 114 %, going from $1.95 to $2.22 per sq.feet. The price per sq.feet has had a considerable rise of 217 % 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 $2.09 to $4.53 during January, and February.

Average price

When referring to the price in Ocean City (cities), this has risen considerably in the last 6 months. The average price for September is $2,091. During October the price had a slight fall till $1,785. In the following two months the average price has hardly changed with regard to the previous two months from $1,938 to $1,868.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 242 % during the last two months.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 65 % more affordable than the average price of $1,431 in Ocean City. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 65 % more affordable than the average aforementioned.

With regard to the average prices per sq.feet those properties with 1 bedroom are 1298 % more expensive than the average price of ($59 / sq.feet) in Ocean City. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1298 % more expensive than the average value aforementioned.

Price per property type

The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $4,083 it is 66 % more affordable than the average price in Ocean City. "" is seen as the second most affordable property type. The most affordable property is "Townhouse" followed by "". At a price of $1,380 it is 65 % more affordable than the average price.

According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $33 / sq.feet followed by "Townhouse" priced at $53 / sq.feet. "Townhouse" is the most expensive type of property with a $53 / sq.feet value followed by "Land" with an average price of $33 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Ocean City
Number of properties used in region Maryland
$4,083
$4.22
258
290,730
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value