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.

$2,915.83
Average price last 6 months
$2.86
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 January, the average price per sq.feet was $1.39. In the following month the price per sq.feet rose considerably to $3.02. The price for the following two months in (March, April) had a considerable rise of 243 %. The price per sq.feet has had a considerable fall of 26 % 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 $3.78 to $1 during May, and June.

Average price

When referring to the price in Ocean City (cities), this has risen considerably in the last 6 months. The average price during our first sample month during January, is $1,434. During February the price went through a considerable rise reaching $2,894. During the following two months (March, April) the average price had a considerable rise of 241 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $3,688.75 to $1,370, which means a 37 % fall.

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 $1,391 they are 27 % more affordable than the average price for Ocean City . The properties with the highest average price have 3 bedrooms, Their price is 21 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,462.

With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % more affordable than the average price of ($1 / sq.feet) in Ocean City. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % more affordable than the average value aforementioned.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $1,391 it is 0 % more expensive than the average price in Ocean City. "Apartment" is seen as the second most expensive property type. The most expensive property type is "Townhouse" followed by "Apartment". At a price of $1,413 it is 3 % more expensive than the average price.

According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $50 / sq.feet followed by "Townhouse" priced at $60 / sq.feet. "Townhouse" is the most expensive type of property with a $60 / sq.feet value followed by "Apartment" with an average price of $50 / sq.feet.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Ocean City
Number of properties used in region Maryland
$1,391
$1
108
132,360
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value