According to statistics, the population in Ocean Pines, MD amounts to 12,085, which shows growth 4% compared to the previous year. The median age of the city’s residents is 58. The average household income is $69,010, shifting growth 2% from the past year, and the average property value in Ocean Pines, MD growth 2% to $274,300 throughout the year.
|Number Of Employees||5,041|
|Median Property Value||$274,300|
The average household income in Ocean Pines, MD grew from $67,485 to $69,010 in the past year. This data is an estimate based upon 5,383 households in Ocean Pines, MD . The chart below presents how household income is distributed in Ocean Pines, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Ocean Pines, MD shifted from $269,400 to $274,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Ocean Pines, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Ocean Pines, MD properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Ocean Pines, MD compared to median property taxes around the country. The prevalent amount of property taxes in Ocean Pines, MD equals $2500, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Ocean Pines, MD increased by 5.6% to $460,554.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 165.3% to $318,266. Asking price for 2-bed apartment also increased by 51.3% and a place of this size will now cost you $279,986. A 3-bed apartment goes for $443,364, it decreased by 5% lately. We discerned the rise of 4- and more bed apartment price. It increased by 25.5% and made it up to $843,000.
The average cost of an apartment in Ocean Pines, MD rised by 2.1% to $159,967. Price reports demonstrate that house price increased by 9.3% this month making it up to $561,504. Condos faced an upward trend these days. The median price for a condo decreased by 11.6%, it’s now available for $311,212. Value of the townhouses didn’t change, the price still starts at $284,900.