Real Estate Prices and Overview
Median real estate prices in the Town Center of Ocean City are $360,883, which is more expensive than 76.6% of the neighborhoods
in Maryland and 84.3% of the
neighborhoods in the U.S.
Average rental prices in Ocean City Town Center are currently
$618, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 90.5% of Maryland neighborhoods.
Ocean City Town Center is a suburban neighborhood (based on population
density) located in Ocean City, Maryland. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Real estate in the Town Center of Ocean City, MD is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the Town Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Ocean City
Town Center. The current real estate vacancy rate here is 85.1%.
This is higher than the rate of vacancies in 99.9% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as vacation areas), and occasionally
it is also found in neighborhoods that are primarily filled with college
students, as some apartments could be vacant when school is not in session.
But often neighborhoods with vacancy rates this high are places that
can be plagued by a protracted vacancy problem. If you live here, you
may find that a number of buildings in your neighborhood are actually empty.
Notable & Unique Neighborhood Characteristics
When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
Notable & Unique: Real Estate
Ocean City Town Center is a neighborhood that is on the ocean, a bay, or inlet.
Many times, such places have amenities that bring locals and visitors to the
waterfront for recreational activities or to check out the scenery.
In some densely populated areas that are less financially well-off, the neighborhood
waterfront can be relatively industrial and less open to recreation.
In addition, despite all of the residential real estate here in the Ocean City Town Center neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 85.1%, which is higher than 99.9% of all U.S. neighborhoods.
Notable & Unique: People
In a nation where 1 out of every 4 children lives in poverty, the Ocean City
Town Center neighborhood stands out as being ranked among
the lowest 0.1% of neighborhoods affected by this global
Notable & Unique: Diversity
Did you know that the Ocean City Town Center neighborhood has more
English and Austrian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 19.7% of
this neighborhood's residents have English ancestry and 0.7% have Austrian ancestry.
Ocean City Town Center is also pretty special linguistically. Significantly, 6.1% of its residents five years old and above primarily
speak Italian at home. While this may seem like a small percentage, it is higher
than 99.7% of the neighborhoods in America.
Notable & Unique: Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute
is an important factor for one's quality of life. The Ocean City Town Center
neighborhood stands out for its commute length, according to NeighborhoodScout's
Long commutes can be brutal. They take time, money, and energy, leaving less
of you for yourself and your family. The residents of the Ocean City
Town Center neighborhood unfortunately have the distinction of having,
on average, a longer commute than most any neighborhood in America.
8.8% of commuters here travel more than one hour just one-way
to work. That is more than two hours per day. This percentage with two-hour +
round-trip commutes is higher than NeighborhoodScout found in 96.1%
of all neighborhoods in America.
Notable & Unique: Modes of Transportation
In the Ocean City Town Center neighborhood, walking to work is a real
option for many. In fact, NeighborhoodScout's exclusive research reveals
walking to and from work is the chosen way to commute for 14.1%
of residents here. This is a higher proportion of walking commuters than
we found in 96.0% of American neighborhoods. Get ready
to put on your walking shoes if you move here!
The Neighbors: Income
There are two complimentary measures for understanding the income of a
neighborhood's residents: the average and the extremes. While a neighborhood
may be relatively wealthy overall, it is equally important to understand
the rate of people - particularly children - who are living at or below the
federal poverty line, which is extremely low income. Some neighborhoods with
a lower average income may actually have a lower childhood poverty rate than
another with a higher average income, and this helps us understand the
conditions and character of a neighborhood.
The neighbors in the Town Center neighborhood in Ocean City are middle-income, making it a moderate income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 55.4% of the neighborhoods in America.
In addition, 0.0% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 99.9%
of America's neighborhoods.
The Neighbors: Occupations
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
In the Ocean City Town Center neighborhood, 39.8%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 35.2% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(19.9%), and 5.1% in clerical, assistant, and tech support occupations.
The Neighbors: Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents,
our houses of worship, and much of our culture – our learned behavior - comes
from our ancestors. That is why ancestry and ethnicity can be so interesting
and important to understand: places with concentrations of people of one or
more ancestries often express those shared learned behaviors and this gives
each neighborhood its own culture. Even different neighborhoods in the same
city can have drastically different cultures.
In the Town Center neighborhood in Ocean City, MD, residents
most commonly identify their ethnicity or ancestry as English
(19.7%). There are also a number of people of Italian ancestry (16.1%) , and residents who report German roots (15.6%) , and some of the residents are also of Irish ancestry (12.7%) , along with some Mexican ancestry residents (6.9%), among others.
The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are
tabulated as the languages people preferentially speak when they are
at home with their families.
The most common language spoken in the Ocean City Town Center
neighborhood is English, spoken by 90.8% of households. Other important languages spoken here include Italian and Spanish.
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your
place of work. Some neighborhoods are located where many can get to work in
just a few minutes, while others are located such that most residents have a
long and arduous commute.
The greatest number of commuters in Ocean City Town Center neighborhood spend
under 15 minutes commuting one-way to work (48.6% of working
residents), one of the shortest commutes across America. However, there is also a significant group of residents (8.8%) who
commute over an hour in each direction.
Here most residents (76.3%) drive alone in a private automobile to get to work.
In addition, quite a number also hop out the door and walk to work to get to work (14.1%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.