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Real Estate Prices & Overview

Bay Shore Acres / Cape Isle of Wight median real estate price is $536,436, which is more expensive than 69.3% of the neighborhoods in Maryland and 74.1% of the neighborhoods in the U.S.

The average rental price in Bay Shore Acres / Cape Isle of Wight is currently $2,955, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.6% of the neighborhoods in Maryland.

Bay Shore Acres / Cape Isle of Wight 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).

Bay Shore Acres / Cape Isle of Wight real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Bay Shore Acres / Cape Isle of Wight neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Bay Shore Acres / Cape Isle of Wight. The current real estate vacancy rate here is 29.6%. This is higher than the rate of vacancies in 94.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (27.8%). This can occur in 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. If you live here year round, 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.

Real Estate

Bay Shore Acres / Cape Isle of Wight 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 to being coastal, Bay Shore Acres / Cape Isle of Wight is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

People

If you're planning where to retire, the Bay Shore Acres / Cape Isle of Wight neighborhood in Ocean City is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in MD, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 85.0% of the neighborhoods in Maryland. If you are considering retiring to Maryland, this is a good neighborhood to look at.

Diversity

Did you know that the Bay Shore Acres / Cape Isle of Wight neighborhood has more Lithuanian and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.3% of this neighborhood's residents have Lithuanian ancestry and 1.7% have Armenian ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Bay Shore Acres / Cape Isle of Wight neighborhood in Ocean City are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 78.7% of the neighborhoods in America. In addition, 5.9% 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 62.4% of America's neighborhoods.

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 Bay Shore Acres / Cape Isle of Wight neighborhood, 38.0% 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 34.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.3%), and 9.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Bay Shore Acres / Cape Isle of Wight neighborhood is English, spoken by 94.6% of households.

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 Bay Shore Acres / Cape Isle of Wight neighborhood in Ocean City, MD, residents most commonly identify their ethnicity or ancestry as German (22.6%). There are also a number of people of Irish ancestry (20.1%), and residents who report English roots (19.7%), and some of the residents are also of Italian ancestry (18.4%), along with some Polish ancestry residents (6.1%), among others.

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 Bay Shore Acres / Cape Isle of Wight neighborhood spend between 15 and 30 minutes commuting one-way to work (47.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (84.4%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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Schools include:
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