Ocean City, MD

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Ocean City short-term rental market based on reliable data.

Listings

3223 / 9173

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$29,704

Middle-Earners Revenue

Occupancy

52%

Middle-Earners Occupancy

Home Value

$446,036

Median Home Sale Price

Top Earners

$62,951

Top-Earners Revenue

Ocean City

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Ocean City.

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B

Generally Investor friendly

Ocean City Regulations

Ocean City explicitly permits short‑term rentals in most areas with a clear, single annual licensing process ($246 total) and predictable inspection and tax obligations, indicating a supportive tone. The only significant investor friction is a temporary 11‑month moratorium on new STR licenses in R‑1 and MH districts (renewals still allowed), plus a 60‑minute local‑agent response requirement, all of which are manageable but not overly burdensome.

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About Ocean City

Ocean City is a beachside resort town situated on a long, narrow barrier island along Maryland's Atlantic coast in Worcester County. With a year-round population of roughly 7,000 residents, the town swells dramatically during the summer months as visitors pour in for the sand, surf, and salty air. It is best known for its lively boardwalk culture and as a popular family vacation destination on the Mid-Atlantic, and it also serves as the northern gateway to the wild beaches of Assateague Island. The resort lies about 140 miles east of Baltimore, a drive of roughly two and a half hours, and a similar distance southeast of Washington, D.C., making it one of the closest oceanfront escapes for the densely populated Mid-Atlantic corridor.

The Ocean City Boardwalk is the town's signature attraction, stretching for nearly three miles along the oceanfront and packed with candy shops, pizza stands, amusement rides, arcades, and restaurants that have been drawing families for generations. Steps away from the sand, it functions as both a strolling promenade and a small amusement district, with landmark spots such as Trimper's Rides, one of the oldest continuously operating carousels in the country, still drawing crowds. The boardwalk is essentially the social center of the town and the reason most first-time visitors return year after year.

Just to the south of Ocean City, Assateague Island National Seashore offers a striking contrast to the busy resort. About a fifteen-minute drive across the inlet, this protected barrier island is famous for its herds of wild ponies that wander the dunes and maritime forests, as well as for its wide, uncrowded beaches, marsh trails, and excellent surf fishing. Visitors can easily spend a full day switching from the buzz of the boardwalk to the quiet, windswept landscape of the seashore without ever straying far from town.

A short drive inland, the small town of Berlin has earned recognition as one of the region's most pleasant historic Main Street communities. Its preserved downtown features antique shops, art galleries, and cafes set in 19th-century buildings, giving Ocean City visitors an easy and atmospheric change of pace from the beach. Closer to the sand, the Ocean City Life-Saving Station Museum, located on the south end of the boardwalk, traces the town's history from its early days as a shipwreck-prone stretch of coast through its rise as a resort.

With its mix of classic seaside entertainment, nearby protected natural areas, and easy access from major Mid-Atlantic population centers, Ocean City offers short-term rental owners a dependable, well-established tourism base. Guests can choose between the high-energy boardwalk experience, the calm of a bayside condo, or a quieter stay near the inlet, making the town unusually versatile for a market of its size.

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