Ocean City, MD

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

3076 / 7335

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$35,968

Middle-Earners Revenue

Occupancy

56%

Middle-Earners Occupancy

Home Value

$436,988

Median Home Sale Price

Top Earners

$68,553

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, MD, is a popular coastal resort town located in Worcester County on Maryland's Eastern Shore. As of the most recent census, the city's population stands at around 7,100 permanent residents, though it swells significantly during the tourist season. Ocean City is approximately 120 miles from Baltimore, MD, and about 140 miles from Washington, D.C., making it a convenient getaway for residents of these major metropolitan areas.

Ocean City is renowned for its sandy beaches and vibrant boardwalk, which stretches for three miles and is lined with shops, restaurants, and amusement parks. Key landmarks include the Ocean City Boardwalk (https://ococean.com)) and the historic Trimper's Rides and Amusements (https://trimpersrides.com),,) which offers a nostalgic amusement park experience dating back to the late 1800s.

The city also hosts a variety of events throughout the year, including the OC Air Show and Springfest, attracting tourists and making short-term rentals an appealing option for visitors. Proximity to major airports in Baltimore and Washington, D.C., as well as regional rail and bus services, enhance Ocean City's accessibility, amplifying the demand for short-term rental properties.

The city offers a mix of entertainment, dining, and shopping experiences. Attractions such as the Jolly Roger Amusement Park (https://jollyrogerpark.com),,) Ripley's Believe It or Not! (https://www.ripleys.com/oceancity),,) and the Ocean City Life-Saving Station Museum (https://www.ocmuseum.org)) add to the city's charm and visitor appeal. Overall, the blend of convenience, activities, and accessibility makes Ocean City a rewarding destination for short-term rental opportunities.

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