Ocean City, MD

Ocean City is a mid-sized Atlantic vacation rental destination that offers an abundance of affordable beachfront condos with great amenities, reliable HOAs, and high booking rates.

Overview

A premier coastal getaway located on the Atlantic Ocean in Maryland, Ocean City is a popular mid-sized vacation rental destination only three hours from Washington, D.C. Visitors explore shops along the town’s three-mile wooden beachwalk, kayak to nearby Assateague Island to see wild ponies, and try their luck at angling at the “White Marlin Capital of the World.” Real estate ranges from beach cottages and quiet homes nestled in the pines to trendy condos along High Rise Row. The most successful vacation rentals are on the water or have a pool.


Insider tip

Some of Ocean City’s best-performing vacation rentals for the price right now are located oceanside in midtown, anywhere from 35th Street to 80th Street. Condos in High Rise Row (between 94th Street and 131st Street) perform well as vacation rentals because they’re mostly oceanfront and offer guests popular amenities such game rooms, fitness rooms, and pools. Being on the water is key in Ocean City. If you can’t afford oceanfront, look to drive guest demand with a pool, a bay view, or proximity to the boardwalk.

Learn more and compare Ocean City with other top markets in our insider's guide to the best places to buy a vacation rental.

Market size

3,500+ rental units

Median annual rental revenue

$31,670

Median home price

$291,100

Cap rate

6.5%

*This document is for information and illustrative purposes only. It is not intended to provide “investment advice” or a “recommendation” regarding a course of action. The discussion is general in nature and has not taken into account your personal financial position or objectives. You should consult a licensed financial advisor or other professional to discuss your specific situation.

Estimated rental income figures and home sale prices are based on historical averages; for any specific property, the actual revenue, purchase price, and cap rate may differ materially from estimated amounts and depend on a wide range of factors outside Vacasa's knowledge or control, such as the property's condition, layout, and furnishings; expenses associated with the acquisition and ownership of the property (such as property taxes, utility fees, HOA fees, insurance fees, and mortgage-related expenses); rental calendar availability; existing and future regulations; current and future economic, social, and political trends and conditions; and weather and environmental factors. These estimates do not take into account the potential impact of state income taxes.

Vacasa makes no representations or warranties, express or implied, about the accuracy of this document. Furthermore, Vacasa has no obligation to update, modify or amend this document or to otherwise notify users in the event that any opinion, assumption, forecast or estimate set forth herein changes or subsequently becomes inaccurate. Therefore, you should not place undue reliance on statements in this document.

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