October's First-Time Homebuyer Report for Ocean Pines

Ocean Pines is a city that is growing faster than others in Maryland at a 10-year growth rate of 14.4%. It also has a larger than average population of 11,710 people. Homes in Ocean Pines are of moderate age with a median age of 16 years. The top school in the city is Showell Elementary School.

Price Range

Home values in Ocean Pines are generally in line with others in the state with a median home value of $241,800 and an average list price of $273,975.

Make sure you take a look at these eye-catching homes in Ocean Pines that generated the most views from potential buyers:

$754K   $489K   $199K  

Typical Dwelling

A three-bedroom detached home valued around $240,823 is considered a typical dwelling in Ocean Pines. If a buyer was looking for a similar home, they would need good credit and a $48,165 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,069 and the property tax rate is $7.54 per $1,000 of taxable assessed value.

Get started right now by checking out Ocean Pines homes for sale or reviewing Ocean Pines real estate trends.


Data reported through 10/13/2016

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Coldwell Banker Residential Brokerage
Snapped 2 homes in this area
Keller Williams Realty Centre
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Keller Williams Flagship of Maryland
Snapped 1 home in this area

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