Mid-Atlantic2.1% avg cap rateLive · 91 active listings

Ocean City, MD

Maryland's top beach STR market

Ocean City is Maryland's premier beach destination, drawing 8 million visitors annually. The barrier island runs 10 miles of Atlantic coast with a dense STR market anchored by summer tourism. Strong cap rates, walkable boardwalk access, and a well-established rental management ecosystem make it one of the most accessible STR entry markets on the East Coast.

2.1%
Avg Cap Rate
Net operating income / price
25%
Avg Occupancy
Annual average
$304
Avg Nightly Rate
All property types
$693K
Median Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
25% occ × $304/night
$27,740
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
– $11,096
Est. net operating income
Before mortgage & depreciation
$16,644
At median price
Implied cap rate
4.3%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Ocean City

8M+ annual visitors
No state income tax on rental income for non-MD residents
Strong off-season shoulder demand (golf, fall festivals)
Walkability premium — oceanfront blocks command 2-3× rates
Peak season: Memorial Day – Labor Day
Top property types: Condo, Townhouse, Single Family
Primary zip: 21842, 21843

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.Stats sourced from 91 active listings · last updated May 29, 2026

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