Home Insurance in Ocean City, Maryland
The median home value in Ocean City is $429,000, 14% higher than the Worcester County median.
The typical home in Ocean City was built around 1982. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 4% of homes were built before 1960, about 6 points below Worcester County's 9%.
Housing in Ocean City breaks down to 22% single-family homes, 69% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
About 55% of owner-occupied homes in Ocean City have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 87%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 74% of occupied homes in Ocean City are owner-occupied.
In Ocean City, 81% of homes are primarily heated with electricity.
FEMA rates Worcester County's overall risk as Relatively Low, led by hurricane (Relatively Moderate). Worcester County had 29,032 active NFIP flood policies as of September 2026. See the full Worcester County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Maryland, the statewide average premium for a standard HO-3 homeowners policy is $1,578 per year (NAIC, 2023 data).
Key figures
| Median home value | $429,000 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 74% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Hurricane (Relatively Moderate) |
| Active NFIP policies in Worcester County | 29,032 |
| Home insurance premium | $1,578 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)