Counties / Maryland / Worcester County

Worcester County, MD

FIPS 24047 · population 53,700 · outside every metro area

$425k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$425k
▼ 2.3% year over year
Zillow ZHVI · direct
Median asking rent
$2,294
▲ 12.3% year over year
Zillow ZORI · direct
Gross yield
6.5%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,194
market rent is 1.92x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

The annual signals disagree
FHFA five-year cumulative+62.4%not annualized · through 2025
0%ZILLOW ZHVI2026-06−2.3%FHFA HPI2025+2.6%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$375k
Surveyed gross rent$1,159
Rent burden 30%+55.3%
Median year built1985
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
57.6%vacant
56,867estimated housing units
Occupied tenure22.0% renter
owner 78.0%renter 22.0%
Structure mix52.3% single-family
Single-family 52.3%20+ units 25.4%Mobile home 4.8%Other 17.5%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs26,267▼ 0.1% from the prior annual release
Covered establishments2,507annual average reporting locations
Average weekly wage$907▲ 2.8% from the prior annual release
Largest private supersectorLeisure and hospitality42.3% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−0.1%WEEKLY WAGE+2.8%Leisure and hospitality42.3%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Worcester County presents an income-versus-resale tension: Zillow’s county median home value was $425,479, down 2.25% year over year, while measured median asking rent rose 12.26% and the supplied gross yield was 6.47% before costs. That favors investors who can validate current rent and full carrying costs; buyers relying on appreciation or resale liquidity should be cautious.

02Housing economics

The $2,294 monthly figure is a measured median asking-rent statistic. HUD FMR is a payment standard, not a market-rent estimate, and cannot be substituted into yield. The published effective property-tax rate of 0.73% adds known carrying-cost context, but insurance, financing, maintenance, vacancy and operating expenses are not published. Their absence prevents a net-yield, debt-service or tax-and-insurance burden conclusion for a specific property.

03Demand & competition

Realtor.com’s MLS listing market shows visible choice and seller concessions rather than proven buyer demand: 742 active listings, a 68-day median marketing time, and 20.74% of listings reduced in price. Median listing price is an asking price, active listings are visible supply, and neither days on market nor pending activity is a closed-sale measure. Investors made 236 of 1,527 purchases, a 15.46% share, so non-owner competition warrants deal-level checking. Net migration was positive and incoming movers reported higher average income than outgoing movers, a limited household-flow signal rather than proof of tenant demand. QCEW annual covered employment at county workplaces declined slightly; leisure and hospitality is its largest disclosed private supersector, not the whole economy.

04Risk & next checks

Hurricane is the dominant hazard, and the modeled annual climate-loss ratio is 0.13% of building value; this is a modeled ratio, not an insurance quote or a site-specific flood determination. FHFA’s 2025 repeat-transaction HPI rose 2.58% annually, challenging the direction of Zillow’s 2026-06 value decline, but the observations cannot be averaged because their vintages and methods differ and HPI is not a home value. Next checks are parcel flood and wind exposure, insurance premiums and deductibles, lease comparables and renewal data, and transaction-level sales; without them, net cash flow, hazard pricing and resale liquidity cannot be underwritten.

Cities & communities

Where people live within Worcester County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Ocean Pines CDP12.4KOcean City town6.9KBerlin town5.2KWest Ocean City CDP5.2KPocomoke City city4.4KSnow Hill town2.7KBishopville CDP516Newark CDP244
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

11 Census places

Population
  1. 01
    Ocean Pines CDPCensus-designated place
    12,351
  2. 02
    Ocean City townIncorporated place
    6,903
  3. 03
    Berlin townIncorporated place
    5,232
  4. 04
    West Ocean City CDPCensus-designated place
    5,198
  5. 05
    Pocomoke City cityIncorporated place
    4,405
  6. 06
    Snow Hill townIncorporated place
    2,659
  7. 07
    Bishopville CDPCensus-designated place
    516
  8. 08
    Newark CDPCensus-designated place
    244
  9. 09
    Whaleyville CDPCensus-designated place
    198
  10. 10
    Stockton CDPCensus-designated place
    110
  11. 11
    Girdletree CDPCensus-designated place
    77

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardhurricane

0.128% of building value expected lost per year

Effective property tax0.73%

$2,738 median annual bill

02
DemandIRS SOI household flows
Net migration+41

1,962 in · 1,921 out

Arriving vs leaving income+$14,383

$90,073 arriving · $75,690 leaving

03
CompetitionHMDA financed purchases
Purchases by investors15.5%

236 of 1,527 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings742▲ 1.1% year over year
Median days on market68▲ 0.4% year over year
Listings price-reduced20.7%seller-concession signal
Median listing pricen/a▲ 2.2% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Bear case

What can break the county thesis

  1. Asking rents may not be achievable or durable for the specific property after lease-up.
  2. Flood, wind, insurance and operating costs may erase the reported gross-yield economics.
  3. MLS concessions and marketing time may make resale liquidity weaker than the income case assumes.
Underwriting questions

Before pricing a property

Can HUD FMR be used to calculate gross yield?

No. The record identifies FMR as a payment standard and separately publishes median asking market rent and gross yield.

Do Zillow and FHFA show the same price series or period?

No. Zillow is a county home-value observation for 2026-06, while FHFA is a 2025 repeat-transaction appreciation index.

What is known about investor buyer participation?

Investor purchases were 236 of 1,527 total purchases, representing 15.46%.