St. Michaels, MD Housing

The housing market in St. Michaels, MD is strong and thriving. The median value of houses in the area is currently $526,100, which is significantly higher than the US House Median Value of $338,100. In addition to being above the US median value, the 1 year house appreciation in St. Michaels is 9.21%, which is higher than the US 1 year house appreciation of 8.27%. This shows that home values are increasing in St. Michaels at a greater rate than most other areas around the country. As such, it is an attractive option for potential homeowners looking for a safe investment.

The median home cost in St. Michaels is $526,100. Home appreciation the last 10 years has been 56.7%. Home Appreciation in St. Michaels is up 14.5%.

Average Age of Homes

- The median age of St. Michaels real estate is 57 years old

The Rental Market in St. Michaels

- Renters make up 33.2% of the St. Michaels population
- 1.1% of houses and apartments in St. Michaels, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	St. Michaels, Maryland	United States
	902.0	139,647,020.0
	64	42
	$526,100	$338,100
	14.5%	16.6%
	46.6%	57.0%
	56.7%	101.1%
	$5.82	$10.98
	$2,723	$2,690
	54.5%	57.4%
	20.6%	11.2%
	24.8%	31.4%
Vacant Housing
	1.1%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.7%	0.4%
	15.1%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	22.2%	11.3%
	7.7%	13.0%
	4.5%	20.1%
	7.5%	13.6%
	12.0%	8.3%
	27.0%	9.7%
	15.0%	3.9%
	4.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	3.2%	13.6%
	3.2%	13.6%
	11.0%	13.6%
	15.0%	13.2%
	6.7%	14.8%
	11.0%	13.6%
	7.7%	10.0%
	3.5%	4.7%
	40.8%	12.2%