Maryland Real Estate and Livability Trends

Maryland's median home values have generally been on the rise, surging from $286,900 in 2015 to $380,500 in 2022, driven by increasing demand and limited housing supply. Maryland's housing market appears considerably more competitive and lucrative compared to the national median, which climbed from $125,500 to $179,400 over the same period. The average residential energy tax credit per tax return... has shown marked volatility, with a notable spike in 2018 to $2,969.64, reflecting potential changes in state tax policies or varying adoption rates of energy-efficient upgrades. Real estate taxes have also risen steadily, from $4,147.98 in 2012 to $5,754.48 in 2021, highlighting potential increases in property values or policy changes. Meanwhile, Maryland farm tax returns have shown a slight but persistent decline, which may indicate a gradual decrease in farm-related economic activity or shifts in the agricultural landscape. Read more

Maryland's real estate market might be influenced by increasing average taxable income per tax return, which rose from about $70,428.95 in 2013 to approximately $99,321.11 in 2021. This upward trend could suggest a favorable environment for property value appreciation and higher market demand. However, average state and local income taxes have also increased, from around $8,760.07 in 2012 to approximately $14,891.82 in 2021, possibly indicating tightening financial conditions. Additionally,... overall tax liabilities per return have grown, climbing from $12,585.24 in 2012 to an estimated $18,227.20 in 2021, which may affect long-term financial planning for investors and homeowners. Read more

Maryland's property crime trends over the last five years reveal significant fluctuations. Fraud incidents peaked at 15,447.00 in 2019 but fell sharply to 5,925.00 by 2022. Larceny-theft hit 3,784.00 in 2018, then dropped to 844.00 in 2021, with a slight uptick in 2022. Arson saw a decrease from 1,969.00 incidents in 2018 to 600.00 in 2021 before rising to 898.00 in 2022. These evolving crime statistics may impact property valuations, insurance rates, and overall investment appeal in... Maryland. Read more

Maryland's adult population in 2022 showed a slightly higher number of females compared to males. With regard to educational attainment, nearly half of adults have completed at least some college education, showcasing a well-educated populace. The age distribution indicates a balanced population across various age groups, with the largest segments being those aged 25 to 34 years and 55 to 64 years, suggesting a mixed generational workforce. Racially, the state appears predominantly White, with... significant representation from Black or African American and Asian populations, hinting at considerable cultural diversity. Read more

Maryland's 2020 presidential election results seemed to lean heavily towards the Democratic Party, with roughly 13.10% of the votes, compared to about 6.40% for the Republican Party. Minor parties like the Libertarians and Greens captured negligible portions of the vote, potentially indicating limited influence in this region. The state may be seen as a stronghold for the Democrats, given their significantly higher percentage in the vote compared to other... parties. Read more

In Maryland, the student-to-teacher ratio has seen a modest decline over the past few years, dipping to about 13 students per teacher by 2021 and slightly increasing to 13.41 in 2023. This trend, while aligning closely with national averages, could point to improved student engagement and better resources, signaling a potentially higher quality of education. For real estate agents and investors, this can be a compelling selling point for families, whereas appraisers and insurance agents might... consider this data when evaluating property values and insurance policies. Read more