Maryland Real Estate and Livability Trends

Maryland's real estate market reflects a complex interplay of higher taxable incomes and rising tax liabilities, possibly driving property value appreciation while also tightening financial conditions. Median home values leapt from $286,900 in 2015 to $380,500 in 2022, outpacing national trends and signaling a competitive market. Real estate taxes also climbed from $4,147.98 in 2012 to $5,754.48... Read more

Economic Outlook

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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,... Read more

Average Taxable Income per Tax Return in Maryland over the last 9 years

Over the last nine years, Maryland has seen a consistent increase in average taxable income per tax return, starting from about $70,428.95 in 2013 to approximately $99,321.11 in 2021. This growth trend may suggest a favorable economic environment for investors and real estate professionals, with higher incomes possibly translating to increased market demand and property value appreciation. Insurance agents and appraisers might also find this data useful for adjusting their evaluations and policies. For those considering relocating to or building in Maryland, the upward trajectory in incomes could signal promising opportunities and a potentially booming local economy.

Cost of Living in Maryland

Safety trends & Data

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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... Read more

Property Crime Trends in Maryland Over the Last 5 Years

Property crime trends in Maryland have shown significant fluctuations over the last five years. Fraud consistently led the charts, peaking at 15,447.00 incidents in 2019 but notably declining to 5,925.00 in 2022. Larceny-theft saw a high of 3,784.00 in 2018, dropping to 844.00 by 2021, with a slight recovery in 2022. Arson incidents decreased from 1,969.00 in 2018 to 600.00 in 2021 before slightly rising to 898.00 in 2022. Categories like embezzlement, burglary, and motor vehicle theft generally trended downwards. This evolving landscape will likely influence property valuations, insurance rates, and overall investment appeal in the state.

Demographics

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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... Read more

Race Distribution in Maryland (2022)

Educational Attainment in Maryland (2022)

Age Distribution in Maryland

Citizen Population in Maryland (2022)

Political Trends & Data

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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... Read more

Percentage of Votes in the 2020 U.S. Presidential Election by Party

Maryland's 2020 presidential election results seemed to lean heavily towards the Democratic Party, with roughly 13.1% of the votes, compared to about 6.4% 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.

6.43% of voters voted for the Republican party in the 2020 Presidential Election

13.07% of voters voted for the Democrat party in the 2020 Presidential Election

0.22% of voters voted for the Libertarian party in the 2020 Presidential Election

0.10% of voters voted for the Green party in the 2020 Presidential Election

0.17% of voters voted for the Other party in the 2020 Presidential Election

School Data

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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... Read more

Student-to-teacher ratio in Maryland over the last 10 years

In Maryland, the student-to-teacher ratio has varied mildly over the past decade, mostly hovering around 14 students per teacher, except for a notable dip starting in 2019, dropping to 13 by 2021, and marginally rising again to 13.41 in 2023. Although these numbers closely align with the national average, the recent decrease might suggest improved student engagement and attention or possibly reflect shifts in school funding and staffing levels. For investors, real estate agents, and potential movers, lower ratios could enhance the appeal of Maryland's educational system, signaling a potentially higher quality of education and a desirable feature for families. For appraisers and insurance agents, such trends could influence property valuations and insurance policies within the region.