Anne Arundel County Real Estate and Livability Trends
Anne Arundel County, Maryland has seen its average taxable income per tax return rise from $78,509.84 in 2013 to $118,268.36 by 2021, suggesting an upswing in economic prosperity that could attract real estate investors. Median home values increased from $334,100 in 2015 to $432,000 in 2022, outpacing both state and national trends. Property crime rates have fluctuated, but saw significant drops... Read more
Anne Arundel County Market Trends
Anne Arundel County's median home values have surged from $334,100 in 2015 to $432,000 in 2022, outpacing Maryland's statewide and national trends. For real estate agents and investors, these figures are promising when it comes to property value appreciation. The county has also seen substantial fluctuations in residential energy tax credits, particularly peaking in 2018 at $3,812.78, hinting at... Read more
Median Value of Occupied Housing Units in Anne Arundel County, Maryland Over the Last 8 Years
Anne Arundel County's median home values have surged from $334,100 in 2015 to $432,000 in 2022, reflecting a steady incline that outpaces both statewide and national trends. Compared to Maryland's values, which increased from $286,900 to $380,500 over the same period, Anne Arundel exhibits a more aggressive growth rate. Nationally, the median home value rose from $125,500 in 2015 to $179,400 in 2022, making Anne Arundel County's figures substantially higher and potentially more attractive for investors and homeowners seeking significant property value appreciation.
Residential Energy Tax Credit Per Tax Return in Anne Arundel County, MD Over the Last 9 Years
Anne Arundel County, Maryland has seen notable fluctuations in residential energy tax credits per tax return over the past nine years. A significant spike occurred in 2018, where the average credit surged to $3,812.78, likely driven by heightened investment in energy-efficient home improvements. This peak stands in stark contrast to the relatively stable yet much lower averages in other years, such as $667.97 in 2014 and $867.43 in 2016. For potential investors and homeowners, this variability underscores the importance of considering both historical incentives and future policy shifts that may impact the financial benefits of energy-efficient upgrades in the area.
Average Real Estate Taxes Per Tax Return in Anne Arundel County, MD Over the Last 10 Years
In Anne Arundel County, Maryland, average real estate taxes per tax return have seen a steady increase over the past decade, starting from around $3,741.55 in 2012 and climbing to approximately $5,431.84 in 2021. This upward trend suggests a potential rise in property values and increased county revenue needs. Real estate agents might find this trend appealing when discussing future property values with potential buyers, while investors and builders could see this as an indicator of a robust real estate market. However, those looking to move to or insure property in the area might need to budget for higher ongoing tax costs.
Percentage of Farm Returns in Anne Arundel County, MD Over the Last 10 Years
The trend in farm tax returns in Anne Arundel County, Maryland, over the past decade shows a gradual decline, from approximately 0.17% in 2012 to around 0.13% in 2021. Farm tax returns represent the ratio of farming operations submitting tax returns to the total number of tax returns filed. This trend might hint at a decrease in active farming operations in the area, which could impact land use, property values, and investment opportunities. For potential investors or residents, this declining trend suggests a shift away from agricultural activities, possibly opening up land for other developments or indicating changes in local economic priorities.
Number of Mortgages by Occupancy Type in Anne Arundel County, MD Over the Last 5 Years in Anne Arundel County
Anne Arundel County, Maryland has seen notable shifts in mortgage activity over the last five years, particularly in the types of occupancies for which mortgages are secured. Principal residences have consistently dominated, peaking at 67,393 mortgages in 2020. Investment properties showed a moderate trend with a high in 2021 at 2,939 and have generally remained lower than residential properties. Second residences have maintained relatively low and stable mortgage counts. The drop in principal residence mortgages in 2022 might signify changing market conditions, higher interest rates, or shifts in buying power. For investors, builders, and insurance agents, these trends could flag shifting demands and market health, directly impacting appraisal values, risk assessment, and development strategies. Real estate agents and potential homeowners should be mindful of these dynamics as they may influence long-term investment value and housing availability.
Economic Outlook
Anne Arundel County, Maryland has experienced a notable uptick in average taxable income per tax return, climbing from around $78,509.84 in 2013 to about $118,268.36 by 2021. This suggests growing economic prosperity, potentially making the county more attractive to investors and real estate agents. Rising state and local income taxes, now averaging $16,393.07 per tax return, may hint at increasing tax burdens or growing incomes, influencing long-term financial planning for prospective... Read more
Average Taxable Income per Tax Return in Anne Arundel County, MD over the last 9 years
Anne Arundel County, Maryland has seen a steady increase in average taxable income per tax return over the past nine years, starting at approximately $78,509.84 in 2013 and rising to roughly $118,268.36 by 2021. This upward trend could potentially make the county an attractive option for investors and real estate agents looking at areas with increasing economic prosperity. For insurance agents and appraisers, the rising incomes might correlate with increased demand for higher-value coverage and more robust property assessments. This financial growth also suggests that Anne Arundel County could be developing into a more affluent area, potentially appealing to both current and prospective residents looking for economic stability and opportunities for growth.
Average State and Local Income Taxes Per Tax Return in Anne Arundel County, MD Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Anne Arundel County, Maryland have generally shown an upward trend, reaching $16,393.07 in 2021 from $8,851.30 in 2012. This continuous rise may indicate economic growth and potentially rising incomes, but it could also suggest increasing tax rates or changes in taxable incomes. Prospective investors or residents might want to consider these tax trends when evaluating the long-term financial implications of living in or investing in the area.
Average Total Tax Liability Per Tax Return in Anne Arundel County, MD Over the Last 10 Years
Average total tax liability per tax return in Anne Arundel County, Maryland has seen a notable upward trend over the past decade. Starting at approximately $13,825.24 in 2012, the value has steadily increased, reaching $22,404.56 in 2021. This rise suggests a growing economic base and possibly increasing property values, reflecting positively on the region’s fiscal health. Such a trend may be appealing to investors and real estate developers eyeing growth potential, while also indicating evolving considerations for appraisers and insurance agents managing risk assessments.
Cost of Living in Anne Arundel County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,531 | $1,633 | $1,404 | $1,969 | $2,083 |
| 1 adult 4 children | $2,531 | $1,333 | $1,069 | $1,969 | $2,243 |
| 2 adults 3 children | $2,531 | $1,334 | $1,220 | $1,969 | $1,848 |
| 1 adult 3 children | $2,531 | $1,089 | $886 | $1,969 | $2,034 |
| 2 adults 2 children | $1,950 | $1,092 | $1,036 | $1,722 | $1,420 |
| 1 adult 2 children | $1,950 | $816 | $702 | $1,722 | $1,520 |
| 2 adults 1 child | $1,950 | $863 | $853 | $920 | $1,192 |
| 1 adult 1 child | $1,950 | $557 | $518 | $920 | $1,196 |
| 2 adults | $1,580 | $693 | $669 | $0 | $931 |
| 1 adult | $1,363 | $378 | $334 | $0 | $799 |
Safety trends & Data
In Anne Arundel County, Maryland, property crime rates have exhibited notable fluctuations over the past five years. Larceny-theft incidents dramatically dropped from 1,724.00 cases in 2018 to just 16.00 in 2021, before rising to 706.00 in 2022. Burglary arrests have generally decreased, from 353.00 in 2018 to a low of 2.00 in 2021, with a minor increase to 77.00 in 2022. Motor vehicle thefts significantly declined from 116.00 in 2018 to 33.00 in 2022, and vandalism saw a downward trend from... Read more
Property Crime Trends in Anne Arundel County, MD Over the Last 5 Years
Over the past five years, Anne Arundel County, Maryland has seen significant fluctuations in property crime rates. Notably, instances of larceny-theft showed a sharp decline from 1,724.00 cases in 2018 to just 16.00 in 2021, before slightly ascending to 706.00 in 2022. Burglary arrests have also generally decreased, moving from 353.00 in 2018 to a low of 2.00 in 2021, with a slight uptick to 77.00 in 2022. Motor vehicle thefts appear to have reduced considerably from 116.00 in 2018 to 33.00 in 2022. Vandalism presents a downward trend, dropping from 217.00 instances in 2018 to 90.00 in 2022. Investors, real estate agents, and insurance professionals might take interest in these declines as they potentially indicate improved safety and lower risk for property-related ventures.
Demographics
Anne Arundel County, Maryland, exhibits a relatively balanced gender distribution with a slight female majority. The educational attainment landscape shows a considerable proportion of residents holding a high school diploma or higher, with a notable segment achieving bachelor’s and graduate degrees, indicating a well-educated populace. In terms of age, the county has a significant concentration of residents in their prime working years (25-64), which could be a positive indicator for local... Read more
Race Distribution in Anne Arundel County, Maryland (2022)
Educational Attainment in Anne Arundel County, Maryland (2022)
Age Distribution in Anne Arundel County, Maryland
Citizen Population in Anne Arundel County, Maryland (2022)
Political Trends & Data
Anne Arundel County, Maryland's real estate market might see interesting shifts due to potential trends towards Democratic support in the 2020 U.S. Presidential Election. With minimal traction for Libertarians and the Green Party, the political landscape doesn't just hint at ideological preferences but could also influence local policies affecting housing and community planning. Understanding these political nuances could be critical for investors and homebuyers eyeing this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Anne Arundel County, Maryland, the 2020 U.S. Presidential Election results perhaps indicate a tilt toward the Democratic Party, which garnered potentially more support compared to the Republican Party. Libertarians and the Green Party seemingly captured minimal voter interest, with both parties hardly crossing the 1-2% threshold. It might be inferred that smaller third parties struggled to make a significant impact in this county's voter base.
41.28% of voters voted for the Republican party in the 2020 Presidential Election
55.82% of voters voted for the Democrat party in the 2020 Presidential Election
1.50% of voters voted for the Livertarian party in the 2020 Presidential Election
0.40% of voters voted for the Green party in the 2020 Presidential Election
0.99% of voters voted for the Other party in the 2020 Presidential Election
