Charles County Real Estate and Livability Trends
Charles County, Maryland, has experienced a marked increase in median home values, rising from $284,500 in 2015 to around $382,800 by 2022, outperforming state and national averages, which hints at the area's growing desirability. The average total tax liabilities for residents peaked at $11,696.90 in 2021, reflecting economic changes that could impact property investment decisions. Additionally,... Read more
Charles County Market Trends
Over the last eight years, median home values in Charles County, Maryland have increased significantly, reaching $382,800 in 2022 from $284,500 in 2015, exceeding both state and national averages. This makes the county particularly appealing for those looking to capitalize on higher-than-average home valuations. The average Residential Energy Tax Credit per tax return has fluctuated dramatically,... Read more
Median Value of Occupied Housing Units in Charles County, Maryland Over the Last 8 Years
Over the last eight years, median home values in Charles County, Maryland have consistently trended upwards, reaching $382,800 in 2022 from $284,500 in 2015. This steady growth surpasses both the state and national averages, with Maryland seeing its median values rise to $380,500 and the national figure hitting $179,400 by 2022. This makes Charles County particularly compelling for investors, homeowners, and builders looking to capitalize on a robust market with higher-than-average home valuations.
Residential Energy Tax Credit Per Tax Return in Charles County, MD Over the Last 9 Years
Charles County, Maryland has seen substantial fluctuations in the average Residential Energy Tax Credit per tax return over the past nine years. Starting at $375.77 in 2013, the credit saw a noteworthy peak in 2018 at $2409.68. Although it dropped to $1381.51 in 2019 and $1111.83 in 2020, the value rebounded to $1380.20 by 2021. Such trends indicate a sporadic but generally increasing commitment to energy-efficient improvements, potentially making the county appealing for eco-conscious investors and homeowners.
Average Real Estate Taxes Per Tax Return in Charles County, MD Over the Last 10 Years
Over the last decade, Charles County, Maryland has seen a substantial rise in average real estate taxes per tax return. From $3,780.72 in 2012 to $4,948.77 in 2021, this escalating trend might be attributed to factors such as increased property valuations and potential shifts in local tax policies. For those contemplating new investments, moving, or engaging in real estate activities in this area, these upward adjustments in tax amounts could affect long-term financial planning and property affordability.
Percentage of Farm Returns in Charles County, MD Over the Last 10 Years
In the past decade, Charles County, Maryland has seen a subtle but steady decline in the percentage of farm tax returns, decreasing from approximately 0.59% in 2012 to around 0.46% in 2021. Farm tax returns reflect the portion of tax filings attributed to farming operations, which can signal shifts in agricultural activity and economic health in the area. For investors and potential residents, this trend might hint at a transitioning local economy, potentially moving away from traditional farming towards other types of development or industry. This information can be crucial for those assessing the economic landscape or considering agricultural investments in Charles County.
Number of Mortgages by Occupancy Type in Charles County, MD Over the Last 5 Years in Charles County
Charles County, Maryland has seen notable shifts in mortgage distributions over the last five years. Principal residences overwhelmingly dominate the mortgage landscape, though their numbers surged significantly in 2020 and even more in 2021 before dropping in 2022. Investment property mortgages have shown a moderate fluctuation, peaking in 2021, while second residences have consistently maintained a minimal share. For investors and real estate agents, these trends could signal varying levels of demand and potential market saturation. Appraisers and insurance agents might take interest in these shifts as indicators of property usage trends and associated risks. Prospective residents should also be aware that the majority market orientation towards principal residences may influence community characteristics and amenities.
Economic Outlook
Charles County, Maryland, has witnessed a consistent rise in average taxable income per tax return over the past nine years, climbing from about $67,708.53 in 2013 to approximately $81,387.91 in 2021. Concurrently, state and local income taxes and overall tax liabilities have trended upwards, with average total tax liabilities peaking at $11,696.90 in 2021. These financial shifts indicate growing economic responsibilities that could influence property investment decisions. Despite occasional... Read more
Average Taxable Income per Tax Return in Charles County, MD over the last 9 years
Charles County, Maryland has seen a generally upward trend in average taxable income per tax return over the past nine years. Starting at approximately $67,708.53 in 2013, the average taxable income has increased nearly every year, reaching a high of about $81,387.91 in 2021. This gradual rise indicates a growing income base, which may suggest economic stability and potentially increasing property values, making the area attractive for potential investors, new residents, and real estate professionals.
Average State and Local Income Taxes Per Tax Return in Charles County, MD Over the Last 10 Years
Charles County, Maryland has seen a steady increase in average state and local income taxes per tax return over the past decade, starting from $6,825.16 in 2012 to $8,719.05 in 2021. This trend suggests a growing economic obligation for residents, which could impact those considering moving or investing in property in the area. For current residents, the incremental rise indicates a potential need to adjust financial plans to accommodate higher tax burdens.
Average Total Tax Liability Per Tax Return in Charles County, MD Over the Last 10 Years
Charles County, Maryland has seen a fluctuating yet upward trend in average total tax liability over the past decade, peaking at $11,696.90 in 2021. Noteworthy increases occurred in 2014 and 2021, indicative of broader economic changes or local policy shifts. For potential investors, real estate agents, and others engaged in property within the county, this trend suggests an escalating tax burden which could impact financial planning, investment strategies, and cost of living considerations.
Cost of Living in Charles County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,219 | $1,544 | $1,404 | $1,969 | $1,908 |
| 1 adult 4 children | $2,219 | $1,261 | $1,069 | $1,969 | $2,085 |
| 2 adults 3 children | $2,219 | $1,262 | $1,220 | $1,969 | $1,679 |
| 1 adult 3 children | $2,219 | $1,030 | $886 | $1,969 | $1,872 |
| 2 adults 2 children | $1,774 | $1,033 | $1,036 | $1,722 | $1,339 |
| 1 adult 2 children | $1,774 | $771 | $702 | $1,722 | $1,438 |
| 2 adults 1 child | $1,774 | $816 | $853 | $920 | $1,138 |
| 1 adult 1 child | $1,774 | $527 | $518 | $920 | $1,126 |
| 2 adults | $1,559 | $656 | $669 | $0 | $933 |
| 1 adult | $1,534 | $358 | $334 | $0 | $900 |
Safety trends & Data
Charles County, Maryland's recent trends in property crimes could be significant for the real estate market. Burglary incidents plummeted from 161 in 2019 to 56 in 2022, while larceny-theft fell dramatically from 892 in 2018 to 205 in 2022. Motor vehicle thefts have remained consistent, averaging between 13 and 23 cases yearly. Embezzlement, fraud, and forgery cases have notably decreased, which might suggest a safer environment, potentially attracting investors, real estate agents, and... Read more
Property Crime Trends in Charles County, MD Over the Last 4 Years
Charles County, Maryland has experienced notable fluctuations in property crimes over the past four years. Burglary incidents saw a decrease from 161 in 2019 to just 56 in 2022, and larceny-theft also dropped significantly from 892 in 2018 to 205 in 2022. However, motor vehicle theft numbers have remained relatively stable, hovering around 13 to 23 cases per year. Interestingly, embezzlement and fraud rates appear to be on a decline, with forgery and counterfeiting cases also sharply dropping from 47 in 2018 to just 4 in 2022. Such trends might attract potential investors, real estate agents, and appraisers, indicating a potentially safer environment for property-related activities.
Demographics
Charles County, Maryland reveals a slightly higher female population compared to males. Educationally, a significant portion of the population are high school graduates, with a large number having pursued some college, while graduate or professional degrees are less common. The age distribution showcases a diverse spread across younger to older age brackets, yet those between 35 to 44 and 45 to 54 years display the highest numbers. Racially, the county is predominantly Black or African American... Read more
Race Distribution in Charles County, Maryland (2022)
Educational Attainment in Charles County, Maryland (2022)
Age Distribution in Charles County, Maryland
Citizen Population in Charles County, Maryland (2022)
Political Trends & Data
Charles County, Maryland, showed a strong Democratic leaning in the 2020 U.S. Presidential Election, with Democrats potentially capturing about 69% of the vote. Republicans trailed significantly, securing roughly 29%, while minor parties like the Libertarians and Greens collectively garnered under 2%. This trend may indicate broader regional or demographic shifts influencing the county's political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Charles County, Maryland, the 2020 U.S. Presidential Election saw Democrats potentially capturing a significant majority of the vote at approximately 69%, while Republicans secured around 29%. Minor parties played a minimal role, with Libertarians, Greens, and other parties collectively garnering less than 2% of the vote. This indicates a strong Democratic leaning in the county that election cycle, which might reflect broader regional or demographic shifts.
28.58% of voters voted for the Republican party in the 2020 Presidential Election
69.47% of voters voted for the Democrat party in the 2020 Presidential Election
0.86% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Green party in the 2020 Presidential Election
0.64% of voters voted for the Other party in the 2020 Presidential Election
School Data
Charles County, Maryland's student-to-teacher ratio has fluctuated over the past decade, peaking at 15 in 2014 and averaging around 14 in recent years. This balanced ratio might attract prospective residents who prioritize personalized education for their children, potentially driving property values up. For investors, real estate agents, and appraisers, these educational metrics are essential for assessing community stability and long-term property... Read more
Student-to-teacher ratio in Charles County, Maryland over the last 10 years
Over the last decade, Charles County, Maryland has seen a fluctuating student-to-teacher ratio, initially peaking at 15 in 2014 and dipping to around 14 in more recent years. Despite this variability, the county's ratio tends to hover near the national average of 14 students per teacher. This trend could imply balanced class sizes which might be attractive to prospective residents seeking personalized education for their children. For investors and real estate agents, understanding these educational metrics is crucial, as areas with favorable student-to-teacher ratios often signal strong community support for education, potentially driving property values up. Appraisers and insurance agents may also find these trends relevant for assessing community stability and long-term value.
