St. Mary's County Real Estate and Livability Trends
In St. Mary's County, Maryland, median home values have spiked from $297,200 in 2015 to $376,900 in 2022, outstripping national trends and suggesting strong local demand. The rise in residential energy tax credits in 2018 indicates growing interest in energy-efficient homes, which could be a selling point. Real estate taxes have inched up from approximately $3,272.42 in 2012 to $3,952.00 in 2021,... Read more
St. Mary's County Market Trends
In St. Mary's County, Maryland, median home values have surged from $297,200 in 2015 to $376,900 in 2022, paralleling state trends and significantly outpacing national growth. Residential energy tax credits saw a notable spike in 2018, indicating a rising interest in energy efficiency. Real estate taxes have climbed from approximately $3,272.42 in 2012 to $3,952.00 in 2021, hinting at increasing... Read more
Median Value of Occupied Housing Units in St. Mary's County, Maryland Over the Last 8 Years
St. Mary's County, Maryland has seen a consistent rise in median home values over the past eight years, jumping from $297,200 in 2015 to $376,900 in 2022. This reflects a comparable trend to the state of Maryland, whose median values increased from $286,900 to $380,500 over the same period. However, nationally, the values increased at a slower pace, from $125,500 to $179,400. If you’re considering investing, moving, or building in St. Mary’s County, these rising home values may indicate a strong local market and potential for property appreciation, closely mirroring state trends yet significantly outpacing the national average.
Residential Energy Tax Credit Per Tax Return in St. Mary's County, MD Over the Last 9 Years
St. Mary's County, Maryland has seen substantial fluctuation in residential energy tax credits per tax return over the past nine years, with a notable spike in 2018 at $3580.00. This trend signals a growing awareness and investment in energy-efficient improvements, potentially driven by available incentives. Such data may interest investors looking to evaluate the county's commitment to sustainable living, real estate agents assessing property values or appraisers and insurance agents considering energy-efficient home evaluations.
Average Real Estate Taxes Per Tax Return in St. Mary's County, MD Over the Last 10 Years
Average real estate taxes per tax return in St. Mary's County, Maryland, have shown a general upward trend over the past decade, rising from approximately $3,272.42 in 2012 to around $3,952.00 by 2021. Notably, there has been a more pronounced increase starting in 2018, peaking at nearly $3,956.28 in 2020. This gradual rise in real estate taxes could suggest increasing property values or adjustments in tax rates, potentially indicative of a growing or improving local economy. Prospective investors and residents should consider this trend as it might affect overall cost considerations.
Percentage of Farm Returns in St. Mary's County, MD Over the Last 10 Years
Over the last decade, St. Mary's County, Maryland has shown a subtle yet noticeable decline in the percentage of farm tax returns, starting at roughly 1.45% in 2012 and dropping to around 1.20% by 2021. Farm tax returns are a key indicator of agricultural activity, reflecting the number of taxpayers who report farming income. This downward trend may suggest a gradual shift away from agriculture, a potential concern for stakeholders in the local farming economy. For investors, this could signal changing land use patterns and growing opportunities for residential or commercial development, while for current residents, it may hint at evolving economic priorities in the community.
Number of Mortgages by Occupancy Type in St. Mary's County, MD Over the Last 5 Years in St. Mary's County
St. Mary's County in Maryland has shown distinct trends in mortgage numbers over the past five years, especially for principal residences, which dominate the market with consistently high counts compared to investment and second properties. Despite a noticeable decrease in 2022, possibly indicating market adjustments or economic fluctuations, principal residences remain the most stable investment. The varied shift seen in investment property mortgages, alongside a relatively constant but minimal engagement in second home purchases, suggests a nuanced market dynamic that stakeholders should watch closely. These changes in occupancy type are crucial for investors, real estate agents, appraisers, and insurance agents, as they indicate shifting priorities and risks within the housing market, influencing everything from property values to insurance premiums and investment strategies.
Economic Outlook
St. Mary's County, Maryland has experienced a steady rise in average taxable income per tax return over the past nine years, climbing from $71,229.84 in 2013 to $91,478.44 in 2021, hinting at economic growth and an influx of higher earners to the area. Although state and local income taxes have also risen, peaking at $10,986.65 in 2020, a slight decrease to $10,761.09 in 2021 poses questions about recent tax policy changes. Investors and real estate agents may find this trend indicative of... Read more
Average Taxable Income per Tax Return in St. Mary's County, MD over the last 9 years
St. Mary's County, Maryland has seen a fairly consistent rise in average taxable income per tax return over the last nine years. Starting at approximately $71,229.84 in 2013, the average taxable income has gradually increased to around $91,478.44 by 2021. The most notable jumps occurred between 2017 and 2018, and again from 2020 to 2021, indicating potential economic growth and possibly an influx of higher earners to the area. For investors, real estate agents, and insurance agents, this upward trend might suggest a growing affluence and stability in the region's economic landscape.
Average State and Local Income Taxes Per Tax Return in St. Mary's County, MD Over the Last 10 Years
St. Mary's County, Maryland has seen a noticeable upward trend in average state and local income taxes per tax return over the past decade. Starting at $7,879.50 in 2012, these averages have gradually increased, peaking at $10,986.65 in 2020 before slightly decreasing to $10,761.09 in 2021. This consistent rise, particularly the sharp jumps between 2017 to 2020, may signal economic growth or changing tax policies, potentially impacting decisions for investors, residents, and those considering property development in the area.
Average Total Tax Liability Per Tax Return in St. Mary's County, MD Over the Last 10 Years
Over the past decade, St. Mary's County, Maryland has seen a consistent increase in the average total tax liability per tax return, starting from $10,571.09 in 2012 and peaking at $14,090.04 in 2021. This upward trend could indicate growing incomes or changes in tax policy affecting residents, which may be crucial for potential investors, those considering relocation, property developers, and real estate agents. The significant jump between 2020 and 2021 might suggest recent shifts in the economic landscape or tax regulations that could warrant further investigation for those involved in financial planning and real estate markets.
Cost of Living in St. Mary's County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,168 | $1,552 | $1,456 | $1,691 | $1,823 |
| 1 adult 4 children | $2,168 | $1,268 | $1,110 | $1,691 | $1,993 |
| 2 adults 3 children | $2,168 | $1,268 | $1,265 | $1,691 | $1,588 |
| 1 adult 3 children | $2,168 | $1,035 | $919 | $1,691 | $1,774 |
| 2 adults 2 children | $1,597 | $1,038 | $1,074 | $1,478 | $1,205 |
| 1 adult 2 children | $1,597 | $775 | $728 | $1,478 | $1,280 |
| 2 adults 1 child | $1,597 | $820 | $883 | $787 | $1,066 |
| 1 adult 1 child | $1,597 | $530 | $537 | $787 | $1,015 |
| 2 adults | $1,323 | $659 | $693 | $0 | $872 |
| 1 adult | $1,304 | $360 | $346 | $0 | $807 |
Safety trends & Data
St. Mary's County, Maryland has shown interesting shifts in property crime trends over the past five years. Burglary rates have significantly decreased from 93.0 in 2018 to a low of 35.0 in 2021, before ticking up to 61.0 in 2022. Larceny-theft incidents halved from 361.0 in 2018 to around 185.0 by 2022, and motor vehicle theft saw fluctuations, peaking at 33.0 in 2019 but varying between 8.0 to 21.0 in other years. Decreasing frequencies in embezzlement and fraud suggest tighter controls or... Read more
Property Crime Trends in St. Mary's County, MD Over the Last 5 Years
St. Mary's County, Maryland has displayed notable trends in property crime over the past five years. Arson occurrences have been relatively low, with a minor fluctuation between 7.0 incidents in 2018 and a drop to 2.0-4.0 over subsequent years. Burglary rates significantly decreased from 93.0 in 2018 to a low of 35.0 in 2021 but showed a slight uptick to 61.0 in 2022. Larceny-theft incidents started high with 361.0 in 2018 but halved to around 185.0 by 2022. Motor vehicle theft saw variability, peaking at 33.0 in 2019 but fluctuating between 8.0 to 21.0 in other years. Embezzlement and fraud maintained low and decreasing frequencies, indicating possible tighter controls or fewer opportunities. For investors, real estate agents, and those considering moving to St. Mary's, understanding these crime trends can inform risk assessments, property valuations, and insurance calculations.
Demographics
St. Mary's County in Maryland showcases quite a balanced gender distribution with nearly equal numbers of males and females in its adult population. Educational attainment varies significantly, with a substantial portion holding at least a high school diploma, while a notable number have attained higher education degrees. The age distribution indicates a youngish population, with the majority falling under 55 years old, though there's a discernible proportion of older residents as well. The... Read more
Political Trends & Data
In Saint Marys County, Maryland, the 2020 U.S. Presidential Election results indicate a potential conservative leaning, with Republicans possibly securing over 55% of votes. Democrats might trail with just over 41%, and third parties like Libertarians and Greens may barely sway the needle at around 2% and less than 1%, respectively. This trend could reflect localized political dynamics but should be evaluated alongside statewide patterns and specific regional... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Saint Marys County, Maryland, the 2020 U.S. Presidential Election results suggest that the Republican party may hold a significant lead, capturing over 55% of the votes. Democrats possibly follow with just over 41%, while third parties like the Libertarian and Green parties might only garner minimal support, around 2% and less than 1% respectively. Other parties collectively might not exceed 1% of the vote. This could indicate a predominantly conservative leaning in the region, though any analysis should consider broader electoral trends and local issues.
55.38% of voters voted for the Republican party in the 2020 Presidential Election
41.57% of voters voted for the Democrat party in the 2020 Presidential Election
2.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Green party in the 2020 Presidential Election
0.70% of voters voted for the Other party in the 2020 Presidential Election
School Data
In St. Mary's County, Maryland, the student-to-teacher ratio has dropped from about seventeen in 2015 to roughly fifteen recently. Although still a bit higher than the national average of fourteen, this trend suggests potentially smaller class sizes, which might lead to more personalized education. Homebuyers and real estate agents could see this as an indicator of improving educational quality, making the area more appealing. Additionally, appraisers and insurers might find this useful for... Read more
Student-to-teacher ratio in St. Mary'S County, Maryland over the last 10 years
The student-to-teacher ratio in St. Mary's County, Maryland, has shown a downward trend over the last decade, moving from a high of around seventeen in 2015 to roughly fifteen in recent years. While still slightly above the current national average of fourteen, the decreasing ratio indicates potentially smaller class sizes, which, in theory, could lead to more individualized attention for students. For prospective investors, homebuyers, and real estate agents, this trend might signify improved educational quality, making the county more attractive. Appraisers and insurance agents could also find this information useful when assessing property values and risks. Understanding these fluctuations helps gauge community priorities and the evolving landscape of local education.
