Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Queen Anne's County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $274,264 | $285,029 | $242,182 |
| Price Trend (Annual %) | 3.2% | 4.8% | 8.2% |
| Median Gross Rent | $1,611 | $1,661 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Queen Anne's County is about 4% lower than in Maryland. Rent is about 3% lower than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Queen Anne's County, up about 3.2% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Queen Anne's County rose about 36.8% between 2015 and 2023, from $1,177 to $1,611. Over the same span, rent in Maryland rose about 35.2%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Queen Anne's County.
Buying the median-priced home in Queen Anne's County costs roughly 14.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Queen Anne's County. The price-to-rent ratio in Maryland is about 14.3.
| Metric | Queen Anne's County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $274,264 | $285,029 | $242,182 |
| Median Household Income | $112,489 | $101,971 | $78,145 |
| Price-to-Income Ratio | 2.4 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Queen Anne's County rose about 6.1%, while median household income rose about 43.2% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Queen Anne's County | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.6% | 62.0% | 58.2% |
| Rental Rate | 16.9% | 29.9% | 31.3% |
| Vacancy Rate | 9.5% | 8.1% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Queen Anne's County has a homeownership rate of 73.6%, higher than the Maryland average of 62.0%. Its housing vacancy rate is 9.5%, compared with 8.1% in Maryland.
Housing Stock
| Metric | Queen Anne's County | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.58 people | 2.54 people |
| Median Structure Built Year | 1988 | 1977 | 1978 |
| Median Number of Rooms | 6.7 | 6.2 | 5.5 |
The typical housing unit in Queen Anne's County was built around 1988. On average, 2.6 people live in a home with about 6.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Queen Anne's County, Maryland.
What is the median home price in Queen Anne's County, Maryland?
The median home price in Queen Anne's County, Maryland is $274,264, lower than the Maryland average of $285,029.
What is the average home price in Queen Anne's County, Maryland?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Queen Anne's County, Maryland?
The median gross rent in Queen Anne's County, Maryland is $1,611 per month, lower than the Maryland average of $1,661.
What was the median gross rent in Queen Anne's County in 2020?
In 2020, the median gross rent in Queen Anne's County, Maryland was $1,553 per month.
What is the price-to-rent ratio in Queen Anne's County, Maryland?
The price-to-rent ratio in Queen Anne's County, Maryland is about 14.2, meaning it would take roughly 14.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Queen Anne's County.
Are home prices or rent rising faster in Queen Anne's County, Maryland?
Both home prices and rent are rising in Queen Anne's County, up about 3.2% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Queen Anne's County, Maryland?
73.6% of households in Queen Anne's County, Maryland own their home, higher than the Maryland average of 62.0%.
What is the vacancy rate in Queen Anne's County, Maryland?
The housing vacancy rate in Queen Anne's County, Maryland is 9.5%, higher than the Maryland average of 8.1%.