St. Michaels: Housing & Real Estate
Homes in St. Michaels carry a median value of $565,600 (estimated market value runs 16% higher at $658,002), with median rent $917 (1.3× below Talbot County median $1,204; 1.8× below Maryland median $1,612). Homeownership rate: 75.6%. That's 1.5× higher than the Talbot County median ($382,000); 1.4× higher than the Maryland median ($392,037). Market is warm. Vacancy rate 23.3%. New construction makes up 15.9% of stock. A municipal building code is in effect.
- 7.2× annual income — home value vs. household income (vs Maryland 3.8×).
- 51.4 years to break even renting at the median (vs Maryland 20y).
- 4-BR rent is 2.0× a studio — rent gradient by unit size.
- Median rent 34% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $565,600 — 1.4× the Maryland median ($392,037). Median rent $917/month. homeownership rate 75.6% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 7.2× |
|---|---|
| Affordability · Home Affordability | very expensive |
| Affordability · Rent Pct Income | 14.5% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 33.3% |
| Affordability · Poverty Rate | 5.8% |
| Affordability · Property Tax Pct Income | 4.8% |
| Fair Market Rent · Studio rent | $1,201 |
| Fair Market Rent · One-bedroom rent | $1,282 |
| Fair Market Rent · Two-bedroom rent | $1,409 |
| Fair Market Rent · Three-bedroom rent | $1,960 |
| Fair Market Rent · Four-bedroom rent | $2,364 |
| Fair Market Rent · HUD FMR area | Talbot County, MD |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $658,002 |
| Median Home Value | $565,600 (vs Maryland $392,037) |
| Median Rent | $917 (vs Maryland $1,612) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 23.3% |
| Housing Market · New construction (% of stock) | 15.9% |
| Housing Market · Price Appreciation 2Yr | 6.7% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 53.6% |
| Broadband · Broadband-capable premises | 1,063 |
| Electricity · Electricity rate (¢/kWh) | 17.86¢/kWh |
| Electricity · Customers | 2,451,753 |
| Electricity · Revenue Millions | $4,880 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 100% |
| Mobile Broadband · 5G mobile coverage | 100% |
| Mobile Home Parks Detail · County total | 1 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Charging & Mobility
| Ev Charging · Stations | 3 |
|---|---|
| Ev Charging · Public Stations | 3 |
| Ev Charging · L2 Ports | 5 |
Sources: DOE AFDC API
Other
| Homeownership Rate | 75.6% |
|---|---|
| Median Year Built | 1974 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12