Saint Michaels, MD—21663
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Saint Michaels, MD
Home Price Trends — Saint Michaels, MD
As of Oct '25, the median home price in Saint Michaels, MD is $723,000, with a year-over-year change of 3.8%. This indicates that home prices in Saint Michaels, MD are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $723,000 | 3.8% |
| Single Family | $758,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $398,000 | -0.5% |
3 Bed | $682,000 | 3.5% |
4 Bed | $1,143,000 | 4.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Saint Michaels, MD
As of July '25, Rentcast reports the average rent in Saint Michaels, MD is $2,520, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Saint Michaels, MD is 2-bedrooms: $2,310, 3-bedrooms: $2,680, 4-bedrooms: $2,800. The most common rental property sizes in Saint Michaels, MD are 1-bedroom and 2-bedroom, accounting for 38.2% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,300 | $2,310 |
| 3 Bed Rent | $1,950 | $2,680 |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Saint Michaels, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Saint Michaels, MD is 38. This is a decrease of -42.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $799,000 | -10.0% |
Listing Count | 35 | 10.0% |
| Listings as % of Homes | 0.7% | 10.0% |
Days on Market | 38 | -42.0% |
Demographics — Saint Michaels, MD
As of the latest ACS Survey released in 2023, Saint Michaels, MD has a population of 3,740, which has increased by 11.6% over the past 5 years. Saint Michaels, MD is a moderately popular place for families, as children make up 17.7% of the population. The area has a highly educated workforce, with 49.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,740 | 11.6% |
% Under 18 | 17.7% | 58.0% |
% Seniors | 33.9% | -22.1% |
% WFH | 11.7% | 20.6% |
% w/ College Degree | 49.5% | -5.7% |
As of the latest ACS Survey released in 2023, Saint Michaels, MD is a predominantly white area, with 74.6% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Saint Michaels, MD is hispanic, making up 10.6% of the population. Foreign-born residents account for 13.9% of the population in Saint Michaels, MD, and this percentage has increased by 202.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.6% | -9.7% |
% Black | 10.2% | 1.0% |
% Hispanic | 10.6% | 381.8% |
% Asian | 0.4% | -71.4% |
% Foreign Born | 13.9% | 202.2% |
Mortgage and Risk — Saint Michaels, MD
According to HUD data as of 2023, there were 78 mortgage originations in Saint Michaels, MD, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Saint Michaels, MD. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 78 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 26.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Saint Michaels, MD
Saint Michaels, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 175 |
Total Units Section 8 | 175 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,110 |
| 2 Bedroom | -$1,050 | $2,300 | $1,250 |
| 3 Bedroom | -$190 | $1,950 | $1,760 |
| 4 Bedroom | -$690 | $2,800 | $2,110 |
Affordability — Saint Michaels, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $723,000 |
| Median Household Income | $81,900 |