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These days, finding an affordable place to live in the St. Michaels area can be challenging. Home prices in St. Michaels are now at a median cost of $688,254, higher than the Maryland average of $450,578.
The average cost of rent is $1,104/mo in St. Michaels, primarily driven by the current value of real estate in the St. Michaels area. In St. Michaels, 22.02% of households rent, and 44.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in St. Michaels is $7,862 per month. Households that rent pay about 14.05% of their income on rent here. St. Michaels’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bozman, MD: less expensive homes
- Mcdaniel, MD: less expensive homes
- Kirkham, MD: equally priced homes
- Wittman, MD: less expensive homes
- Claiborne, MD: less expensive homes
- Neavitt, MD: less expensive homes
- Unionville, MD: less expensive homes
- Sherwood, MD: less expensive homes
- Longwoods, MD: less expensive homes
- Oxford, MD: higher priced homes
Cities with Similar Populations
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- Waterloo, IN: less expensive homes
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- Ronks, PA: less expensive homes
- Mattapoisett Center, MA: equally priced homes
- Limerick, ME: less expensive homes
- Holton, MI: less expensive homes
- Decatur, AR: less expensive homes
- Cumberland Gap, TN: less expensive homes
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