Maryland - Real Estate
Move to Maryland
With its 5.6 million residents, the state of Maryland is at the center of cultural, educational and recreational activities on the Atlantic coast. It has economic vitality, gorgeous scenery, is close to Washington, D.C., and has a strong sense of community, making Maryland a highly sought out relocation destination.
With all of its opportunities and conveniences, Maryland is home to some of the wealthiest property values in the country. Communities throughout Maryland offer a broad range of amenities and lifestyles depending on your needs and budget. In Baltimore, living costs are somewhat above the national average, but less than those in urban areas in the northeast and west. Living costs on Maryland's Eastern Shore and in Western Maryland are generally near the national average, and also compare favorably with other smaller metropolitan and non-metropolitan areas in the Northeast and Midwest United States. Maryland median home prices statewide are near $300,000 for single family homes. Homes in suburban Maryland counties, such as Montgomery, Prince Georges, Howard, Anne Arundel, Frederick, Charles and Calvert counties have an overall median sales price of $337,000. Condominiums are a popular budget-saver in the state with a more affordable median home price of $210,000.
A vibrant economy and growing job market tend to be the balancing factors to residents facing a higher cost of living in Maryland. The states job growth consistently outpaces the nation. Biotechnology, software development and applications, and defense and security-related businesses maintain a strong presence, and compared to the rest of the nation, Maryland ranks first in the percentage of professional and technical workers. Its highly accredited 58 educational institutions provide virtually every kind of training and research required by business and industry. It is also tied with Massachusetts as the top state for educational attainment as nearly 40% of the states population age 25 and above hold a bachelor's degree or higher.
Most of the population of Maryland lives in the central region of the state, in the Baltimore-Washington Metropolitan Area. The Eastern Shore is less populated and more rural, as are the counties of western and southern Maryland. Cities such as Bethesda, an affluent suburb of our nation's capital, charming Owing Mills and historic and riverfront Edgewater, are among the most popular Maryland cities for new residents. Maryland real estate includes everything from urban town homes, waterfront estates, planned suburban communities, small historic towns, or country retreats.
Maryland has a remarkably varied climate depending on the region of the state one resides. Overall, July is the warmest month, with highs reaching into the 80s and 90s. January is the coldest time of the year, with average lows in the 20s. There's plenty of rain throughout the year, and there tends to be snow in the winter months; average snowfall a year is about 20 inches.
At less than 10,000 square miles, Marylands diverse cultural attractions in its large cities and the charms of the countryside offer residents plenty to see and do. Sail down the Chesapeake Bay, relax on the sunny beaches of Ocean City, take a driving tour through the countryside, take a stroll along Baltimore's Inner harbor, or explore the historical and cultural attractions of nearby Washington, D.C.
To learn more about specific communities in Maryland, request a Free Relocation Packet prepared by a HomeRoute Preferred - local community expert. This exclusive guide will be customized to your specific home search and help you prepare for your upcoming move to Maryland.
Information provided courtesy of HomeRoute.