Maryland is the forty-second largest state by area, with a population of 6,042,718 (U.S. Census Bureau, July 1, 2019). Throughout history, there have been important milestones that helped shape Maryland. In 1633, Lord Baltimore founded Maryland's colonial settlement, which was part of the original thirteen English colonies. During the Revolutionary War, the battle over Fort McHenry in the Chesapeake Bay inspired Francis Scott Key to write The Star-Spangled Banner, recognized today as the National Anthem of the United States. Before the Civil War, Maryland's northern boundary was defined by the Mason-Dixon line, which became a symbol of division between the north and south.
Today, Maryland's economy has a GDP of $417 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by these top industries: aerospace and defense, fishing industry, life sciences, manufacturing, and cybersecurity. Many of the leading Fortune 500 companies have their headquarters in Maryland, including Lockheed Martin, Marriott International, and Discovery, to name a few.
The most recognized cities in Maryland are Baltimore, Frederick, and Annapolis.
Baltimore is located in the central part of Maryland and has a population of 619,796. Baltimore is home to the National Aquarium, Inner Harbor, and Fort McHenry National Monument and Historic Shrine. Over the last ten years, Baltimore's housing market has appreciated by 0.43% annually. When compared to the rest of the nation, Baltimore's housing prices are more affordable, with the median home price of $153,200 and a median rent of $1,009.
Frederick is near western Maryland and has a population of 69,330. Frederick is home to Monocacy National Battlefield, Gambrill State Park, and the National Museum of Civil War Medicine. Over the last ten years, Frederick's housing market has appreciated by 1.62% annually. When compared to the rest of the country, Frederick's housing prices are significantly higher, with the median home price of $255,100 and a median rent of $1,285.
Annapolis is the capital of Maryland and has a population of 39,151. Annapolis is home to the Maryland State House, William Paca House & Garden, and Annapolis Maritime Museum. Over the last ten years, Annapolis' housing market has appreciated by 1.20% annually. When compared to the rest of the nation, Annapolis' housing prices are costly, with the median home price of $395,900 and a median rent of $1,521.
|Single Family Homes for sale in Maryland|
|Average List Price||$559,383|
|Average Price Per Square Feet||$525|
|Condos for sale in Maryland|
|Average List Price||$387,938|
|Average Price Per Square Feet||$251|
|Townhomes for sale in Maryland|
|Average List Price||$303,029|
|Average Price Per Square Feet||$170|