St. Michaels is a small city in Maryland with a median income of $43,534 per household. Besides being much less affluent than average, its population is much younger than others with a median age of 50 years. The St. Michaels market is mostly made up of detached houses, which currently account for 69% of the homes for sale in the area. The top school in the city is St. Michaels Middle/High School.
Some of the more expensive homes in Maryland are in St. Michaels with a median home value of $342,200 and an average list price for available homes currently at $424,768. A six-week rough patch for the overall sales trend continues in the St. Michaels market. Also, the actual number of sales dropped 25.0% over the last 30 days to three.
Out of all the listings in St. Michaels, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.
A three-bedroom detached home valued around $489,883 is considered a typical dwelling in St. Michaels. If a buyer was looking for a similar home, they would need good credit and a $97,977 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,956 and the property tax rate is $6.20 per $1,000 of taxable assessed value.