St. Michaels, MD Real Estate
According to census data in the year 2000 there were 667 housing units in St. Michaels.
This represents a 3.9% decline from 694 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 667 were located in what is classified as a rural area.
Homeownership rate in St. Michaels is about 65.9%.
St. Michaels's vacancy rate, including seasonal lodging, is about 18.7%.
Average household size is 2.17 people.
The majority of houses, apartments or condos in St. Michaels were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 11.70% |
| Two Bedrooms | 34.20% |
| Three Bedrooms | 39.90% |
| Four Bedrooms | 10% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.25 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $154,900 |
| Median Price asked for vacant units | $106,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $617 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 10.50% |
| Simple Mortgage | 40% |
| Debt Free | 44.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.5% |
