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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 Type1.20%
One Bedroom11.70%
Two Bedrooms34.20%
Three Bedrooms39.90%
Four Bedrooms10%
Five Bedrooms or more3%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.25
Median year structure was built1951
Median Value of occupied units$154,900
Median Price asked for vacant units$106,300

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1973
Median Monthly Rent asked for vacant units$617

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.80%
Home Equity Loan10.50%
Simple Mortgage40%
Debt Free44.80%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.5%