The story of this market
The typical home in ZIP 21638 sells for about $615,000, or $315 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $1,692 a month.
ZIP 21638 — Grasonville
The 21638 housing market remains stable with a median listing price of $615,000, supported by strong demand for waterfront and lifestyle-oriented properties. While inventory is limited, the market is seeing steady activity, driven by its appeal to commuters and those seeking a high quality of life near the Chesapeake Bay.
This ZIP is ideal for families and professionals seeking a waterfront lifestyle, commuters working in the Annapolis area, and retirees attracted to the Chesapeake Bay's recreational amenities.
Median prices moved up 2.5% year over year.
Homes spend a median of 46 days on market with 3.8 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.4% · poverty 8.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 21638, Queen Anne's County, MD
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Grasonville are generally low, consistent with the broader rural and suburban character of Queen Anne's County, which typically reports lower crime indices than the Baltimore-Washington metropolitan average.
Schools serving the 21638 area are part of the Queen Anne's County Public Schools system, which is generally regarded as providing stable, quality educational outcomes for the region.
The area is subject to coastal flood risks due to its proximity to the Chesapeake Bay and Kent Narrows, necessitating adherence to FEMA flood zone regulations and specialized property insurance coverage.
Economic momentum is driven by the tourism, maritime, and hospitality sectors centered around Kent Narrows, with ongoing interest in residential development and waterfront lifestyle amenities.
Property taxes are assessed by Queen Anne's County, which utilizes a standard real property tax rate applied to the assessed value; special tax districts may apply to specific waterfront or community developments.
Commuting primarily involves travel via US Route 50, serving as the main artery for residents traveling toward the Annapolis and Baltimore-Washington employment corridors.
The area features extensive waterfront access, marinas, and seafood dining in Kent Narrows, alongside local parks and proximity to Chesapeake Bay recreational activities.
The rental market is characterized by high demand for seasonal and long-term waterfront properties, with limited vacancy pressure and a notable presence of short-term vacation rentals.
The local economy is anchored by the maritime industry, tourism, and hospitality, with significant employment provided by local marinas, restaurants, and regional service providers.
Transportation is heavily reliant on the US Route 50 corridor, which provides the primary connection to the Western Shore and major employment centers.
Development is focused on maintaining the waterfront character while managing residential growth and infrastructure improvements near the Kent Narrows bridge.
The Queen Anne's County Department of Assessments and Taxation manages property valuations, typically reassessing properties on a three-year cycle.
Parcels may be subject to specific water and sewer utility district fees and local fire/rescue tax levies.
Property insurance premiums are influenced by flood zone designations and proximity to the Chesapeake Bay, with higher costs common for waterfront properties.
Data retrieved from data.census.gov for ZCTA 21638.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major hub for marinas, seafood restaurants, and recreational boating.
Features trails and beach access with views of the Chesapeake Bay Bridge.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.