The story of this market
The typical home in ZIP 21663 sells for about $1,237,500, or $525 per square foot.
Prices are up +2.3% from a year ago, so sellers still have some momentum. Homes take about 61 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,067 a month.
ZIP 21663 — St. Michaels
The St. Michaels housing market is characterized by high-end, luxury-leaning inventory with a median listing price exceeding $1.2 million. Market activity is balanced, with homes selling near asking price, though the high price point and seasonal nature of the area limit the volume of closed sales. The market remains stable, driven by its status as a premier coastal destination.
This area is primarily suited for affluent retirees, second-home buyers, and those seeking a historic coastal lifestyle, rather than traditional commuters or budget-conscious families.
Median prices moved up 2.3% year over year.
Homes spend a median of 61 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 5.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 21663, Talbot 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.
St. Michaels is a coastal town located on the Chesapeake Bay, making it susceptible to tidal flooding and storm surge events.
The local economy is heavily anchored by tourism, maritime services, and hospitality, with limited large-scale industrial development.
Property taxes are levied by Talbot County and the Town of St. Michaels; specific rates and exemptions are determined by the local municipal code and county assessment office.
Commuting from St. Michaels typically involves driving via MD-33 to reach employment hubs in Easton or further toward the Baltimore-Washington corridor.
The area features extensive waterfront access, the Chesapeake Bay Maritime Museum, and various local parks, golf courses, and boutique shopping districts.
The rental market is heavily influenced by seasonal tourism and short-term vacation rentals, leading to limited long-term inventory.
The economy is driven by tourism, hospitality, and maritime-related services, with a significant portion of the local workforce supporting the visitor industry.
Transportation is primarily automobile-dependent, with MD-33 serving as the main artery connecting the town to the regional road network.
Development is strictly managed by the Town of St. Michaels Planning & Zoning Department to preserve the historic character of the community.
Parcels are subject to Talbot County and Town of St. Michaels municipal taxes, with potential special assessments for local utility or infrastructure districts.
Property insurance premiums are elevated due to the town's coastal location and exposure to flood and wind risks.
Data sourced from local real estate portal aggregates and census summaries.
A major cultural anchor showcasing the maritime history of the Chesapeake Bay.
Central hub for boating, dining, and tourism activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.