The story of this market
The typical home in ZIP 21670 sells for about $1,188,750, or $450 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,100 a month.
ZIP 21670 — Templeville
The St. Michaels housing market remains stable with high price points driven by limited inventory and strong demand for waterfront properties. While sales volume is low, the market is supported by a consistent influx of affluent buyers seeking lifestyle properties, keeping prices elevated despite broader regional cooling trends.
This ZIP is best suited for retirees, second-home buyers, and those seeking a quiet, historic waterfront lifestyle, rather than daily commuters or families seeking dense suburban amenities.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 65 days on market with 8.0 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 5.8% — 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 11.4%/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 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 21670, Talbot County MD
Crime rates in St. Michaels are generally low, consistent with the character of a small, historic waterfront town in Talbot County.
Schools serving the area are part of the Talbot County Public Schools system, which generally maintains stable performance ratings within the regional context.
The area faces moderate risk from coastal flooding and storm surges due to its low-lying position on the Chesapeake Bay, necessitating standard flood insurance coverage.
Economic momentum is driven primarily by tourism, maritime industries, and the hospitality sector, with limited large-scale industrial development.
Property taxes are levied by Talbot County and the Town of St. Michaels, with rates determined by annual assessments; no special MUD/PID districts are typically attached to residential parcels here.
Commuting from St. Michaels typically involves significant drive times to major employment hubs like Easton or Annapolis, as there is no direct public transit access.
The town offers extensive waterfront access, historic harbor districts, local parks, and proximity to regional golf courses and boutique shopping.
The rental market is heavily influenced by seasonal demand and short-term vacation rentals, leading to limited long-term inventory and high vacancy pressure during off-peak months.
The local economy is anchored by tourism, hospitality, and small-scale maritime services, with many residents employed in professional services in nearby Easton.
Transportation is primarily car-dependent, with limited public transit options connecting the town to the broader Eastern Shore region.
Development is strictly managed by town planning boards to preserve the historic character of the waterfront district.
Talbot County assessments are conducted on a triennial cycle, with properties valued based on market data and physical inspections.
Parcels are subject to standard county and municipal tax districts; no special utility or hospital districts are uniquely applied.
Property insurance premiums are elevated due to the town's coastal location and associated flood risk profiles.
Data aggregated from Census Bureau ZCTA-level tables and local municipal reports.
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.
Historic harbor serving as the town's primary tourist and maritime anchor.
Major regional attraction showcasing the history of the Chesapeake Bay.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.