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Annapolis Neck

Learn about the people, housing, costs and businesses in Annapolis Neck, Maryland

Median Home$670,194
Median Rent$2,039/month
Population11,055
Leading IndustriesArts, Food & Hospitality · Healthcare · Education18% arts, food & hospitality
Home Value Growth⬆⬆+16.1% over 2 years
Retirees24% of residentsslightly above average
Homeowners82% of occupied units
NotableHigh Incomes$152k/year · top 4% nationally
NotableHighly Educated31% bachelor's · 24% graduate · top 7% nationally
Annapolis Neck
MD

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Frequently Asked Questions

What are today's mortgage rates in Annapolis Neck?

As of today, the 30-year fixed mortgage rate for Annapolis Neck is approximately 6.822% (6.855% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Annapolis Neck?

The median home value in Annapolis Neck is $670k. The median monthly rent is $2,039. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Annapolis Neck?

Home values in Annapolis Neck have increased 16.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Annapolis Neck?

Based on a typical all-in ownership cost of $2,570/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $110k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Annapolis Neck is $152k/year.

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What industries drive the economy in Annapolis Neck?

The largest employment sectors in Annapolis Neck are public administration (23%) and healthcare (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.