Land Market Insights and Pricing in Maryland

Maryland captivates with its stunning geographical diversity, from sandy dunes and seagrass on the eastern shore to rolling hills with oak forests in the Piedmont Region. With over 4,000 miles of shoreline along the Chesapeake Bay estuary and its tributaries, 16 of Maryland's 23 counties border tidal waters, offering abundant opportunities for waterfront living and recreation. The state's progressive income tax structure, ranging from 2% to 5.75%, provides a balanced approach for residents, while its 1.00% effective property tax rate positions it competitively among neighboring states. Prince George's County stands out for homebuyers, boasting median worker earnings of $50,794 and a strong 70% labor force participation rate. The county's gently rolling hills and valleys create picturesque settings for residential properties, with a median household price of $404,300, below the national average. For those seeking agricultural opportunities, Maryland's corn and soybean production is substantial, with over 440,000 acres planted for corn and 495,000 acres for soybeans, generating a combined value exceeding $448 million. The state's robust poultry industry, producing 311 million broiler chickens annually, further enhances its economic prospects in the agricultural sector.