65 / 100

Charles County, MD

RANK #348 / 1001 NAT  ·  #3 / 18 MD  ·  POP 170,527

1YR FORECAST: -0.1%

5YR OUTLOOK: +31%

#36 Most Overvalued
Our model projects above-average housing market growth for Charles County at -0.1% over the next year.

[01] Why Charles County?

Charles County, Maryland, is known for its blend of suburban and rural environments, situated about 30 miles south of Washington, D.C.. A notable feature is the Historic Port Tobacco Village, once a significant seaport, offering a glimpse into the region's past with its reconstructed 1819 courthouse and historic homes. The county boasts over 300 miles of Potomac River shoreline, providing opportunities for water-based recreation like fishing, kayaking, and birdwatching. Parks such as Smallwood State Park and Gilbert Run Park offer hiking trails, picnic areas, and paddleboat rentals, while the Indian Head Rail Trail provides a 13-mile paved path through natural areas.

Life in Charles County attracts families and professionals seeking a balance between a relaxed lifestyle and access to major cities. Commuting to Washington, D.C., Northern Virginia, or Andrews Air Force Base is common, with main highways like Route 301 and Route 5, and commuter bus options available. Charles County Public Schools serve the majority of students, with 39 schools and educational centers, including seven high schools. The economy is diversifying, with growth in sectors such as defense, energetics technology, federal contracting, logistics and distribution, and healthcare. The Naval Surface Warfare Center Indian Head is a significant employer and a hub for energetics technology.

MARKET PROFILE

Idiosyncratic Markets

Charles County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices -0.9% YoY, population +1.1%, wages +2.2%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
27.2x

Overvalued relative to economy

Home Prices
-0.9%

Prices declining

Climate & Terrain
0.6

Moderate climate & terrain

Price/Rent
15x

Below national median (15x)

Housing looks overvalued at 27.2x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Genesis HealthCare Healthcare
    250+
  2. 2
    Bloomin' Brands Hospitality
  3. 3
    CCNRC Family of Care Healthcare
  4. 4
    Darden Restaurants Hospitality
  5. 5
    Macy's Retail
  6. 6
    Applebee's International Hospitality
    100+
  7. 7
    Naval Surface Warfare Center Indian Head (NSWC Indian Head) Military
  8. 8
    Charles County Public Schools Education
  9. 9
    Charles County Government Government
  10. 10
    College of Southern Maryland Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Charles County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
170,527
+1.08% YoY
Median Household Income
$122,816
Median Home Value
$428,500
-0.87% 12mo
Median Rent
$1,920
Average Annual Pay
$61,768
+2.2% YoY
Employment
43,537
+1.0% YoY
Income-to-Home-Value
0.2866
More affordable than average
Migration Inflow
3.78%
of pop. from another state
Bachelor's Degree+
33.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$435,000
Days on Market
49
Moderate pace
Months of Supply
3.5
Balanced market
Sale-to-List Ratio
100.2%
Homes selling above asking
Sold Above List
34.9%
Listings w/ Price Drops
27.1%
Building Permits (2025)
935
Single-Family Permits
935

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
8.1
per 100K · nat avg 6.3
Firearm Fatalities
14.1
per 100K · nat avg 14.8
Injury Deaths
80.8
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
40.3
Good
Good Air Days
88%
639 of 730 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
38
2022
41
2023
42
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$3,750M
TOTAL
PROJECT AMOUNT STATUS
Naval Surface Warfare Center Indian Head Division (NSWC IHD) Infrastructure Updates
U.S. Navy
$2,000M Planned
Morgantown 230 kV Battery Storage
Undisclosed
$1,122M Planned
Waldorf Station Mixed-Use Development
Greenberg Gibbons
$500M Under Construction
Berry Pointe Commercial Development
St. John's Properties
$100M Under Construction
Ripley Solar Farm
MN8 Energy LLC
$28M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

Population Growth +1.1% 68 percentile
Income Growth +1.8% 28 percentile
Vacancy Rate 0.7% 77 percentile
Home Price Change -0.9% 19 percentile
Rent Growth +6.3% 88 percentile
Price/Rent 15x 56 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

Is Charles County, MD a good place to move to?

With a Boom Town Index score of 65/100, Charles County sits in the upper half of all 1001 ranked counties. Employment is expanding at +1.0%, and median household income stands at $122,816 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in MD.

Is Charles County affordable?

Housing in Charles County is roughly in line with national affordability norms. The median home costs $428,500 and the income-to-home-value ratio sits at 0.29, with rents averaging $1,920/month. Not a bargain, but not a stretch for most local earners either.

Is Charles County growing or shrinking?

Charles County's population is growing — up +1.1% YoY — while the job market is roughly flat (employment change of +1.0%). Home values shifted -0.9% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Charles County?

There's a moderate stream of newcomers. About 3.78% of residents moved from another state, which is above average and suggests Charles County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Wicomico County, MD 71 Worcester County, MD 52 Washington County, MD 51 Carroll County, MD 40 Harford County, MD 40 Queen Anne's County, MD 37 Pitt County, NC 65 St. Louis County, MN 65