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St. Mary's County, MD

RANK #635 / 996  ·  POP 113,814  ·  MD

PROJECTED GROWTH: +0.3%

St. Mary's County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why St. Mary's County?

Maryland's first county, St. Mary's County, holds the distinction of being the birthplace of religious freedom in North America, established by English Catholics in 1634. Leonardtown, the county seat and only incorporated town, offers waterfront access and an Arts and Entertainment District. Located in Southern Maryland, the county is a peninsula bordered by the Chesapeake Bay, the Patuxent River, and the Potomac River, providing over 500 miles of shoreline. This geography lends itself to extensive outdoor recreation, including fishing, kayaking, and exploring numerous state parks like Point Lookout State Park and Greenwell State Park. Commute options include local transit services and Maryland Transit Administration commuter bus routes to Washington, D.C.

Life in St. Mary's County blends a traditional, water-oriented lifestyle with a growing technology sector. The community is often described as close-knit, particularly for families. St. Mary's County Public Schools serve over 17,000 students across 32 schools, including high schools, middle schools, elementary schools, and a vocational technical school. The local economy is significantly influenced by the Naval Air Station Patuxent River, a major employer, and a concentration of aerospace and defense contractors. This has fostered growth in aviation, advanced manufacturing, and autonomous systems industries. Educational institutions like St. Mary's College of Maryland and the College of Southern Maryland also contribute to the area's economic and community landscape.

[02] Market Snapshot

Housing Ratio
5.1x

Above national median (4.7x)

GDP Growth
+2.8%

Above national median

Home Prices
+2.4%

Outpacing national median

Climate & Terrain
0.5

Moderate climate & terrain

Price/Rent
17x

Above national median (13x)

Housing is fairly valued at 5.1x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

St. Mary's County U.S. National

The Numbers

DEMOGRAPHICS
Population
113,814
+0.53% YoY
Median Household Income
$113,668
Median Home Value
$376,900
+2.43% 12mo
Median Rent
$1,595
Average Annual Pay
$85,381
+4.0% YoY
Employment
49,113
+3.2% YoY
Income-to-Home-Value
0.3016
More affordable than average
Migration Inflow
3.2%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$450,000
Days on Market
64
Slower market
Months of Supply
2.5
Seller's market
Sale-to-List Ratio
99.1%
Near asking price
Sold Above List
29.4%
Listings w/ Price Drops
13.3%
Building Permits (2024)
265
Single-Family Permits
265

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

[05] Capital Investment

$237M
TOTAL
PROJECT AMOUNT STATUS
Southern Maryland Autonomous Research and Technology (SMART) Building
University Systems of Maryland at Southern Maryland
$87M Operating
The Meadows Townhouse Community
Turner Development and Map Properties
$50M Planned
County Capital Improvement Program (Schools, Roads, Public Facilities)
St. Mary's County Government
$50M Planned/Under Construction
Broadband Infrastructure Expansion
Various (Breezeline, Comcast, ThinkBig, Verizon FIOS)
$50M Under Construction/Planned

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

[06] Score Breakdown

GDP Growth +2.8% 52 percentile
Population Growth +0.5% 54 percentile
Income Growth +10.5% 86 percentile
Vacancy Rate 1.4% 25 percentile
Home Price Change +2.4% 64 percentile
Rent Growth +2.2% 37 percentile
Price/Rent 17x 18 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is St. Mary's County, MD a good place to move to?

St. Mary's County has a Boom Town Index score of 36/100, ranking #635 among 996 U.S. counties. With job growth at +3.2% and a median household income of $113,668, it faces some economic headwinds compared to faster-growing counties.

Is St. Mary's County affordable?

The median home value in St. Mary's County is $376,900 with median rent at $1,595/month. The income-to-home-value ratio is 0.3016, which is more affordable than the national average.

Is St. Mary's County growing or shrinking?

Population growth: +0.5% year-over-year. Job growth: +3.2%. Home values changed +2.4% in the past 12 months.

Are people moving to St. Mary's County?

Yes — 3.2% of St. Mary's County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Mercer County, PA 46 Effingham County, GA 46 Guilford County, NC 46 Carteret County, NC 46 Catawba County, NC 46 Hudson County, NJ 46 Chesterfield County, VA 46 Shelby County, AL 46