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Anne Arundel County, MD

RANK #576 / 996  ·  POP 588,109  ·  MD

PROJECTED GROWTH: +0.5%

Anne Arundel County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Anne Arundel County?

Annapolis, the state capital and county seat, stands out in Anne Arundel County, known as "America's Sailing Capital" and home to the United States Naval Academy. Located in central Maryland, the county is situated between Baltimore and Washington, D.C., offering residents access to both major cities. Commutes average around 30 minutes, with options including MTA bus and light rail services, as well as regional bus lines. With over 500 miles of shoreline along the Chesapeake Bay and its tributaries, the county provides extensive outdoor recreation, including boating, fishing, and numerous parks like Quiet Waters Park and Sandy Point State Park.

Life in the county balances suburban living with access to city amenities. Anne Arundel County Public Schools is the fourth largest school system in Maryland, with 126 schools. The economy is driven by diverse sectors, including the defense industry centered around Fort Meade, which houses U.S. Cyber Command and the NSA. Baltimore/Washington International Thurgood Marshall Airport (BWI) is also a significant employer and economic contributor. Recent economic developments include new warehouse construction along the I-95 corridor and expansion in the manufacturing sector.

[02] Market Snapshot

Housing Ratio
4.6x

Below national median (4.7x)

GDP Growth
+4.2%

Well above national median

Home Prices
+0.6%

Well below national median

Climate & Terrain
0.7

Moderate climate & terrain

Price/Rent
16x

Above national median (13x)

Housing is fairly valued at 4.6x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Anne Arundel County U.S. National

The Numbers

DEMOGRAPHICS
Population
588,109
+0.69% YoY
Median Household Income
$116,009
Median Home Value
$432,000
+0.6% 12mo
Median Rent
$1,908
Average Annual Pay
$79,546
+6.0% YoY
Employment
288,447
+3.9% YoY
Income-to-Home-Value
0.2685
More affordable than average
Migration Inflow
3.33%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$490,000
Days on Market
42
Moderate pace
Months of Supply
2.2
Seller's market
Sale-to-List Ratio
99.7%
Near asking price
Sold Above List
34.6%
Listings w/ Price Drops
20.5%
Building Permits (2024)
1,304
Single-Family Permits
1,005

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

[05] Capital Investment

$250M
TOTAL
PROJECT AMOUNT STATUS
Brandon Shores and H.A. Wagner Generating Stations continued operation
Talen Energy
$50M Operating
BGE Gas Transmission MAOP Reconfirmation Program (W. Benfield Project)
BGE
$50M Under Construction
Pandora Distribution Center
Pandora
$50M Completed
Battery Energy Storage Systems (Multiple Projects)
Various (e.g., BGE, Baltimore Gas & Electric Co.)
$50M Operating/Proposed
Community Solar Portfolio (multiple projects)
Various
$50M Operating/Proposed

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

[06] Score Breakdown

GDP Growth +4.2% 76 percentile
Population Growth +0.7% 61 percentile
Income Growth +7.4% 24 percentile
Vacancy Rate 1.0% 56 percentile
Home Price Change +0.6% 39 percentile
Rent Growth +2.4% 40 percentile
Price/Rent 16x 24 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Anne Arundel County, MD a good place to move to?

Anne Arundel County has a Boom Town Index score of 42/100, ranking #576 among 996 U.S. counties. With job growth at +3.9% and a median household income of $116,009, it faces some economic headwinds compared to faster-growing counties.

Is Anne Arundel County affordable?

The median home value in Anne Arundel County is $432,000 with median rent at $1,908/month. The income-to-home-value ratio is 0.2685, which is more affordable than the national average.

Is Anne Arundel County growing or shrinking?

Population growth: +0.7% year-over-year. Job growth: +3.9%. Home values changed +0.6% in the past 12 months.

Are people moving to Anne Arundel County?

Yes — 3.33% of Anne Arundel County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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