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Charles County, MD

RANK #445 / 996  ·  POP 167,035  ·  MD

PROJECTED GROWTH: +0.9%

Charles County sits in the middle of the pack — stable but not accelerating.

[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.

[02] Market Snapshot

Housing Ratio
9.6x

Overvalued relative to economy

GDP Growth
+5.7%

Well above national median

Home Prices
-0.5%

Prices declining

Climate & Terrain
0.6

Moderate climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks overvalued at 9.6x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Charles County U.S. National

The Numbers

DEMOGRAPHICS
Population
167,035
+1.11% YoY
Median Household Income
$116,882
Median Home Value
$382,800
-0.54% 12mo
Median Rent
$1,839
Average Annual Pay
$60,436
+2.4% YoY
Employment
43,087
+4.1% YoY
Income-to-Home-Value
0.3053
More affordable than average
Migration Inflow
3.99%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$438,995
Days on Market
83
Slower market
Months of Supply
3.2
Balanced market
Sale-to-List Ratio
99.8%
Near asking price
Sold Above List
31.4%
Listings w/ Price Drops
16.3%
Building Permits (2024)
1,542
Single-Family Permits
1,026

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

[05] 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.

[06] Score Breakdown

GDP Growth +5.7% 89 percentile
Population Growth +1.1% 75 percentile
Income Growth +8.4% 48 percentile
Vacancy Rate 0.7% 84 percentile
Home Price Change -0.5% 25 percentile
Rent Growth +1.5% 27 percentile
Price/Rent 14x 49 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Charles County has a Boom Town Index score of 55/100, ranking #445 among 996 U.S. counties. With job growth at +4.1% and a median household income of $116,882, it's an above-average county on economic indicators.

Is Charles County affordable?

The median home value in Charles County is $382,800 with median rent at $1,839/month. The income-to-home-value ratio is 0.3053, which is more affordable than the national average.

Is Charles County growing or shrinking?

Population growth: +1.1% year-over-year. Job growth: +4.1%. Home values changed -0.5% in the past 12 months.

Are people moving to Charles County?

Yes — 3.99% of Charles County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Monroe County, PA 65 Kent County, RI 65 Laurel County, KY 65 Oktibbeha County, MS 65 Boone County, MO 65 Beaver County, PA 65 Craighead County, AR 65 Catoosa County, GA 65