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Maryland

  • Maryland is currently ranked in the top 10 richest states in the U.S. and has the highest median income in the country. With the population over 6 million and an unemployment rate well below the national average this greatly drives the state’s economy. 
  • Maryland’s biotechnology, aerospace, IT, cyber-security and other high-tech industries make it one of the leaders in the knowledge and IT based “new economy”. Maryland is within commuting distance to Washington D.C. Since the state’s median home value is lower than D.C., it’s more affordable to live in and commute into the district. This accessibility helps keep property prices more stable . 
  • 14.6% of Maryland’s homeowners are presently behind on their mortgages, which is significantly higher than the national average. When looking to purchase homes below fair market value, Maryland is ripe for the picking. As these displaced homeowners will still need housing options, the rental market is projected to remain stable for the next several years.
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