Similar to nearby areas, it's a lot more expensive compared to the rest of the country. However compared to the city of Washington, it's a lot less expensive.
Home prices
The median home cost in St. Michaels is $371,900. Compared to its surrounding areas it is approximately $12,640 (3%) lower.In comparison to the nation as a whole it is about $154,400 (70%) higher, and in comparison to the city of Washington it is approximately $229,600 (38%) lower.
Rents
St. Michaels's median rent is $902 per month. Compared to nearby areas this is about $560 (38%) lower.It is about $160 (15%) lower compared to the rest of the nation, and in comparison to the city of Washington is about $639 (41%) lower.
Nearby places
Easton
Easton is roughly 7 miles east of St. Michaels. Real estate prices there are substantially less expensive. The median home in Easton costs $276,900, which is $95,000 (34%) lower than St. Michaels. Rents there are somewhat more expensive. The median monthly rent in Easton is $1,096, which is $194 (17%) higher than St. Michaels.
Oxford
Oxford is roughly 7 miles south from St. Michaels. Real estate prices there are significantly more expensive. Oxford's median home cost is $637,800, which works out to $265,900 (41%) higher than St. Michaels. Rents there are significantly more expensive. In Oxford the median rent is $1,371 per month, which works out to $469 (34%) higher than St. Michaels.
Grasonville
Grasonville is about 11 miles north from St. Michaels. Its real estate prices are somewhat less expensive. The cost of the median home in Grasonville is $305,000, which comes out to $66,900 (21%) lower than St. Michaels. The rent there is substantially more expensive. In Grasonville the median rent is $1,612 per month, which works out to $710 (44%) higher than St. Michaels.
Trappe
Trappe is about 11 miles southeast of St. Michaels. The real estate prices there are significantly less expensive. Trappe's median home value is $218,800, which comes out to $153,100 (69%) lower than St. Michaels. The rent there is a little more expensive. Trappe's median monthly rent is $1,113, which comes out to $211 (18%) higher than St. Michaels.
Kent Narrows
Kent Narrows is roughly 12 miles north from St. Michaels. Real estate prices there are somewhat more expensive. The median home value in Kent Narrows is $484,200, which comes out to $112,300 (23%) higher than St. Michaels. Its rents are significantly more expensive. In Kent Narrows the median rent is $2,118 a month, which works out to $1,216 (57%) higher than St. Michaels.
