Annapolis is a great place for investing in real estate. It has a rich history, lively maritime culture, and is in demand for its urban and waterfront areas. Being close to the Chesapeake Bay means it has lots of neighborhoods that are known for their strong maritime roots, history, and community feel. You can find places like Eastport, which is known for its maritime charm, to Admiral Heights with its comfortable suburban vibe. Each area offers something special, including good rental markets and growing property values.
The current median listing price in Annapolis is $699,000. The average price per square foot is $298. This shows how active and competitive the real estate market is here1. Places like Eastport are great for investors. They offer high returns especially on short-term rentals, which can bring in about $5,658 each month1.
Annapolis has a wide range of homes, from historic to modern waterfront properties1. Whether you prefer the scenic view of Arundel on the Bay or the suburban feel of Admiral Heights, Annapolis has something for everyone. These areas also offer great community benefits and top-rated schools1.
If you’re interested in detailed info about investing in Annapolis, check out this investment properties site.
Key Takeaways
- Annapolis’s real estate market is highly competitive, with homes averaging at $699,0001.
- There are various investment options from historical to modern waterfront homes1.
- Places like Eastport offer better earnings from short-term rentals, about $5,658 monthly1.
- Areas like Admiral Heights and Arundel on the Bay have great amenities and views1.
- The diverse prices of Annapolis properties attract many investors1.
Eastport: A Maritime Jewel
Eastport is seen as a true gem in Annapolis because of its mix of city life and waterfront investment chances. This lovely area is known for its beautiful sights and active boating scene.
Waterfront Properties
Eastport Annapolis is famous for its impressive waterfront homes that offer great views of the Severn River and Chesapeake Bay2. You can find historic and updated homes along the streets, making the area architecturally diverse2. This makes investors see a lot of growth potential here due to these valuable and scenic homes.
Boating Culture
For those who love boats, Eastport Annapolis is a perfect spot with its marinas and yacht clubs2. The area’s strong boat culture creates a tight-knit community. People often join in on water-related fun and events. One favorite activity is the “Tug of War” against downtown Annapolis, showing off Eastport’s unique maritime vibe2.
High Demand
Eastport homes are in high demand thanks to the urban perks and water-living it offers2. More and more buyers are coming for vacation spots and places to live. This growth keeps the market strong. Thus, making Eastport a top choice for investing in waterfront property in Annapolis2.
Murray Hill: Historic Charm Meets Modern Living
Murray Hill Annapolis is a unique neighborhood. It beautifully combines historical architecture with modern life. You’ll see tree-lined streets and many historic homes here. The architectural diversity includes colonial-era houses and modern renovations. This mix attracts different people3. Its closeness to the downtown area gives easy access to famous places. Sites like the State House and Naval Academy are nearby, making it a top choice in the city3.
Homes in Murray Hill suit many tastes, from single-family homes to waterfront getaways3. Prices range from $675,000 to $4,343,000. This caters to a wide range of budgets3. You’ll find homes with 2 to 6 bedrooms and 1 to 5 bathrooms. It’s perfect for families big and small3.
Living in Murray Hill means enjoying a strong sense of community3. Events like the annual Murray Hill Home Tour highlight this. Plus, top schools like West Annapolis Elementary and Annapolis Middle School are nearby. They offer excellent education and a supportive atmosphere4. This draws families seeking a community-focused life.
The Murray Hill Annapolis rental market is thriving and consistent3. Investors find great opportunities in long-term rentals. The area’s local businesses, parks, and active life are big draws4. Renowned agencies like Coldwell Banker Realty and TTR Sotheby’s ensure smooth deals for buyers and sellers3.
Admiral Heights: Suburban Bliss
Admiral Heights in Annapolis is a top choice for suburban living. It offers peace and easy access to amenities. The area is known for its big houses and lots.
Spacious Homes and Yards
Homes here have large yards for gardens, games, and being outside. Houses are big, making it a good place for families to grow5. You can find modern and classic homes here. The real estate market is stable and growing, making it a smart investment5.
Community Amenities
Admiral Heights is filled with things that make living in Annapolis better. There are pools and parks near Weems Creek for outdoor fun. The community is close, celebrating together at events like the Fourth of July Parade5. Shops and services in the area make life convenient, adding to its self-sufficiency5.
Strong School Districts
If you’re thinking about schools, Admiral Heights is a great choice. It’s in a good school district, important for families. There are many schools nearby, making it appealing for family living5. The focus on education here matches the high household income. It shows the area values success in school and life5.
| Aspect | Details |
|---|---|
| Average Home Square Footage | 2,500 sq ft5 |
| Median Household Income | $120,0005 |
| Crime Rate | Very Low5 |
| Strong School Districts | Yes5 |
| Real Estate Appreciation Rates | Consistent5 |
| Community Amenities | Pools, Weems Creek Access5 |
Admiral Heights Annapolis is an ideal suburban area with great investment perks. It has family-friendly real estate and a strong sense of community. This makes it perfect for those wanting a balanced life in the suburbs.
Homewood: The Best of Both Worlds
Homewood in Annapolis combines city benefits with the peace of the suburbs. It’s perfect for those who want to live near Annapolis. People love it here for its great location, varied housing, flexibility in investment, and community feel.
Diverse Housing Options
Homewood offers many types of homes. You can find single-family homes, apartments, and townhouses. Each has perks like big windows, decks, and fireplaces6. This means everyone can find something they like.
Central Location
Homewood is near important schools like the United States Naval Academy. It’s great for students and young workers. You can quickly get to shops and Anne Arundel Medical Center6 by car. Plus, you can walk to Navy Stadium and downtown Annapolis6. It shows how it’s the heart of Annapolis living.
Investment Flexibility
Investors like Homewood for its different investment chances. It offers both long and short rentals, such as Airbnb. This is thanks to its prime location and varied homes. The real estate market here is strong, showing good results since 20087. This makes Homewood a smart pick for investors wanting to grow their portfolio.
Annapolis Historic District: Timeless Elegance
The Annapolis Historic District is the lively core of the city. It features cobblestone streets and old buildings loaded with history. This district draws lots of visitors and investment interest all year round. Properties here usually stay on the market for about 29 days and often get one offer8. This quick selling time shows its lasting appeal and strong demand for homes in this beautiful spot.
What also adds to its charm are the preserved historic homes. These homes follow strict rules to keep their historical look. This helps them keep their value. Currently, there’s only one house for sale, priced at $650,000. This shows how exclusive and fast-moving the real estate is in this area8. Clearly, buying property here is a popular and smart choice.
This area is great for those who love to walk around their neighborhood. It boasts exciting nightlife, great eating places, and lots of shops. With beloved places like Anchorage, Manresa, West Annapolis, and more, it’s easy to see why it’s wanted9. To see homes for sale in this historic area, check out more at Annapolis Historic District real estate.
The Historic District ties strongly to history but offers modern city living too. It’s perfect for those looking for unique investments. Homes here mix tradition with the chance to earn. It stands out from other areas in this special way.
Annapolis Roads: A Secluded Paradise
Annapolis Roads sits in a prime waterfront spot. It is perfect for people who want privacy and luxury. Known for its luxury estates, this area is great for anyone looking to invest in an exclusive neighborhood.
Exclusivity
Annapolis Roads is a hidden gem offering large properties. These properties have big grounds. On average, lots are about 0.47 acres10, giving lots of space and privacy. This place is special because of its R2 zoning. It keeps the area low-density and residential11.
Waterfront Views
Buying here means getting amazing waterfront properties. Many homes have direct water access and deep water docks. The docks are about 3-4 feet deep at mean low water10. There’s a community dock, too. This makes it easy for residents to get to the Chesapeake Bay, a dream spot for fishing11.
Also, it’s a quick trip to the city. Just 35 minutes to Washington DC and 45 to Baltimore. This makes it perfect for those who work in the city10.
Larger Estates
The big estates in Annapolis Roads are designed for luxurious living. Property prices average $29.48 per square foot11. The median price in gated communities is around $650K12. The yearly taxes are roughly $7,866. This highlights the premium quality of these homes1011.
For those looking at Annapolis Roads for luxury estates, it’s a top choice. It offers exclusive investments and beautiful waterfront properties. You get awesome views, big estates, and fancy amenities. This makes living here a truly high-class experience.
Real Estate Trends in Annapolis
The real estate market in Annapolis, Maryland, stays strong and growing. It’s noted for its charm and its waterfront spots. The data shows median home prices went up by 3.5% over the past year13.
Waterfront properties and Annapolis’s history draw in investors and homebuyers. Homes are quickly bought, often in about 15 days13. This fast pace shows Annapolis is a good pick for those wanting to invest.
Good schools and job options help keep Annapolis appealing. They keep property values and demand from tenants strong14. Annapolis’s growing population every year also makes it a good place for investment plans15.
Property tax rates are important for figuring out if the market is stable. They affect decisions on residential and commercial investments14. The price-to-rent ratios show that renting out properties can be profitable14. For those investing in apartments, looking at rent prices and income levels is key15. The economy in Annapolis is also strong, adding to the market’s strength14.
Easy access to highways and utilities is crucial for tenants and industrial properties15. Annapolis is also getting more people, making it great for retail15. For more on this, check out insights on Annapolis real estate trends15.
To wrap up, Annapolis’s real estate market is resilient, offering many investment chances. Its mix of historic sights, quick sales, stable economy, and prime location make it an outstanding place for real estate investments.
Arundel on the Bay
Arundel on the Bay in Annapolis is known for its beautiful waterfront, small-town feel, and varied residents. It’s a welcoming community with waterfront homes perfect for those wanting a quiet, close-knit life.
Scenic Waterfront Setting
Arundel on the Bay in Annapolis provides stunning views and access to water fun. Residents enjoy peaceful beaches and a private pier. It’s a top choice for people who love tranquility and natural scenery. Those investing here value the spectacular views and waterfront lifestyle.
Charming Homes
Arundel on the Bay features beautiful waterfront homes. These homes blend traditional design with modern comforts for waterfront living. You’ll find everything from cozy cottages to large family homes, appealing to different tastes and budgets. This mix of old charm and modern ease makes the neighborhood truly attractive.
Diverse Community
Arundel on the Bay is welcoming to everyone. It’s known for its diverse, lively community with small businesses, restaurants, and art galleries. This sense of unity is enhanced by yearly events and socials that bring neighbors together.
This area combines charming homes and a vibrant community in a stunning setting. It’s perfect for those wanting charming waterfront living and a friendly community vibe. Learn more about living in Annapolis at this guide to Annapolis neighborhoods16.
Sherwood Forest: The Forest Community
Sherwood Forest Annapolis is nestled in a beautiful, wooded area. It’s an incredible chance for those looking for a peaceful living. This area used to be a summer camp but is now a lovely neighborhood with much privacy and uniqueness.
It’s known for its gated community vibe. Here, people enjoy amenities like a marina, swimming pool, tennis courts, and a clubhouse. These, alongside events like beach roasts and July 4th fireworks, build a close-knit community.
The average home price here was $1,002,500 in 2021, with prices ranging from $600,000 to $1,767,25017. Homes sit on average on 0.20 of an acre17. These facts and the community’s charm make it a top pick for those looking into Annapolis real estate.
Those interested in investing should check out more info on the best areas in Sherwood Forest Annapolis18. This guide offers the latest news and tips for informed investing.
Sherwood Forest is a key part of Annapolis’s real estate scene19. It has different types of properties and special features for refined tastes. Its secluded yet engaging environment promises both peace and a sense of belonging.
Conclusion
Annapolis, MD, is a perfect mix of old charm and new life, making it great for real estate investment. It has a hot market with low supply and high demand. This shows in the 30% growth in median home values over the past ten years20. From Eastport’s waterfront beauty to Admiral Heights’ peaceful suburbs, Annapolis has many areas to invest in.
Homes in places like Arundel-on-the-Bay start in the mid-to-high $200,000 range. In Downtown Annapolis, you can find high-end homes averaging around $1.1 million21. Condos are becoming more popular in Annapolis. They offer an easy-going lifestyle with community vibes20. The city’s 6% yearly population growth for the last thirty years means there’s consistent demand. This keeps the real estate market strong for future growth20.
To do well in this cutthroat market, planning and professional advice are key. Working with savvy real estate agents helps a lot. They can give you vital tips and make buying easier. Having a mortgage ready and getting a reliable home inspection are also smart moves. They make sure your investment is solid and likely to succeed20. For more on Annapolis’ real estate scene and tips on smart investing, check out local expert advice or visit Living in Annapolis.
FAQ
What are the best neighborhoods to invest in Annapolis, MD?
Top neighborhoods for investing in Annapolis include Eastport, Murray Hill, and Admiral Heights. Others are Homewood, Annapolis Historic District, Annapolis Roads, Arundel on the Bay, and Sherwood Forest. They offer everything from historic to luxury waterfront homes.
Why is Eastport considered a prime location for investment?
Eastport shines with its waterfront views and strong boating community. Its mix of urban and waterfront living makes it highly sought after. A rich community spirit and rising property values solidify its investment appeal.
What investment opportunities does Murray Hill offer?
Murray Hill charms with a mix of old and new, attracting professionals and families. Its close link to Annapolis landmarks and vibrant life makes it great for long-term investments. Historic homes add to the neighborhood’s unique appeal.
How does Admiral Heights support a suburban family lifestyle?
Admiral Heights is known for its large homes and yards, plus community perks like pools. Good schools attract families looking for suburban comfort and quality education. It’s perfect for long-term family rentals.
What makes Homewood an attractive investment area?
Homewood’s central spot offers diverse housing suitable for various investment plans. Located near the Naval Academy and St. John’s College, it draws students and professionals alike. This ensures steady demand for housing.
What investment potential does the Annapolis Historic District present?
With its preserved historic homes and bustling local scene, the Annapolis Historic District stands out. Property values are bolstered by preservation efforts, making it great for both short and long-term investments.
Why are properties in Annapolis Roads considered exclusive?
Annapolis Roads offers luxury living with its sprawling estates and waterfront vistas. Golf and private amenities attract high-end investors seeking exclusive real estate opportunities.
How has the real estate market in Annapolis remained resilient?
Annapolis’s market stays strong thanks to its historic allure and varied property range. Its constant demand and property value growth make it a stable investment choice despite market ups and downs.
What are the unique features of Arundel on the Bay?
Arundel on the Bay is known for its beautiful waterfront and tight-knit community. Small and cozy, it offers unique local businesses, making it perfect for peaceful living investments.Q: What investment features does Sherwood Forest offer?
Sherwood Forest’s gated community offers privacy and nature, along with a spirited community. With amenities like a marina and tennis courts, it’s great for those looking for secluded residential properties.
Source Links
- Best Neighborhoods To Buy A Home In Annapolis MD – https://realtymd.blob.core.windows.net/maryland-house/best-neighborhoods-to-buy-a-home-in-annapolis-md.html
- Top Neighborhoods in Annapolis for Real Estate Investment | Blog | The Tower Team | Annapolis Real Estate Team – https://thetowerteam.com/blog/top-neighborhoods-in-annapolis-for-real-estate-investment
- Murray Hill Real Estate, Homes, Condos for Sale in Annapolis, MD – CR Realty – https://www.chrisrosendale.com/annapolis-homes-for-sale/murray-hill-homes-for-sale/
- Exploring Real Estate Opportunities in Annapolis: Key Neighborhoods Based on School Ratings – https://www.carmenfontecillablog.com/post/exploring-real-estate-opportunities-in-annapolis-key-neighborhoods-based-on-school-ratings
- Real Estate – The Jen Holden Group of Compass – Site Map – https://movewithjhg.com/sitemap
- 211 S Cherry Grove Avenue, Annapolis, MD – https://www.longandfoster.com/homes-for-sale/211-S-Cherry-Grove-Avenue-Annapolis-MD-21401-356852202
- Best of the ‘Burbs – Baltimore Magazine – https://www.baltimoremagazine.com/section/homegarden/best-of-the-burbs-your-real-estate-guide-to-the-best-neighborhoods-in-baltimore-and-beyond/
- A Blend of History and Luxury | Reel Waterfront Group – https://reelwaterfrontgroup.com/tag/annapolis-real-estate-a-blend-of-history-and-luxury
- Vintage Homes for Sale in Annapolis, MD – https://www.redfin.com/city/409/MD/Annapolis/vintage
- 1009 Dulaney Ln, Annapolis, MD| The Fine Living Group | Annapolis Roads – https://www.thefinelivinggroup.com/property-search/detail/42/MDAA2059614/1009-dulaney-ln-annapolis-md-21403/
- 1009 Dulaney Lane, Annapolis, MD 21403 – – https://borrerogroupsellsnj.com/property/382-MDAA2059614-1009-Dulaney-Lane-Annapolis-MD-21403/
- Gated Community – Annapolis, MD Real Estate & Homes for Sale – https://www.redfin.com/city/409/MD/Annapolis/amenity/gated community
- Maryland Real Estate Market Overview – 2024 – https://www.steadily.com/blog/maryland-real-estate-market-overview
- Annapolis, MD – https://housecashin.com/investing-guides/investing-annapolis-md/
- Annapolis MD Commercial Real Estate Market Trends [2024 Statistics Data Report] – https://propertycashin.com/investing-guides/commercial-real-estate-market-annapolis-md/
- Anne Arundel County Real Estate – https://www.northroprealty.com/anne-arundel-county-real-estate.php
- The 5 very best Neighborhoods to live in Annapolis, MD – https://www.annapolisdigs.com/blog/5-very-best-neighborhoods-to-live-in-annapolis-md/
- favorite Annapolis neighborhoods? – https://www.dcurbanmom.com/jforum/posts/list/65035.page
- Annapolis MD Real Estate, Homes, Condos for Sale – The Roskelly Team – https://www.fortmeadehomes.com/annapolis-homes-for-sale/
- The Guide to Annapolis MD Real Estate for Homebuyers | Jen Schaub – https://jenschaubgetsyoumoving.com/blog/annapolis-md-real-estate-a-first-time-homebuyers-guide/
- Finding the Perfect Annapolis Neighborhood for Your Lifestyle – https://www.eyeonannapolis.net/2024/07/finding-the-perfect-annapolis-neighborhood-for-your-lifestyle/
