Saint Michaels, MD

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Saint Michaels short-term rental market based on reliable data.

Listings

141 / 295

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$48,984

Middle-Earners Revenue

Occupancy

47%

Middle-Earners Occupancy

Home Value

$708,787

Median Home Sale Price

Top Earners

$120,990

Top-Earners Revenue

Saint Michaels

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Saint Michaels.

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C

Challenging to Investors

Saint Michaels Regulations

STRs are confined mainly to the Central Commercial district (above first floor) and a narrowly tailored pre‑1945 single‑family pathway (≤1,400 sq ft, four‑person cap), while historic R‑2 'vacation cottages' are barred from new permits. Licensing requires a $350 fee plus inspections and, for conversions/new builds, site‑plan approval, plus occupancy limits (two per bedroom), parking minimums, and standard taxes. These tight constraints raise compliance cost and limit viable inventory, making the market challenging for investors.

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About Saint Michaels

Saint Michaels, also known as St. Michaels, is a town in Talbot County, Maryland, United States. The population was 1,094 at the 2023 World Population Review. Growing at a rate of 1.3% annually, its population hit a peak with the 2020 Census reporting a 3.99% increase. Saint Michaels derives its name from the Episcopal Parish established there in 1677. The church attracted settlers who engaged in tobacco growing and ship building.

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