Rising home prices are outpacing wage growth in Anne Arundel County and six other Maryland counties, according to an analysis of 432 counties nationwide by ATTOM Data Solutions in the second quarter.
Wages rose 2.3 percent in Anne Arundel County since last year. During the same period, median home prices in the county rose 4.4 percent.
Six other Maryland counties saw wages outpace median home prices.
Home prices and wages in Maryland counties
County | Q2 2018 Median Sales Price | YoY Median Home Price Growth | Annualized Weekly Wages | YoY Annualized Wage Growth | Prices Outpacing Annualized Wages? |
Frederick | $282,000 | 4.1% | $49,972 | 1.4% | YES |
Carroll | $305,000 | 5.9% | $43,407 | 3.8% | YES |
Charles | $271,500 | 6.5% | $45,825 | 1.6% | YES |
Cecil | $195,000 | 4.1% | $47,398 | 3.3% | YES |
Anne Arundel | $333,000 | 4.4% | $57,941 | 2.3% | YES |
Harford | $235,000 | 2.6% | $51,389 | 1.6% | YES |
Saint Marys | $258,950 | 3.7% | $66,391 | 2.5% | YES |
Prince George's County | $260,000 | 2.0% | $56,589 | 2.5% | NO |
Montgomery | $429,000 | -0.2% | $73,450 | 2.8% | NO |
Washington | $159,900 | 0.3% | $41,808 | 3.1% | NO |
Wicomico | $140,000 | 0.0% | $43,615 | 3.5% | NO |
Baltimore | $219,000 | 0.0% | $54,730 | 3.1% | NO |
Howard | $390,000 | 0.0% | $66,170 | 2.1% | NO |