Top City Searches in Maryland
Maryland: The Old Line State
Maryland has an estimated population of 6,185,278 residents. The capital city of Maryland is Annapolis, though its most populous city is Baltimore. In addition to the Old Line State, Maryland is also known as the Free State and the Chesapeake Bay State.
Maryland has a thriving economy built on transportation, fishing, agriculture, biotechnology, healthcare, and tourism. Education also plays a prominent role in the culture and economy of Maryland. Colleges and universities located in the state include Johns Hopkins University
, the University of Maryland, Baltimore
, the University of Maryland
, Towson University
, and the Maryland Institute College of Art
In terms of arts and culture, Maryland does not disappoint. There are many museums that call the city home, such as the B&O Railroad Museum
, the Baltimore Museum of Art
, the Walters Art Museum
, and the Maryland Science Center
. There are also a number of performing arts companies based in the state, like the Chesapeake Shakespeare Company
, the Ballet Theatre of Maryland
, and the Maryland Symphony Orchestra
Other attractions in Maryland include Harborplace
, the Baltimore Aquarium
, Camden Yards, Fort McHenry
, Ocean City
, the American Visionary Art Museum
, the Antietam National Battlefield
, the George Peabody Library
, and the Maryland Zoo in Baltimore
What Is Maryland's Rental Market Like?
The real estate market in Maryland boasts expensive homes. This does not come as a surprise considering Maryland is one of the wealthiest states in the country with one of the highest average household incomes. The median sale price
for a home in the Free State is $365,000, indicating a 7.4% growth. Even with rich residents, though, Maryland also has a large renter population. In fact, 33.1% of the state's citizens rent their homes.
Image via towncharts.com
In addition to a wide pool of tenants, Maryland is also attractive to landlords because of relatively high rent. The median rent in the state was $1,401 in 2019, and it has only been rising since 2011. In comparison, the national median rent in 2019 was $1,097.
Image via deptofnumbers.com
Apart from that, Maryland is also generally landlord-friendly. Most of the jurisdictions in the Old Line State lack rent control laws and few restrictions when it comes to entry notifications.
How a Maryland Property Management Company Can Help
Managing a rental property is no easy feat. It takes dedication, expertise, and patience. For many landlords, property management simply isn't their strong point. It becomes even harder when you factor in the laws that you constantly need to keep up with.
Enter a Maryland rental management company.
A professional property management company can take over most of your duties as a landlord. This includes finding and screening tenants, setting and collecting rent, conducting property inspections, making sure your property is well-maintained, preparing lease agreements, enforcing your lease terms, and dealing with tenants. They can also assist you with property taxes and eviction filings.
If you find yourself experiencing one or more of the following, then it's time to call a rental management company for help:
- You own too many rental properties.
- Your rental property is located far from where you reside.
- You don't have property management experience or knowledge.
- Property management does not interest you.
- You lack time.
In Need of Property Management in Maryland?
Searching for a professional management company to help with your Maryland rental home? Rental Choice is a great place to start your search. Our user-friendly online directory
lets you locate Maryland property management companies and vendors by your city or zip code.