The median home price in Annapolis, MD currently sits between $660,000 and $690,000. Buyers looking to move near the Chesapeake Bay face a tight market with roughly two months of available housing inventory.

Choosing the right area means balancing commute times, property tax rates, and access to the water. From the historic district of Annapolis to the quiet streets along the Severn River, each enclave offers distinct architecture and pricing. Understanding these differences helps buyers focus their search on the areas that align with their budget and everyday routines.

The State of the Annapolis Housing Market

Anne Arundel County assesses a property tax rate of 0.977 per $100 of assessed value for fiscal year 2026. Homeowners within the city limits also pay municipal taxes on top of the county and state rates. Buyers should factor these local tax rates into their monthly payment calculations before making an offer.

Maryland offers a Homestead Tax Credit that limits how much an assessment can increase each year. For owner-occupied primary residences in Anne Arundel County, this cap is set at 2%. This credit provides long-term owners with predictable tax bills, even as property values climb over time.

The broader market remains constrained by low inventory. With only 1.9 to 2 months of supply available, well-priced single-family homes often receive multiple offers. Buyers should secure pre-approval early to act quickly when a property hits the local MLS.

Buying a Home in Eastport

Eastport sits on a peninsula just across Spa Creek from downtown Annapolis. The median home price ranges from $600,000 to $900,000, though waterfront single-family homes frequently exceed $1.1 million. The architecture here includes early twentieth-century Craftsman cottages alongside modern waterfront estates.

The area features extensive water access, with multiple marinas and public street-end parks opening onto the water. Residents are zoned for Eastport Elementary School, which sits near the center of the peninsula. Anne Arundel Medical Center is located about three to four miles away, depending on your exact street address.

Walkability is a major draw for this area. Residents can easily cross the Eastport Bridge on foot to reach the Annapolis City Dock and the historic district of Annapolis. Restaurants and maritime businesses line the local streets, creating a distinct identity separate from the main downtown area.

What to Expect in Murray Hill

Murray Hill commands some of the highest real estate prices in the city, with the median sale price sitting around $1.45 million in 2026. The available listings consist primarily of large, historic single-family homes built from the early 1900s onward. Tree-lined streets and deep setbacks characterize the residential blocks.

The location offers immediate pedestrian access to the United States Naval Academy and downtown Annapolis. Residents can walk to Main Street restaurants, local coffee shops, and waterfront parks without needing a car. This proximity to the city center keeps demand strong year-round.

Public school zoning for this area includes Annapolis High School. For healthcare access, Anne Arundel Medical Center is roughly two and a half miles away. Buyers looking here should prepare for older homes that may require specialized maintenance or historic preservation approvals.

Exploring West Annapolis

Properties in West Annapolis have a median price of approximately $790,000. The neighborhood features a mix of mid-century Cape Cods and traditional single-family homes on spacious lots. This area operates as a distinct village with its own commercial corridor along Annapolis Street.

Students in this neighborhood attend West Annapolis Elementary School, which sits directly within the community boundaries. The local commercial district includes grocery options, independent retail stores, and professional offices. This setup allows residents to run daily errands without driving into the busier downtown sector.

Location plays a major role in the appeal of West Annapolis. The neighborhood sits immediately adjacent to US-50, providing a fast exit for commuters heading west. Anne Arundel Medical Center is also just one to two miles away, making it a convenient location for routine appointments or emergency care.

Admiral Heights Properties and Amenities

Admiral Heights offers a more accessible entry point into the market, with single-family homes ranging from $400,000 to $600,000. The neighborhood sits along the banks of Weems Creek, slightly removed from the immediate downtown traffic. Most homes here were built between the 1950s and 1970s.

The community maintains several private amenities for residents, including a neighborhood pool, waterfront parks, and a community pier. The Weems Creek boat club provides direct water access for kayaking, paddleboarding, and small motorized craft. These shared facilities are managed by the local HOA.

The neighborhood borders the Navy-Marine Corps Memorial Stadium, providing easy access to local sporting events. Commuters benefit from the nearby highway access, and Anne Arundel Medical Center is a short one to one and a half miles away. This combination of amenities and location keeps the area competitive for buyers.

Commuting from Annapolis to Major Hubs

Many residents work outside the city limits, making highway access a primary factor in choosing a neighborhood. Central Annapolis provides direct on-ramps to both US-50 and I-97. These two arteries handle the bulk of the daily commuter traffic heading toward major employment centers.

Drive times vary based on the time of day and the specific neighborhood you choose. Buyers should test their expected route during rush hour before finalizing a purchase.

Understanding standard travel times helps narrow down your housing search. Typical commute times from the city include:

• Washington D.C.: Approximately 45 minutes via US-50.

• Baltimore: Roughly 35 to 40 minutes using I-97.

• Fort Meade: About 25 minutes via I-97 and MD-32.

Common Questions About Annapolis Real Estate

What is the median home price in Annapolis, MD?

As of 2026, the median home price in the city ranges between $660,000 and $690,000. Prices vary widely by neighborhood, with waterfront properties in Eastport or historic homes in Murray Hill frequently exceeding $1 million.

Which Anne Arundel County public schools serve Annapolis?

The city is served by several local schools within the county system, including Eastport Elementary, West Annapolis Elementary, and Annapolis High School. School assignments depend on your specific street address, so buyers should verify the zoning with the county board of education before making an offer.

How long is the commute from Annapolis to Washington D.C.?

Drivers can expect a 45-minute trip to Washington D.C. when taking US-50 West under normal conditions. Rush hour volume on the Capital Beltway will extend this drive, so commuters often leave early to avoid peak congestion.