federal economic area report maryland: congressional...

FEDERAL ECONOMIC AREA REPORT

Maryland: Congressional District 5

Copyright 2017 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 4/24/2017

January 2017 Report

Congressional District Report

For the 115th Congress

National Association of REALTORS®

Maryland District 5

Honorable Steny H. Hoyer (D)



Congressional Districts of the State of

Maryland

This report presents the most recent and relevant data at the District and State levels in support

of the goal of the National Association of REALTORS®

to sustain and strengthen home ownership.

For many people, home ownership is the achievement of the American dream. From a policy

perspective, home ownership is one of the most effective ways to reduce wealth and income

disparity; home values provide the largest source of net worth for many Americans. Home

ownership also brings tremendous social and economic benefits by encouraging the formation of

stable and responsible neighborhoods.1

Real estate, demographic, and economic data are presented to provide information about the status

of home ownership, trends in the real estate market, and the economic conditions that underlie

the demand for housing.

Additional information on housing statistics is available at

http://www.nar.realtor/research-and-statistics

Information about the political advocacy of the National Association of REALTORS® is available at

http://www.nar.realtor/political-advocacy

__________________________________________________________________________________

1/ "Social Benefits of Homeownership and Stable Housing", National Association of REALTORS®, April 2012,

http://www.realtor.org/sites/default/files/social-benefits-of-stable-housing-2012-04.pdf


Financial Benefits of Home Ownership


181.3160.6 158.1

188.9226.6 227.8

263.7

187 195.4

3.5 5.3 7.4 6.1 6.3 4.9 5.8 5.4 5.40

100

200

300

1989 1992 1995 1998 2001 2004 2007 2010 2013

Median Family Net Worth(Thousands, in 2013 Dollars)

Homeowner Renter

Source: Federal Reserve Board, Survey of Consumer Finances

HOUSING STATISTICS FOR THE 115TH CONGRESS

Maryland District 5

Total Housing Units 280,728

Occupied Housing Units 257,965

Owner Occupied Units 196,590

With Mortgage 157,315

Without Mortgage 39,275

Renter Occupied Units 61,375

Vacant Units 22,763

Median Income, Owner Cost, and Rent in 2015 /2

Median Income Owner Cost or Rent /3 Percent of Median Income

All Households $91,820

Owner Occupied Units $105,264 $1,829 21%

With Mortgage $110,987 $2,054 22%

Without Mortgage $81,190 $628 9%

Renter Occupied Units $59,434 $1,511 31%

Median Value of Owner Occupied Unit $303,800

Employment in 2015 /4

Civilian Labor Force, 16 yrs and over 413,010

Labor Force Participation Rate 67.6%

Number of Unemployed 19,309

Homeownership in 2015 /1

National Association of

REALTORS®

District Level Information

Honorable Steny H. Hoyer (D)

67.8%

28.4%

3.6% 0.2%

Employment, by Type

Private Wage & Salary

Government

Self-Employed

Unpaid

76.2%66.6% 63.5%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

District 05 MD U.S.

Homeownership Rate

Source: District-level data is as of 2015 (ACS 2015). State and U.S. data are as of 2016Q3 (CPS/HVS surveys). For districts at-large, the annual and quarterly estimates will differ.

4.7%

4.3%

4.9%

3.8%

4.0%

4.2%

4.4%

4.6%

4.8%

5.0%

District 05 MD U.S.

Unemployment Rate

Source: District-level data is as of 2015 (ACS 2015). State and U.S. data are as of 2016Q3 (BLS). For districts at-large, the annual and quarterly estimates will differ.


Maryland District 5


REALTORS®

Mortgage Originations in 2015 /5Home Purchase First-Lien Loans for 1- to 4-Family Properties

2013 2014 2015 2013-2014 2014-2015

Conventional 4,690 4,989 5,440 6.4% 9.0%

FHA-insured 2,427 1,081 1,828 -55.5% 69.1%

VA-guaranteed 2,044 649 723 -68.2% 11.4%

FSA/RHS-guaranteed 826 889 942 7.7% 5.9%

All 9,987 7,608 8,932 -23.8% 17.4%

Median Income of Applicants for Home Purchase First-Lien Loans for 1- to 4-Family Properties

2013 2014 2015 2013-2014 2014-2015

Conventional $102,033 $101,556 $101,739 -0.5% 0.2%

FHA-insured $73,825 $76,082 $76,007 3.1% -0.1%

VA-guaranteed $98,648 $101,728 $98,260 3.1% -3.4%

FSA/RHS-guaranteed $64,820 $66,802 $66,823 3.1% 0.0%

Median Loan Amount for Home Purchase First-Lien Loans for 1- to 4-Family Properties

Loan-to-Income Ratio

2013 2014 2015 2013 2014 2015

Conventional $258,101 $269,105 $275,553 2.5 2.6 2.7

FHA-insured $246,750 $256,867 $270,164 3.3 3.4 3.6

VA-guaranteed $344,962 $345,734 $347,172 3.5 3.4 3.5

FSA/RHS-guaranteed $235,043 $229,247 $226,360 3.6 3.4 3.4

Loan Purpose of First-Lien Loans for 1- to 4-Family Properties

Percent ChangeNumber of Loans

Median Income Percent Change

Median Loan Amount

8,908 , 54%

295 , 2%

7,381 , 44%

Number and Distribution of Mortgage Originations By Loan Purpose in 2014

Home Purchase Home Improvement Refinance

10,131 , 46%

401 , 2%

11,595 , 52%

Number and Distribution of Mortgage Originations By Loan Purpose in 2015

Home Purchase Home Improvement Refinance


Maryland District 5


REALTORS®

Home Purchase First-Lien Loans for 1- to 4-Family Properties by Race and Ethnicity /6

By Race 2013 2014 2015 2013 2015

American Indian/Alaskan Native 38 46 65 0.5% 0.6%

Asian 362 329 401 4.3% 4.0%

Black or African American 2,666 2,868 3,417 31.7% 34.0%

Native Hawaiian/Pacific Islander 32 35 37 0.4% 0.4%

White 4,261 4,313 4,813 50.7% 48.0%

Information Not Provided 1,040 1,201 1,304 12.4% 13.0%

Total 8,399 8,792 10,037 100.0% 100.0%

By Ethnicity

Hispanic 533 644 840 6.3% 8.4%

Non-Hispanic 6,856 6,995 7,919 81.6% 78.9%

Information Not Provided 1,010 1,153 1,277 12.0% 12.7%

Total 8,399 8,791 10,036 100.0% 100.0%

Sources/Notes:

/1 Sources: Census Bureau, American Community Survey, 2015, 1-year Estimates, Table DP04; Census Bureau Housing Vacancy Surveys (CPS/HVS).

/2 Source: Census Bureau, American Community Survey, 2015, 1-year Estimates.

Median income data are from Table B25119, Table S2506, and Table S2507.

Owner cost and rent data are from Table DP04 and Table B25088.

Median value of owner-occupied units data are from Table DP04.

/3 U.S Census Bureau calculates selected monthly owner cost as the sum of payment for mortgages, real estate taxes, various insurance, utilities, fuels,

mobile home costs, and condominium fees. Gross rent includes contract rent, utilities, and fuels.

/4 Sources: Census Bureau, American Community Survey, 2015, 1-year Estimates, Table DP03; Bureau of Labor Statistics.

/5 Source: Federal Financial Insitutions and Examination Council (FFIEC) Home Mortgage Disclosure Act (HMDA) Loan Application Register (LAR) data.

NAR converts the HMDA data at the census tract level into congressional district level data using allocation factors generated from the Missouri Census

Data Center Mable/Geocorr 12 Geographic Correspondence Engine which allocates the 2010 Census housing units data at the census tract level to the

boundaries of the 113th Congressional Districts (CD). Boundaries for the 114th and 115th Congressional Districts are the same as the 113th CD.

NAR's use of the 2010 Census housing units in generating the allocation factors is consistent with FFIEC's use of the 2010 American Community Survey

5-year estimates when reporting demographic and social data from 2012-2016. For the next 5-year period, 2017-2021, FFIEC will use the 2015 ACS

5-year Estimates. See https://www.ffiec.gov/press/pr101911_ACS.htm.

Only financial institutions that meet asset threshold levels are required to submit reports to FFIEC. See https://www.ffiec.gov/hmda/history2.htm.

/6 Race and ethnicity of Applicant 1.

Percent Distribution

HOUSING STATISTICS FOR THE 115TH CONGRESS National Association of

Maryland REALTORS®

Homeownership in 2015 /1 Homeownership Rate as of 2016 Q3 /2

Total Housing Units 2,434,465 MD 66.6

Occupied Housing Units 2,177,934 U.S. 63.5

Owner Occupied Units 1,436,159

With Mortgage 1,061,376

Without Mortagage 374,783

Renter Occupied Units 741,775

Vacant Units 256,531

Median Household Income $75,847

For Owner Occupied $96,105

For Renter Occupied $47,670

Median Value of Home $299,800

Selected Monthly Owner Costs /3

Owned With Mortgage $1,909

Owned Without Mortgage $374,783 Unemployment Rate as of 2016 Q3 Renter Occupied (Rent) $1,278

MD 4.3

Homeownership Rate By Race /4 U.S. 4.9

All races 66.6%

Hispanic (ethnicity) 45.3%

White Alone 74.6%

Black Alone 50.5%

Alaskan Native/Amer. Indian 51.1%

Asian Alone 68.6%

Native Hawaiian/Pacific Is. 71.1%

Some Other Race Alone 39.9%

Two or More Races 52.6%

/1 Sources of data : ACS 2015 (1-yr) Tables DP04,B25119, B25103, B25090, B25003, S2506, S2507.

/2 The U.S. and state quarterly figures are from the Census Bureau's Housing Vacancies and Homeownership survey (CPS/HVS).

/3 Selected monthly owner cost is the sum of payment for mortgages, real estate taxes, various insurance, utilities,

fuels, mobile home costs, and condominium fees. Gross rent includes contract rent, utilities, and fuels.

/4 Not Available (N.A.) because there is no reported race group in that state based on the ACS data.

State Level Information

Honorable Chris Van Hollen (D)

Honorable Benjamin L. Cardin (D)

35

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Homeownership Rate ( in%)

MD US

Source: Census Bureau. CPS/HVS

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Unemployment RateMD US

Source: Bureau of Labor Statistics


Maryland REALTORS®

Mortgages in Foreclosure as of 2016 Q3 MD 1.85

U.S. 1.55

/5 Source: NAR tabulation of HMDA Loan Application Register (LAR) data. Some data may not be available for the state.

Home Purchase First-lien Loans for 1- to 4-Family Units by Type of Loan as of 2015 /5

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Tho

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Foreclosure Inventory, End of Quarter

Source of data: Haver/MBA

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Percent of Loans in Foreclosure Inventory

MD U.S.

Source of data: Haver/MBA

0%

50%

100%

150%

-

50,000

100,000

150,000

20

05

20

06

20

07

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08

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11

20

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15

Conventional Loans

Number of Loans Share to Total Loans

Source of data: HMDA-LAR

0.0%

5.0%

10.0%

15.0%

-

2,000

4,000

6,000

8,000

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

VA-Guaranteed Loans



0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

-

500

1,000

1,500

2,000

2,500

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

FSA/RHS Loans



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

-

5,000

10,000

15,000

20,000

25,000

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

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15

FHA-Insured Loans




Maryland REALTORS®

Home Purchase Loans Originated by Income of Household in 2015 /6

Average Applicant Income and Loan Amount, 2015

Avg. Income Avg. Loan Amount

Lower Income Households $209,999

Middle Income Households $296,179

Higher Income Households $414,012

Number of Loans and Percent Distribution by Income Group

2005 % share 2015 % share

Lower Income Households 31,104 26% 20,028 35%

Middle Income Households 36,675 31% 14,962 26%

Higher Income Households 51,209 43% 23,015 40%

/6 Source: NAR tabulation of HMDA Loan Application Register (LAR) data. Low income applicants were defined as those

with incomes less than 80 percent of the median family income of the metropolitan statistical area (MSA) where the

census tract is located. High income applicants are those with incomes above 120% of the median family income.

Middle income applicants are those with incomes from 80% to 120% of the median family income.

$56,000

$95,000

$202,000

0

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120

140

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Number of Home Purchase Loans for 1- to 4- Family Units


0%

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100%

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07

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08

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Home Purchase, Refinancing, and Home Improvement Loans for

1- to 4-Family Units

Purchase Refinancing Home Improvement


-

20

40

60

80

100

120

140

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Number of Home Purchase Loans or 1- to 4-Family UnitsBy Income Level of Applicant

High Income Middle income Low income



Maryland REALTORS®

Home Purchase Mortgage Loans Originated in 2015, by Race of Main Applicant /7

Number of Loans and Percent Distribution by Race and Ethnicity of Applicant, 2005 vs. 2015

2005 2015 % share

Amer. Indian/Alaska Native 457 232 0.3%

Asian 8,618 5501 8.3%

Black or African American 27,505 11973 18.0%

Native Hawaiian/Pacific Is. 599 177 0.3%

White 75,561 40552 61.0%

Information not provided 13,546 8006 12.0%

Total, by race 126,286 66,441 100%

Hispanic/Latino 12,029 9.5% 4715 7.1%

Not Hispanic/Latino 100,632 79.8% 54024 81.3%

Information not provided 13,369 10.6% 7688 11.6%

Total, by ethnicity 126,030 100% 66,427 100.0%

/7 Race is alone or in combination with other races. Totals for race and ethnicity may not equal.

Count excludes "Not applicable" responses.

0.5%

59.8%

10.7%

100%

% share

0.4%

6.8%

21.8%

-

50

100

150

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Tho

usa

nd

s

Number of Home Purchase First-lien Loans for1- to 4-Family Units By Race

Amer. Indian/Alaska Native AsianBlack or African American Native Hawaiian/Pacific Is.White Information not provided

Source: HMDA-LAR. For First lien, one -to-four family units, by race of Applicant 1.

Criteria Used for AnalysisIncome:Median Household Income

Age:Median Age

Population Stats:Total Population

Segmentation:1st Dominant Segment

$92,655 38.0 767,649 Pleasantville

Consumer SegmentationLife Mode UrbanizationWhat are thepeople like thatlive in this area?

Upscale AvenuesProsperous, married couples in higher-densityneighborhoods

Where do peoplelike this usuallylive?

Suburban PeripheryAffluence in the suburbs, married couple-families,longer commutes

Top TapestrySegments Pleasantville Savvy Suburbanites Soccer Moms

EnterprisingProfessionals

HomeImprovement

% of Households 59,444 (22.5%) 37,449 (14.2%) 30,836 (11.7%) 20,954 (7.9%) 13,309 (5.0%)

% of Maryland 179,938 (8.0%) 185,669 (8.3%) 83,714 (3.7%) 203,060 (9.1%) 49,207 (2.2%)

Lifestyle Group Upscale Avenues Affluent Estates Family Landscapes Upscale Avenues Family Landscapes

Urbanization Group Suburban Periphery Suburban Periphery Suburban Periphery Suburban Periphery Suburban Periphery

Residence Type Single Family Single Family Single Family Multi-Units; SingleFamily

Single Family

Household Type Married Couples Married Couples Married Couples Married Couples Married Couples

Average Household Size 2.86 2.83 2.96 2.46 2.86

Median Age 41.9 44.1 36.6 34.8 37

Diversity Index 58.1 33.2 48.3 71.2 63.4

Median Household Income $85,000 $104,000 $84,000 $77,000 $67,000

Median Net Worth $285,000 $502,000 $252,000 $78,000 $162,000

Median Home Value $31,200 $311,000 $226,000 $295,000 $174,000

Homeownership 83.6 % 91 % 85.5 % 52.3 % 80.3 %

Employment Professional orManagement

Professional orManagement



Professional orServices

Education Some College orCollege Degree

College Degree College Degree College Degree College Degree

Preferred Activities Enjoy outdoorgardening. Go to thebeach, theme parks,museums.

Enjoy good food,wine. DIY gardening,home remodeling.

Go jogging, biking,target shooting. Visittheme parks, zoos.

Gamble; visitmuseums. Buy trendyclothes online.

Eat at Chili's, Chick-fil-A, PaneraBread. Shopwarehouse/club, homeimprovement stores.

Financial Invest conservatively Carry first, secondmortgages

Carry high level ofdebt

Own 401(k) throughwork

Invest conservatively

Media Have bundled services(TV/Internet/phone)

Shop, bank online Shop, bank online Watch movies, TV ondemand; use tablets

Watch DIY Network

Vehicle Own/Lease importedSUV

Prefer late-modelSUVs, minivans,station wagons

Own 2+ vehicles(minivans, SUVs)

Own or lease animported sedan

Own minivan, SUV


Copyright 2017 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.

4/24/20171 of 17

Who We AreProsperous domesticity best describesthe settled denizens of Pleasantville.Situated principally in older housing insuburban areas in the Northeast(especially in New York and New Jersey)and secondarily in the West (especially inCalifornia), these slightly older couplesmove less than any other market. Manycouples have already transitioned toempty nesters; many are still home toadult children. Families own older, single-family homes and maintain their standardof living with dual incomes. Theseconsumers have higher incomes andhome values and much higher net worth.Older homes require upkeep; homeimprovement and remodeling projects area priority--preferably done by contractors.Residents spend their spare timeparticipating in a variety of sports orwatching movies. They shop online and ina variety of stores, from upscale todiscount, and use the Internet largely forfinancial purposes.

Our NeighborhoodSuburban periphery of large metropolitanareas, primarily in Middle Atlantic or Pacificstates.Most homes owned (and mortgaged).Households composed of older married-couplefamilies, more without children under 18, butmany with children over 18 years.Older, single-family homes: two-thirds builtbefore 1970, close to half from 1950 to 1969.One of the lowest percentages of vacanthousing units at 4.7%.Suburban households with 1 or 2 vehicles anda longer travel time to work.

Socioeconomic TraitsEducation: 64% college educated, 34% with abachelor's degree or higher.Low unemployment at 7.8%; higher labor forceparticipation rate at 67%; higher proportion ofHHs with 2 or more workers.Many professionals in finance,information/technology or management.Median household income denotes affluence,with income primarily from salaries, but alsofrom investments or Social Security andretirement income.Not cost-conscious, these consumers willing tospend more for quality and brands they like.Prefer fashion that is classic and timeless asopposed to trendy.Use all types of media equally (newspapers,magazines, radio, Internet, TV).

Market ProfilePrefer imported SUVs, serviced by a gas stationor car dealer.Invest in conservative securities and contributeto charities.Work on home improvement and remodelingprojects, but also hire contractors.Have bundled services (TV/Internet/phone).Access the Internet via fiber optics or cablemodem, on a newer computer, to pay bills,make purchases and track investments.Subscribe to premium channels (HBO,Showtime or Starz) and use video-on-demandto watch TV shows and movies.Enjoy outdoor gardening, going to the beach,visiting theme parks, frequenting museums andattending rock concerts.

An overview of who makes up this segment across the United States

The demographic segmentation shown here can help you understand the lifestyles and life stages of consumers in a market. Data provider Esri classifiesU.S. residential neighborhoods into 67 unique market segments based on socioeconomic and demographic characteristics. Data Source: Esri 2016. UpdateFrequency: Annually.

This is the

#1dominant segmentfor this area

In this area

22.5%of households fallinto this segment

In the United States


About this segment

Pleasantville



4/24/20172 of 17

Who We AreSavvy Suburbanites residents are welleducated, well read and well capitalized.Families include empty nesters and emptynester wannabes, who still have adultchildren at home. Located in olderneighborhoods outside the urban core,their suburban lifestyle includes homeremodeling and gardening plus the activepursuit of sports and exercise. They enjoygood food and wine, plus the amenities ofthe city's cultural events.

Our NeighborhoodEstablished neighborhoods (most builtbetween 1970 and 1990) found in thesuburban periphery of large metropolitanmarkets.Married couples with no children or olderchildren; average household size is 2.83.91% owner occupied; 71% mortgaged.Primarily single-family homes, with a medianvalue of $311,000.Low vacancy rate at 4.5%.

Socioeconomic TraitsEducation: 48.1% college graduates; 76.1%with some college education.Low unemployment at 5.8%; higher labor forceparticipation rate at 68.5% with proportionatelymore two-worker households at 65.4%.Well-connected consumers that appreciatetechnology and make liberal use of it foreverything from shopping and banking tostaying current and communicating.Informed shoppers that do their research priorto purchasing and focus on quality.

Market ProfileResidents prefer late model, family-orientedvehicles: SUVs, minivans, and station wagons.Gardening and home remodeling arepriorities, usually DIY. Riding mowers andpower tools are popular, although they alsohire contractors for the heavy lifting.There is extensive use of housekeeping andpersonal care services.Foodies: They like to cook and prefer natural ororganic products.These investors are financially active, using anumber of resources for informed investing.They are not afraid of debt; many householdscarry first and second mortgages, plus homeequity credit lines.Physically fit, residents actively pursue anumber of sports, from skiing to golf, and investheavily in sports gear and exercise equipment.



This is the


In this area




About this segment

Savvy Suburbanites



4/24/20173 of 17

Who We AreSoccer Moms is an affluent, family-oriented market with a country flavor.Residents are partial to new housingaway from the bustle of the city but closeenough to commute to professional jobcenters. Life in this suburban wildernessoffsets the hectic pace of two workingparents with growing children. They favortime-saving devices, like banking online orhousekeeping services, and family-oriented pursuits.

Our NeighborhoodSoccer Moms residents prefer the suburbanperiphery of metropolitan areas.Predominantly single family, homes are innewer neighborhoods, 36% built in the 1990s,31% built since 2000.Owner-occupied homes have high rate ofmortgages at 74%, and low rate vacancy at5%.Median home value is $226,000.Most households are married couples withchildren; average household size is 2.96.Most households have 2 or 3 vehicles; longtravel time to work including a disproportionatenumber commuting from a different county

Socioeconomic TraitsEducation: 37.7% college graduates; morethan 70% with some college education.Low unemployment at 5.9%; high labor forceparticipation rate at 72%; 2 out of 3households include 2+ workers.Connected, with a host of wireless devices fromiPods to tablets--anything that enablesconvenience, like banking, paying bills or evenshopping online.Well insured and invested in a range of funds,from savings accounts or bonds to stocks.Carry a higher level of debt, including first andsecond mortgages and auto loans

Market ProfileMost households own at least two vehicles; themost popular types are minivans and SUVs.Family-oriented purchases and activitiesdominate, like 4+ televisions, movie purchasesor rentals, children's apparel and toys, andvisits to theme parks or zoos.Outdoor activities and sports are characteristicof life in the suburban periphery, like bicycling,jogging, golfing, boating, and target shooting.Home maintenance services are frequentlycontracted, but these families also like theirgardens and own the tools for minor upkeep,like riding mowers and tillers.



This is the


In this area




About this segment

Soccer Moms



4/24/20174 of 17

Who We AreEnterprising Professionals residents arewell educated and climbing the ladder inSTEM (science, technology, engineeringand mathematics) occupations. Theychange jobs often and therefore choose tolive in condos, townhomes or apartments;many still rent their homes. The market isfast-growing, located in lower-densityneighborhoods of large metro areas.Enterprising Professionals residents arediverse, with Asians making up over one-fifth of the population. This young marketmakes over one and a half times moreincome than the U.S. median,supplementing their income with high-riskinvestments. At home, they enjoy theInternet and TV on high-speedconnections with premier channels andservices.

Our NeighborhoodAlmost half of households are married couples,and 30% are single-person households.Housing is a mixture of suburban single-familyhomes, row homes, and larger mult-iunitstructures.Close to three quarters of the homes were builtafter 1980; 22% are newer, built after 2000.Renters make up nearly half of all households.

Socioeconomic TraitsMedian household income one and a halftimes that of the U.S.Over half hold a bachelor's degree or higher.Early adopters of new technology in hopes ofimpressing peers with new gadgets.Enjoy talking about and giving advice ontechnology.Half have smartphones and use them for news,accessing search engines and maps.Work long hours in front of a computer.Strive to stay youthful and healthy, eat organicand natural foods, run and do yoga.Buy name brands and trendy clothes online.

Market ProfileBuy digital books for tablet reading, along withmagazines and newspapers.Frequent the dry cleaner.Go on business trips, a major part of work.Watch movies and TV with video-on-demandand HDTV over a high-speed connection.Convenience is key--shop at Amazon.com andpick up drugs at the Target pharmacy.Eat out at The Cheesecake Factory and Chick-fil-A; drop by Starbucks for coffee.Leisure activities include gambling, trips tomuseums and the beach.Have health insurance and a 401(k) throughwork.



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Who We AreMarried-couple families occupy well overhalf of these suburban households. MostHome Improvement residences aresingle-family homes that are owneroccupied, with only one-fifth of thehouseholds occupied by renters.Education and diversity levels are similarto the U.S. as a whole. These familiesspend a lot of time on the go and thereforetend to eat out regularly. When at home,weekends are consumed with homeimprovement and remodeling projects.

Our NeighborhoodThese are low-density suburbanneighborhoods.Eight of every 10 homes are traditional single-family dwellings, owner occupied.Majority of the homes were built between 1970and 2000.More than half of the households consist ofmarried-couple families; another 12% includesingle-parent families.

Socioeconomic TraitsHigher participation in the labor force andlower unemployment than US levels; mosthouseholds have 2+ workers.Cautious consumers that do their researchbefore buying, they protect their investments.Typically spend 4-7 hours per weekcommuting, and, therefore, spend significantamounts on car maintenance (performed at adepartment store or auto repair chain store).They are paying off student loans and secondmortgages on homes.They spend heavily on eating out, at both fast-food and family restaurants.They like to work from home, when possible.

Market ProfileEnjoy working on home improvement projectsand watching DIY networks.Make frequent trips to warehouse/club andhome improvement stores in their minivan orSUV.Own a giant screen TV with fiber-opticconnection and premium cable; rent DVDsfrom Redbox or Netflix.Very comfortable with new technology;embrace the convenience of completing taskson a mobile device.Enjoy dining at Chili's, Chick-fil-A and PaneraBread.Frequently buy children's clothes and toys.



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20162021 (Projected)

Total PopulationThis chart shows the total population inan area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually


Population DensityThis chart shows the number of peopleper square mile in an area, comparedwith other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually


Population Change Since 2010This chart shows the percentage changein area's population from 2010 to 2016,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually


Average Household SizeThis chart shows the average householdsize in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

Maryland: Congressional District 5: Population Comparison



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Population Living in FamilyHouseholdsThis chart shows the percentage of anarea’s population that lives in ahousehold with one or more individualsrelated by birth, marriage or adoption,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

Women 2016Men 2016Women 2021 (Projected)Men 2021 (Projected)

Female / Male RatioThis chart shows the ratio of females tomales in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually



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Median AgeThis chart shows the median age in anarea, compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually


Population by AgeThis chart breaks down the population ofan area by age group.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

Maryland: Congressional District 5: Age Comparison



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MarriedUnmarried

Married / Unmarried AdultsRatioThis chart shows the ratio of married tounmarried adults in an area, comparedwith other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

MarriedThis chart shows the number of people inan area who are married, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

Never MarriedThis chart shows the number of people inan area who have never been married,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

WidowedThis chart shows the number of people inan area who are widowed, comparedwith other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

DivorcedThis chart shows the number of people inan area who are divorced, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

Maryland: Congressional District 5: Marital Status Comparison



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Average Household IncomeThis chart shows the average householdincome in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually


Median Household IncomeThis chart shows the median householdincome in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually


Per Capita IncomeThis chart shows per capita income in anarea, compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

Average Disposable IncomeThis chart shows the average disposableincome in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

Maryland: Congressional District 5: Economic Comparison



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Congressional District 5MarylandUSA

Unemployment RateThis chart shows the unemploymenttrend in an area, compared with othergeographies.Data Source: Bureau of Labor Statisticsvia 3DLUpdate Frequency: Monthly

Employment Count byIndustryThis chart shows industries in an areaand the number of people employed ineach category.Data Source: Bureau of Labor Statisticsvia Esri, 2016Update Frequency: Annually



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Less than 9th GradeThis chart shows the percentage ofpeople in an area who have less than aninth grade education, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

Some High SchoolThis chart shows the percentage ofpeople in an area whose highesteducational achievement is some highschool, without graduating or passing ahigh school GED test, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

High School GEDThis chart shows the percentage ofpeople in an area whose highesteducational achievement is passing ahigh school GED test, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

High School GraduateThis chart shows the percentage ofpeople in an area whose highesteducational achievement is high school,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

Some CollegeThis chart shows the percentage ofpeople in an area whose highesteducational achievement is somecollege, without receiving a degree,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

Maryland: Congressional District 5: Education Comparison



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Associate DegreeThis chart shows the percentage ofpeople in an area whose highesteducational achievement is an associatedegree, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

Bachelor's DegreeThis chart shows the percentage ofpeople in an area whose highesteducational achievement is a bachelor'sdegree, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually

Grad/Professional DegreeThis chart shows the percentage ofpeople in an area whose highesteducational achievement is a graduateor professional degree, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2016Update Frequency: Annually



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Median Estimated Home ValueThis chart displays property estimates foran area and a subject property, whereone has been selected. Estimated homevalues are generated by a valuationmodel and are not formal appraisals.Data Source: Valuation calculationsbased on public records and MLS sourceswhere licensedUpdate Frequency: Monthly

12-Month Change in MedianEstimated Home ValueThis chart shows the 12-month change inthe estimated value of all homes in thisarea, the county and the state. Estimatedhome values are generated by avaluation model and are not formalappraisals.Data Source: Valuation calculationsbased on public records and MLS sourceswhere licensedUpdate Frequency: Monthly

Maryland: Congressional District 5: Home Value Comparison



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Best Retail Businesses

This chart shows the types of businesses that consumers are leaving an area to find. The business types represented by blue bars are relatively scarce in the area,so consumers go elsewhere to have their needs met. The orange business types are relatively plentiful in the area, meaning there are existing competitors for thedollars that consumers spend in these categories.Data Source: Retail Marketplace via Esri, 2016Update Frequency: Annually

Indexed Values From -100 to 100



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RPR compiles the data in this report from a variety of sources:• Census data from the U.S. Census American Community Survey,provided by data partner 3DL• Demographic data known as Tapestry Segmentation, provided by datapartner Esri. Tapestry classifies U.S. residential neighborhoods into uniquemarket segments based on socioeconomic and demographiccharacteristics.• Valuation calculations are based on public records and MLS sourceswhere licensed

• Retail Marketplace data shown in the Best Businesses analysis isprovided by data partner Esri. This analysis compares supply and demandfor specific retail products. The results are presented as the gap betweenthe two in a location.

Most data types in this report are refreshed on an annual basis. The U.S.Census source dates are shown with each chart. The Esri Tapestry Segmentdata is 2016. The home valuation information is refreshed monthly.

About RPR

What is RPR?Comprehensive data, powerful analytics and dynamic reports for members of the National Association of REALTORS®

100% Owned by REALTORS®Created by NAR for the sole purpose of providing REALTORS® with the data they need to meet the demands of their clients.

Learn MoreFor more information about RPR and our programming, please visit our public website:http://blog.narrpr.com

About Our Data

Realtors Property Resource® is a wholly owned subsidiary of the NationalAssociation of REALTORS® provided exclusively to its members. This report hasbeen provided to you as a public service by a member of NAR.



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