Sharptown, MD Profile: Facts & Data

The Town of Sharptown had a population of 692 as of July 1, 2023. Sharptown ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Maryland. See peer rankings below.

The primary coordinate point for Sharptown is located at latitude 38.5426 and longitude -75.7194 in Wicomico County. The formal boundaries for the Town of Sharptown encompass a land area of 0.41 sq. miles and a water area of 0.05 sq. miles. Wicomico County is in the Eastern time zone (GMT -5).

The Town of Sharptown has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Sharptown, MD Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	692 (100%)
Population in Households	692 (100.0%)
Population in Families	570 (82.4%)
Population in Group Quarters¹	0
Population Density	1,638
Diversity Index²	25


INCOME
Median Household Income	$73,904
Average Household Income	$83,846
% of Income for Mortgage⁴	16%
Per Capita Income	$34,532
Wealth Index⁵	60
Socioeconomic Status Index⁶	Moderate (59.7)

HOUSING
Total HU (Housing Units)	313 (100%)
Owner Occupied HU	223 (71.2%)
Renter Occupied HU	62 (19.8%)
Vacant Housing Units	28 ( 8.9%)
Median Home Value	$200,962
Average Home Value	$294,731
Housing Affordability Index³	152

HOUSEHOLDS
Total Households	285
Average Household Size	2.43
Family Households	193
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Sharptown, MD - Peer Comparisons by Rank and Percentile

The table below compares Sharptown to the other 536 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	0.04%	-0.53%
Households	-0.11%	-0.35%
Families		-0.31%
Median Household Income		0.07%
Per Capita Income		2.08%
Owner Occupied HU		0.44%

Variable Description	Rank	Percentile
Total Population	# 353	34th
Population Density	# 230	57th
Median Household Income	# 366	32nd
Housing Affordability Index	# 515	96th
Per Capita Income	# 416	23rd
Diversity Index	# 432	20th

Sharptown, MD Profile: Facts & Data

Sharptown, Maryland - Basic Facts

Sharptown, MD Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Sharptown, MD - Peer Comparisons by Rank and Percentile

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