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Princess Anne, MD Profile: Facts & Data

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Princess Anne, Maryland - Basic Facts

The Town of Princess Anne had a population of 3,454 as of July 1, 2024.

The primary coordinate point for Princess Anne is located at latitude 38.2029 and longitude -75.6924 in Somerset County. The formal boundaries for the Town of Princess Anne encompass a land area of 1.67 sq. miles and a water area of 0.02 sq. miles. Somerset County is in the Eastern time zone (GMT -5).

The Town of Princess Anne 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.

The Town of Princess Anne is located within District 15, East Princess Anne, a minor civil division (MCD) of Somerset County.


Jump to... (On This Page!)
  1. Princess Anne 2024 Demographic Data
  2. Growth Rates for Princess Anne (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Maryland Research Tools (Easy Tools & Current Data)
  3. Maryland Data Comparison Tool - 2024 Demographics
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Princess Anne, MD Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 3,454 (100%)
Population in Households 3,420 (99.0%)
Population in Families 2,496 (72.3%)
Population in Group Quarters1 34 ( 1.0%)
Population Density 2,068
Diversity Index2 57
 
 

INCOME

Median Household Income $32,633
Average Household Income $47,748
% of Income for Mortgage4 28%
Per Capita Income $19,113
Wealth Index5 28
Socioeconomic Status Index6 Low (33.6)
 

HOUSING

Total HU (Housing Units) 1,879 (100%)
Owner Occupied HU 486 (25.9%)
Renter Occupied HU 895 (47.6%)
Vacant Housing Units 498 (26.5%)
Median Home Value $145,833
Average Home Value $205,916
Housing Affordability Index3 88
 

HOUSEHOLDS

Total Households 1,381
Average Household Size 2.48
Family Households 749
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population 0.05% 0.05%
Households -0.20% 0.04%
Families   -0.51%
Median Household Income   2.23%
Per Capita Income   2.15%
Owner Occupied HU   1.13%

Princess Anne, MD - Peer Comparisons by Rank and Percentile

The table below compares Princess Anne to the other 536 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2024 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.

Variable Description Rank Percentile
Total Population # 240 55th
Population Density # 195 64th
Median Household Income # 535 0th
Housing Affordability Index # 277 52nd
Per Capita Income # 530 1st
Diversity Index # 194 64th

Additional comparisons and rankings can be made with a VERY EASY TO USE Maryland Census Data Comparison Tool.

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