Charlestown, MD
Population 2,037 · Maryland
About Charlestown, MD
Charlestown is a small town located in Maryland with a population of 2,037 residents according to the latest US Census Bureau American Community Survey data. The median household income is $109,650 per year, which is 46% above the national median of $75,149. The median age of 38.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Charlestown features a median home value of $361,300, which is 48% above the national median of $244,900. This positions Charlestown in a moderately priced market relative to the rest of the country. Median monthly rent is $1,548, 33% above the national average of $1,163/month. Of the 794 total housing units, 87% are owner-occupied (634 units) and 13% are renter-occupied (97 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Charlestown shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Charlestown have an average one-way commute time of 30 minutes.
Education & Demographics
38.2% of Charlestown residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.2% White, 0.4% Hispanic or Latino, 3.7% Black or African American, and 1.6% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Charlestown, MD
Compared to national averages, Charlestown has a median household income of $109,650 (46% above the national median of $75,149). Home values average $361,300, which is 48% above the national median. Monthly rent at $1,548 is 33% above the US average of $1,163. Within Maryland, Charlestown's income is 2% above the state average of $107,956, and home values are 10% below the state median of $402,447.
Why Live in Charlestown, MD?
Charlestown offers a strong local economy with a median household income of $109,650, well above the national average, and a strong job market with an unemployment rate of just 2.9%, and a well-educated community where 38.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.1%, better than the national average.
Charlestown has a population of 2,037 with a median age of 38.2 years. Compare Charlestown with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Charlestown
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pittsville | 2,034 | $73,441 | $206,800 | Compare |
| Mountain Lake Park | 2,033 | $58,418 | $199,200 | Compare |
| Oakland | 2,043 | $59,904 | $247,100 | Compare |
| Queensland | 2,066 | $173,500 | $489,800 | Compare |
| Landover Hills | 1,996 | $91,250 | $333,500 | Compare |
| Long Beach | 1,981 | $137,969 | $391,300 | Compare |
| Cabin John | 2,096 | $222,500 | $1,293,900 | Compare |
| Baden | 1,968 | $146,486 | $554,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Charlestown With Other Cities
Frequently Asked Questions about Charlestown
What is the population of Charlestown, MD?
The population of Charlestown, MD is 2,037 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maryland.
What is the median household income in Charlestown?
The median household income in Charlestown, MD is $109,650 per year, which is 46% above the national median of $75,149.
What is the median home value in Charlestown?
The median home value in Charlestown, MD is $361,300, which is 48% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Charlestown?
The median monthly rent in Charlestown, MD is $1,548, which is 33% above the national average of $1,163/month.
What is the unemployment rate in Charlestown?
The unemployment rate in Charlestown, MD is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Charlestown, MD a good place to live?
Charlestown offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,037 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is Charlestown, MD?
38.2% of residents in Charlestown aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Charlestown?
Key cost-of-living indicators for Charlestown, MD: median home value is $361,300 (48% above national), median rent is $1,548/month, and median household income is $109,650. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Charlestown?
The poverty rate in Charlestown, MD is 8.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Charlestown, MD?
Charlestown's population is 0.2% White, 0.4% Hispanic or Latino, 3.7% Black or African American, 1.6% Asian, and 3.5% two or more races. 0.7% of residents are foreign-born.