Naval Academy, MD
Population 1,592 · Maryland
About Naval Academy, MD
Naval Academy is a small town located in Maryland with a population of 1,592 residents according to the latest US Census Bureau American Community Survey data. The median household income is $120,347 per year, which is 60% above the national median of $75,149. The median age of 21.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Naval Academy features a median home value of $0, which is 100% below the national median of $244,900. This makes Naval Academy one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $2,715, 133% above the national average of $1,163/month. Of the 176 total housing units, 0% are owner-occupied (0 units) and 100% are renter-occupied (149 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Naval Academy shows an unemployment rate of 2.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Naval Academy have an average one-way commute time of 9 minutes, one of the shorter commutes in the region.
Education & Demographics
32.9% of Naval Academy 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 8.4% White, 2.7% Hispanic or Latino, 4.1% Black or African American, and 8.3% Asian residents, with 4.3% of the population being foreign-born.
Cost of Living in Naval Academy, MD
Compared to national averages, Naval Academy has a median household income of $120,347 (60% above the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $2,715 is 133% above the US average of $1,163. Within Maryland, Naval Academy's income is 11% above the state average of $107,956, and home values are 100% below the state median of $402,447.
Why Live in Naval Academy, MD?
Naval Academy offers a strong local economy with a median household income of $120,347, well above the national average, and affordable housing with a median home value of $0, below the US average of $244,900, and a strong job market with an unemployment rate of just 2.6%. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 9 minutes.
Naval Academy has a population of 1,592 with a median age of 21.8 years. Compare Naval Academy with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Naval Academy
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Market | 1,588 | $198,080 | $607,700 | Compare |
| Colmar Manor | 1,579 | $104,074 | $359,200 | Compare |
| Wilson-Conococheague | 1,614 | $60,258 | $225,300 | Compare |
| Mechanicsville | 1,521 | $115,556 | $425,500 | Compare |
| Ridgely | 1,685 | $64,432 | $236,000 | Compare |
| Arden on the Severn | 1,691 | $117,188 | $475,600 | Compare |
| Crownsville | 1,701 | $146,486 | $885,600 | Compare |
| Romancoke | 1,705 | $118,077 | $397,200 | 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 Naval Academy With Other Cities
Frequently Asked Questions about Naval Academy
What is the population of Naval Academy, MD?
The population of Naval Academy, MD is 1,592 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 Naval Academy?
The median household income in Naval Academy, MD is $120,347 per year, which is 60% above the national median of $75,149.
What is the median home value in Naval Academy?
The median home value in Naval Academy, MD is $0, which is 100% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Naval Academy?
The median monthly rent in Naval Academy, MD is $2,715, which is 133% above the national average of $1,163/month.
What is the unemployment rate in Naval Academy?
The unemployment rate in Naval Academy, MD is 2.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Naval Academy, MD a good place to live?
Naval Academy offers above-average incomes, affordable housing, and a strong job market. With a population of 1,592 and a median age of 21.8, the city appeals to young professionals and families.
How educated is Naval Academy, MD?
32.9% of residents in Naval Academy aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Naval Academy?
Key cost-of-living indicators for Naval Academy, MD: median home value is $0 (100% below national), median rent is $2,715/month, and median household income is $120,347. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Naval Academy?
The poverty rate in Naval Academy, MD is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Naval Academy, MD?
Naval Academy's population is 8.4% White, 2.7% Hispanic or Latino, 4.1% Black or African American, 8.3% Asian, and 11.0% two or more races. 4.3% of residents are foreign-born.