As the capital of Maryland, Annapolis benefits from a steady stream of government-related employment and institutional support. Top employers in the area include the U.S. Naval Academy, which brings in many students and faculty, and the state government, which helps to provide a stable economic foundation. And, Washington, D.C. is less than an hour's drive away, which expands its economic appeal.
Residents enjoy a mix of outdoor recreational opportunities, including sailing, fishing, and waterfront parks. Neighborhoods like Eastport are renowned for their waterfront properties and lively community events, while areas like The Downs provide a more suburban feel. The presence of well-maintained historic neighborhoods, such as the historic district and Murray Hill, adds to the city's appeal, providing both charm and stability in property values.
The city's historic sites, such as the Maryland State House and the U.S. Naval Academy, draw tourists and history enthusiasts. Events like the Annapolis Boat Show and various seasonal festivals also bolster local commerce and attract visitors. The combination of these attractions, coupled with Annapolis's overall charm and economic stability, makes it a prime location for real estate investment.