Caroline County, MD

Home values #

Typical home $330,127 (Aug 2026), +0.7% over one year, +15.5% over five

• 75th pct · 738th of 3,063 US counties · median $234,566
• 26th pct · 18th of 24 Maryland counties · median $420,593

Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.

Rents #

Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)

• US counties: not published this period
• Maryland counties: not published this period

Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).

What the typical home costs to carry #

Principal and interest of $1,807 a month on $330,127 at 7.28%, against an average weekly wage worth $4,559 a month: 39.6% of one job’s pay.

• payment = P·r / (1 − (1+r)^−n), P = $330,127 × 80% = $264,102, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,807/mo principal and interest
• wage share = payment / (avg weekly wage $1,052 × 52 / 12 = $4,559) = 40% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
• years of wages = $330,127 / ($1,052 × 52) = 6.0

The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.

Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.

Jobs & wages #

8,734 jobs at 741 employers (2026 Q1); -1.5% jobs and +2.3% average weekly wage over the year

• 51st pct · 1,551st of 3,221 US counties · median 8,232
• 8th pct · 22nd of 24 Maryland counties · median 44,580

BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.

Drought #

D1 moderate drought

Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.

US Drought Monitor current week; the highest class of any polygon containing the point.

Reservoirs #

1 USGS reservoir gauges, no capacity figures to weight

Sites found: 1, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.

Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.

Stream gauges #

73 gauges · 0 flooding · 23 with quality panels averaging 77 % · 43 stale

Sites found: 73, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.

Groundwater #

69 wells in 0 named aquifers:

Sites found: 69, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.

Water stress #

low (0.24)

Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.25 + 0.2×0.23 / 0.55

Banks & federal dollars #

$591.7 m in deposits at 9 offices of 5 banks (SOD June 2026); HHI 2,903, highly concentrated. $217.4 m federal obligations in FY2026 (direct payments $200.8 m, grants $16.5 m), $24,895 per covered job

Deposit concentration is 2,903 across 5 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.

HHI = Σ (share %)² over 5 banks with deposits in the county = 39.4² + 30.6² + 18.6² + … (2 more) = 2,903

FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.

Federal obligations #

USAspending place-of-performance obligations for FY2026, by awarding agency.

That is $24,895 per covered job, against 8,734 jobs in the 2026 Q1 QCEW quarter.

per job = FY2026 obligations $217.4 m / 8,734 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $24,895

USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.

National context, not this county #

These are United States, single-gauge, single-state and port series. None of them is keyed to this county.

The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.

What changed #

Caroline County, MD: 10 findings, 4 at a watch level and 6 noted

1. watchCaroline County, MD's covered employment is -1.5% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

   Period 2026 Q1.
   Show the arithmetic

   • test: jobs.yoy.emp = -1.5 < 0

   BLS QCEW over-the-year percent change, as published; not an official level

2. watchCaroline County, MD's typical home value of $330,127 scores 76 on the 0-to-100 scale across US counties but 26 across Maryland counties, a gap of 50 points.

   Period 2026-08.
   Show the arithmetic

   • 50 = |76 across US counties - 26 across Maryland counties|

   position among the entities that published this metric this period; not an official level

3. watchCaroline County, MD's average weekly wage of $1,052 scores 53 on the 0-to-100 scale across US counties but 9 across Maryland counties, a gap of 44 points.

   Period 2026 Q1.
   Show the arithmetic

   • 44 = |53 across US counties - 9 across Maryland counties|

   position among the entities that published this metric this period; not an official level

4. watchCaroline County, MD's covered employment of 8,734 scores 52 on the 0-to-100 scale across US counties but 9 across Maryland counties, a gap of 43 points.

   Period 2026 Q1.
   Show the arithmetic

   • 43 = |52 across US counties - 9 across Maryland counties|

   position among the entities that published this metric this period; not an official level

5. noteCaroline County, MD's average weekly wage was 2.3% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

   Period 2026 Q1.
   Show the arithmetic

   • +2.3 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
   • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

   BLS QCEW over-the-year percent change, as published

Read all 10 findings in the full brief

Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.