42 Unit SFR Portfolio - Fastest Growing City in Maryland

Salisbury, Maryland, serves as the economic and cultural hub of the Eastern Shore, boasting a strategic location along the Delmarva Peninsula. As the largest city in Maryland’s Eastern Shore region, Salisbury has experienced steady population growth and economic expansion in recent years. According to the U.S. Census Bureau, Salisbury’s metropolitan area has grown due to its affordability, business-friendly environment, and increasing job opportunities. The city has a population of approximately 33,000 residents, with the greater Salisbury metropolitan area, including Wicomico County, exceeding 100,000 people. Economic development in Salisbury is driven by a diverse mix of industries, including healthcare, education, manufacturing, retail, and logistics. TidalHealth Peninsula Regional, the largest hospital on the Eastern Shore, is one of the city’s major employers, providing a strong foundation for the healthcare sector. Salisbury University, a key institution in the region, contributes not only to education but also to workforce development and innovation. The university’s presence has helped foster a skilled labor pool, attracting businesses seeking talent in fields such as business, healthcare, and information technology. Manufacturing and distribution also play a crucial role in Salisbury’s economy. The city is home to Perdue Farms, a leading agribusiness company that has significantly impacted job creation and economic stability in the region. Salisbury’s strategic location near major highways, rail networks, and the Port of Baltimore makes it an attractive site for logistics and distribution operations. The Salisbury-Ocean City Wicomico Regional Airport further enhances the city’s connectivity, supporting business and tourism growth. In recent years, the city has invested in revitalization efforts, including the redevelopment of Downtown Salisbury. Public and private investments have transformed the downtown area into a vibrant district featuring new residential developments, retail spaces, and cultural attractions. This revitalization has attracted young professionals and families seeking an urban lifestyle with a lower cost of living compared to larger metropolitan areas. Population growth in Salisbury has been steady, with the region drawing new residents due to its economic opportunities and quality of life. The city has also become a hub for small businesses and startups, supported by economic development initiatives from the Salisbury Area Chamber of Commerce and other local organizations. Overall, Salisbury, MD, continues to grow as a dynamic regional center with expanding economic opportunities, infrastructure investments, and a rising population, making it an attractive destination for businesses and residents alike.