Home Values

Maryland Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$253,200

  • 5.0% 1-year change
  • 2.5% 1-year forecast

The median home value in Maryland is $253,200. Maryland home values have gone up 5.0% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in Maryland is $163. The median price of homes currently listed in Maryland is $275,000 while the median price of homes that sold is $276,650. The median rent price in Maryland is $1,600.

Foreclosures will be a factor impacting home values in the next several years. In Maryland 3.0 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Maryland is 9.7%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Maryland homeowners underwater on their mortgage is 24.2%.

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Relative ZHVI
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Maryland Market Overview

Data through Sep 30, 2014
  • $253,200 ZHVI
  • 2.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $275,000 Median listing price
  • $276,650 Median sale price
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Maryland Market Health

Data through Sep 30, 2014
  • 1.1/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 101 Average days on Zillow (Aug 31, 2014)
  • 24.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 9.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3 homes Maryland
4 homes United States
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Cities in Maryland

Name Median ZHVI
Annapolis $380,700
Silver Spring $370,300
Columbia $330,500
Name Median ZHVI
Bowie $303,500
Laurel $288,200
Germantown $288,000
Name Median ZHVI
Frederick $252,700
Glen Burnie $229,100
Baltimore $108,100

Listings & Sales

Data through Sep 30, 2014
  • $163 Median list price / sq ft
  • $172 Median sale price / sq ft
  • 41.6% Listings with price cut
23.4%
Sold below listing
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Maryland Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,761 Maryland
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,600 Rent list price
  • $1.35 Rent list price / sq ft
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