Annapolis, Maryland Housing Market Prices
Annapolis Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 110% above the Maryland median$561,733
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Median rent 10% above the Maryland median$1,875
Housing Market Overview
| Metric | Annapolis | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $561,733 | $267,101 | $248,835 |
| Price Trend (Annual %) | 8.5% | 3.4% | 7.5% |
| Median Gross Rent | $1,875 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Annapolis is about 110% higher than in Maryland. Rent is about 10% higher than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Annapolis, up about 8.5% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Annapolis rose about 28.6% between 2015 and 2024, from $1,458 to $1,875. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Annapolis.
Buying the median-priced home in Annapolis costs roughly 25.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Annapolis. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Annapolis | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $561,733 | $267,101 | $248,835 |
| Median Household Income | $119,079 | $103,916 | $80,455 |
| Price-to-Income Ratio | 4.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Annapolis rose about 74.4%, while median household income rose about 50.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Annapolis | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.5% | 62.4% | 58.5% |
| Rental Rate | 32.8% | 29.9% | 31.2% |
| Vacancy Rate | 8.7% | 7.7% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Annapolis has a homeownership rate of 58.5%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 8.7%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Annapolis | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1971 | 1977 | 1978 |
| Median Number of Rooms | 5.7 | 6.2 | 5.5 |
The typical housing unit in Annapolis was built around 1971. On average, 2.2 people live in a home with about 5.7 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Annapolis, Maryland.
What is the median home price in Annapolis, Maryland?
The median home price in Annapolis, Maryland is $561,733, higher than the Maryland average of $267,101.
What is the average home price in Annapolis, Maryland?
The typical home price in Annapolis, Maryland, reported as the median sale price, is $561,733. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Annapolis, Maryland?
The median gross rent in Annapolis, Maryland is $1,875 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Annapolis in 2020?
In 2020, the median gross rent in Annapolis, Maryland was $1,490 per month.
What is the price-to-rent ratio in Annapolis, Maryland?
The price-to-rent ratio in Annapolis, Maryland is about 25.0, meaning it would take roughly 25.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Annapolis.
Are home prices or rent rising faster in Annapolis, Maryland?
Both home prices and rent are rising in Annapolis, up about 8.5% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Annapolis, Maryland?
58.5% of households in Annapolis, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Annapolis, Maryland?
The housing vacancy rate in Annapolis, Maryland is 8.7%, higher than the Maryland average of 7.7%.
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