Housing Market Overview
Housing market data including home prices, rent costs, affordability metrics, and housing stock characteristics.
$544,173
$1,909
Housing Market Overview
| Metric | Aspen Hill | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $544,173 | $285,029 | $242,182 |
| Price Trend (Annual %) | 8.9% | 4.8% | 8.2% |
| Median Gross Rent | $1,909 | $1,661 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Housing Cost & Rent Trends
Median Home Price Over Time
Aspen Hill
Maryland
United States
Median Rent Over Time
Aspen Hill
Maryland
United States
Affordability
On average, housing unit costs 4.8 yearly household incomes in Aspen Hill.
| Metric | Aspen Hill | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $544,173 | $285,029 | $242,182 |
| Median Household Income | $113,701 | $101,971 | $78,145 |
| Price-to-Income Ratio | 4.8 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Home Prices
Household Income
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Household Income Growth %
Housing Cost Growth %
Occupancy & Tenure
| Metric | Aspen Hill | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.1% | 62.0% | 58.2% |
| Rental Rate | 33.8% | 29.9% | 31.3% |
| Vacancy Rate | 3.1% | 8.1% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Housing Stock
| Metric | Aspen Hill | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.01 people | 2.58 people | 2.54 people |
| Median Structure Built Year | 1972 | 1977 | 1978 |
| Median Number of Rooms | 6.2 | 6.2 | 5.5 |