Ballenger Creek, Maryland Housing Market Prices
Ballenger Creek 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 68% above the Maryland median$449,951
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Median rent 12% above the Maryland median$1,914
Housing Market Overview
| Metric | Ballenger Creek | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,951 | $267,101 | $248,835 |
| Price Trend (Annual %) | 24.8% | 3.4% | 7.5% |
| Median Gross Rent | $1,914 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ballenger Creek is about 68% higher than in Maryland. Rent is about 12% 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 Ballenger Creek, up about 24.8% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Ballenger Creek rose about 27.9% between 2015 and 2024, from $1,497 to $1,914. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Ballenger Creek.
Buying the median-priced home in Ballenger Creek costs roughly 19.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ballenger Creek. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Ballenger Creek | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,951 | $267,101 | $248,835 |
| Median Household Income | $108,794 | $103,916 | $80,455 |
| Price-to-Income Ratio | 4.1 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ballenger Creek rose about 223.2%, while median household income rose about 46.1% 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 | Ballenger Creek | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.0% | 62.4% | 58.5% |
| Rental Rate | 34.6% | 29.9% | 31.2% |
| Vacancy Rate | 2.5% | 7.7% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Ballenger Creek has a homeownership rate of 63.0%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 2.5%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Ballenger Creek | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1999 | 1977 | 1978 |
| Median Number of Rooms | 5.5 | 6.2 | 5.5 |
The typical housing unit in Ballenger Creek was built around 1999. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 10.0 years on average.
Ballenger Creek, MD Housing Compared With Nearby Cities
How Ballenger Creek, MD compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ballenger Creek, MD | 22,962 | $449,951 #2/2 | $1,914 #1/2 | 64.5% #1/2 |
| Frederick, MD | 76,727 | $451,582 | $1,726 | 59.6% |
Frequently Asked Questions
Common questions about the housing market in Ballenger Creek, Maryland.
What is the median home price in Ballenger Creek, Maryland?
The median home price in Ballenger Creek, Maryland is $449,951, higher than the Maryland average of $267,101.
What is the average home price in Ballenger Creek, Maryland?
The typical home price in Ballenger Creek, Maryland, reported as the median sale price, is $449,951. 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 Ballenger Creek, Maryland?
The median gross rent in Ballenger Creek, Maryland is $1,914 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Ballenger Creek in 2020?
In 2020, the median gross rent in Ballenger Creek, Maryland was $1,599 per month.
What is the price-to-rent ratio in Ballenger Creek, Maryland?
The price-to-rent ratio in Ballenger Creek, Maryland is about 19.6, meaning it would take roughly 19.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ballenger Creek.
Are home prices or rent rising faster in Ballenger Creek, Maryland?
Both home prices and rent are rising in Ballenger Creek, up about 24.8% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ballenger Creek, Maryland?
63.0% of households in Ballenger Creek, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Ballenger Creek, Maryland?
The housing vacancy rate in Ballenger Creek, Maryland is 2.5%, lower than the Maryland average of 7.7%.
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