Bel Air South, Maryland Housing Market Prices
Bel Air South 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 55% above the Maryland median$413,331
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Median rent 2% above the Maryland median$1,732
Housing Market Overview
| Metric | Bel Air South | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $413,331 | $267,101 | $248,835 |
| Price Trend (Annual %) | 16.2% | 3.4% | 7.5% |
| Median Gross Rent | $1,732 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bel Air South is about 55% higher than in Maryland. Rent is about 2% 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 Bel Air South, up about 16.2% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Bel Air South rose about 43.2% between 2015 and 2024, from $1,209 to $1,732. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Bel Air South.
Buying the median-priced home in Bel Air South costs roughly 19.9 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 Bel Air South. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Bel Air South | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $413,331 | $267,101 | $248,835 |
| Median Household Income | $120,950 | $103,916 | $80,455 |
| Price-to-Income Ratio | 3.4 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bel Air South rose about 132.1%, while median household income rose about 38.1% 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 | Bel Air South | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.4% | 62.4% | 58.5% |
| Rental Rate | 20.2% | 29.9% | 31.2% |
| Vacancy Rate | 2.5% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Bel Air South has a homeownership rate of 77.4%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 2.5%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Bel Air South | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1991 | 1977 | 1978 |
| Median Number of Rooms | 7.0 | 6.2 | 5.5 |
The typical housing unit in Bel Air South was built around 1991. On average, 2.6 people live in a home with about 7.0 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bel Air South, Maryland.
What is the median home price in Bel Air South, Maryland?
The median home price in Bel Air South, Maryland is $413,331, higher than the Maryland average of $267,101.
What is the average home price in Bel Air South, Maryland?
The typical home price in Bel Air South, Maryland, reported as the median sale price, is $413,331. 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 Bel Air South, Maryland?
The median gross rent in Bel Air South, Maryland is $1,732 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Bel Air South in 2020?
In 2020, the median gross rent in Bel Air South, Maryland was $1,344 per month.
What is the price-to-rent ratio in Bel Air South, Maryland?
The price-to-rent ratio in Bel Air South, Maryland is about 19.9, meaning it would take roughly 19.9 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 Bel Air South.
Are home prices or rent rising faster in Bel Air South, Maryland?
Both home prices and rent are rising in Bel Air South, up about 16.2% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bel Air South, Maryland?
77.4% of households in Bel Air South, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Bel Air South, Maryland?
The housing vacancy rate in Bel Air South, Maryland is 2.5%, lower than the Maryland average of 7.7%.
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