Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Calvert County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $382,333 | $285,029 | $242,182 |
| Price Trend (Annual %) | 5.7% | 4.8% | 8.2% |
| Median Gross Rent | $1,701 | $1,661 | $1,342 |
| Rent Trend (Annual %) | 1.3% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Calvert County is about 34% higher than in Maryland. Rent is about 2% higher than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Calvert County, up about 5.7% and 1.3% a year respectively. Home prices are changing faster.
Median rent in Calvert County rose about 9.3% between 2015 and 2023, from $1,557 to $1,701. Over the same span, rent in Maryland rose about 35.2%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Calvert County.
Buying the median-priced home in Calvert County costs roughly 18.7 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 Calvert County. The price-to-rent ratio in Maryland is about 14.3.
| Metric | Calvert County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $382,333 | $285,029 | $242,182 |
| Median Household Income | $133,034 | $101,971 | $78,145 |
| Price-to-Income Ratio | 2.9 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Calvert County rose about 69.9%, while median household income rose about 42.5% between 2009 and 2023 — 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 | Calvert County | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 81.2% | 62.0% | 58.2% |
| Rental Rate | 12.0% | 29.9% | 31.3% |
| Vacancy Rate | 6.9% | 8.1% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Calvert County has a homeownership rate of 81.2%, higher than the Maryland average of 62.0%. Its housing vacancy rate is 6.9%, compared with 8.1% in Maryland.
Housing Stock
| Metric | Calvert County | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.75 people | 2.58 people | 2.54 people |
| Median Structure Built Year | 1988 | 1977 | 1978 |
| Median Number of Rooms | 7.3 | 6.2 | 5.5 |
The typical housing unit in Calvert County was built around 1988. On average, 2.7 people live in a home with about 7.3 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Calvert County, Maryland.
What is the median home price in Calvert County, Maryland?
The median home price in Calvert County, Maryland is $382,333, higher than the Maryland average of $285,029.
What is the average home price in Calvert County, Maryland?
The typical home price in %s, reported as the median sale price, is %s. 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 Calvert County, Maryland?
The median gross rent in Calvert County, Maryland is $1,701 per month, higher than the Maryland average of $1,661.
What was the median gross rent in Calvert County in 2020?
In 2020, the median gross rent in Calvert County, Maryland was $1,460 per month.
What is the price-to-rent ratio in Calvert County, Maryland?
The price-to-rent ratio in Calvert County, Maryland is about 18.7, meaning it would take roughly 18.7 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 Calvert County.
Are home prices or rent rising faster in Calvert County, Maryland?
Both home prices and rent are rising in Calvert County, up about 5.7% and 1.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Calvert County, Maryland?
81.2% of households in Calvert County, Maryland own their home, higher than the Maryland average of 62.0%.
What is the vacancy rate in Calvert County, Maryland?
The housing vacancy rate in Calvert County, Maryland is 6.9%, lower than the Maryland average of 8.1%.