Carney, Maryland Housing Market Prices
Carney 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 60% above the Maryland median$427,955
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Median rent 4% above the Maryland median$1,766
Housing Market Overview
| Metric | Carney | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $427,955 | $267,101 | $248,835 |
| Price Trend (Annual %) | 14.1% | 3.4% | 7.5% |
| Median Gross Rent | $1,766 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carney is about 60% higher than in Maryland. Rent is about 4% 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 Carney, up about 14.1% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Carney rose about 40.9% between 2015 and 2024, from $1,254 to $1,766. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 5.2 yearly household incomes in Carney.
Buying the median-priced home in Carney costs roughly 20.2 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 Carney. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Carney | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $427,955 | $267,101 | $248,835 |
| Median Household Income | $82,605 | $103,916 | $80,455 |
| Price-to-Income Ratio | 5.2 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carney rose about 100.5%, while median household income rose about 26.1% 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 | Carney | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.1% | 62.4% | 58.5% |
| Rental Rate | 39.0% | 29.9% | 31.2% |
| Vacancy Rate | 5.9% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Carney has a homeownership rate of 55.1%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 5.9%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Carney | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1978 | 1977 | 1978 |
| Median Number of Rooms | 6.0 | 6.2 | 5.5 |
The typical housing unit in Carney was built around 1978. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 15.0 years on average.
Carney, MD Housing Compared With Nearby Cities
How Carney, MD compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Carney, MD | 28,224 | $427,955 #1/2 | $1,766 #1/2 | 58.5% #2/2 |
| Parkville, MD | 30,547 | $249,979 | $1,526 | 62.5% |
Frequently Asked Questions
Common questions about the housing market in Carney, Maryland.
What is the median home price in Carney, Maryland?
The median home price in Carney, Maryland is $427,955, higher than the Maryland average of $267,101.
What is the average home price in Carney, Maryland?
The typical home price in Carney, Maryland, reported as the median sale price, is $427,955. 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 Carney, Maryland?
The median gross rent in Carney, Maryland is $1,766 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Carney in 2020?
In 2020, the median gross rent in Carney, Maryland was $1,577 per month.
What is the price-to-rent ratio in Carney, Maryland?
The price-to-rent ratio in Carney, Maryland is about 20.2, meaning it would take roughly 20.2 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 Carney.
Are home prices or rent rising faster in Carney, Maryland?
Both home prices and rent are rising in Carney, up about 14.1% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carney, Maryland?
55.1% of households in Carney, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Carney, Maryland?
The housing vacancy rate in Carney, Maryland is 5.9%, lower than the Maryland average of 7.7%.
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