Carroll County, Maryland Housing Market Prices
Carroll County 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 66% above the Maryland median Among the 3 most expensive counties in Maryland$443,848
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Median rent 16% below the Maryland median$1,426
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Carroll County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $443,848 | $267,101 | $248,835 |
| Price Trend (Annual %) | 11.9% | 3.4% | 7.5% |
| Median Gross Rent | $1,426 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carroll County is about 66% higher than in Maryland. Rent is about 16% lower 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 Carroll County, up about 11.9% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Carroll County rose about 32.2% between 2015 and 2024, from $1,079 to $1,426. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Carroll County.
Buying the median-priced home in Carroll County costs roughly 25.9 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 Carroll County. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Carroll County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $443,848 | $267,101 | $248,835 |
| Median Household Income | $118,379 | $103,916 | $80,455 |
| Price-to-Income Ratio | 3.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carroll County rose about 111.6%, while median household income rose about 36.9% 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 | Carroll County | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 81.2% | 62.4% | 58.5% |
| Rental Rate | 15.1% | 29.9% | 31.2% |
| Vacancy Rate | 3.7% | 7.7% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Carroll County has a homeownership rate of 81.2%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 3.7%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Carroll County | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1983 | 1977 | 1978 |
| Median Number of Rooms | 7.2 | 6.2 | 5.5 |
The typical housing unit in Carroll County was built around 1983. On average, 2.7 people live in a home with about 7.2 rooms, staying for about 18.0 years on average.
Carroll County, MD Housing Compared With Nearby Counties
Carroll County, MD is the 5th largest of the 6 counties compared here, 175,325 residents against a local median of 336,328. Where Carroll County, MD breaks from the counties next to it is median rent, sitting 20% below the local median of $1,773 at $1,426.
Homeownership tells the same story from another angle: 84.3% against a local median of 71.5%, 18% above it. The one measure here that carries a verdict is homeownership, and at 18% above the local median it puts Carroll County, MD at the better end of the local range. The counties themselves spread $984 on median rent, so Carroll County, MD sits at one end of an already wide local range rather than apart from it. Carroll County, MD has the 5th highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Carroll County, MD | 175,325 | $443,848 #2/6 | $1,426 #5/6 | 84.3% #1/6 |
| Howard County, MD | 336,328 | $444,355 | $2,099 | 71.5% |
| Adams County, PA | 106,097 | $211,932 | $1,114 | 78.9% |
| Frederick County, MD | 287,011 | $429,711 | $1,773 | 77.0% |
| Baltimore County, MD | 850,783 | $326,717 | $1,627 | 66.4% |
| Montgomery County, MD | 1,065,586 | $378,273 | $2,068 | 65.3% |
Frequently Asked Questions
Common questions about the housing market in Carroll County, Maryland.
What is the median home price in Carroll County, Maryland?
The median home price in Carroll County, Maryland is $443,848, higher than the Maryland average of $267,101.
What is the average home price in Carroll County, Maryland?
The typical home price in Carroll County, Maryland, reported as the median sale price, is $443,848. 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 Carroll County, Maryland?
The median gross rent in Carroll County, Maryland is $1,426 per month, lower than the Maryland average of $1,704.
What was the median gross rent in Carroll County in 2020?
In 2020, the median gross rent in Carroll County, Maryland was $1,120 per month.
What is the price-to-rent ratio in Carroll County, Maryland?
The price-to-rent ratio in Carroll County, Maryland is about 25.9, meaning it would take roughly 25.9 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 Carroll County.
Are home prices or rent rising faster in Carroll County, Maryland?
Both home prices and rent are rising in Carroll County, up about 11.9% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carroll County, Maryland?
81.2% of households in Carroll County, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Carroll County, Maryland?
The housing vacancy rate in Carroll County, Maryland is 3.7%, lower than the Maryland average of 7.7%.
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