Chillum, Maryland Housing Market Prices
Chillum 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 21% above the Maryland median$322,020
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Median rent About the same as the Maryland median$1,702
Housing Market Overview
| Metric | Chillum | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $322,020 | $267,101 | $248,835 |
| Price Trend (Annual %) | 47.8% | 3.4% | 7.5% |
| Median Gross Rent | $1,702 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chillum is about 21% higher than in Maryland. Rent follows a similar pattern, running close to the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2018-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Chillum, up about 47.8% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Chillum rose about 38.3% between 2015 and 2024, from $1,230 to $1,702. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Chillum.
Buying the median-priced home in Chillum costs roughly 15.8 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 Chillum. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Chillum | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $322,020 | $267,101 | $248,835 |
| Median Household Income | $80,952 | $103,916 | $80,455 |
| Price-to-Income Ratio | 4.0 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2018 and 2024, the median home price in Chillum rose about 337.0%, while median household income rose about 40.5% 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 | Chillum | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.7% | 62.4% | 58.5% |
| Rental Rate | 55.6% | 29.9% | 31.2% |
| Vacancy Rate | 4.7% | 7.7% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Chillum has a homeownership rate of 39.7%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 4.7%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Chillum | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.97 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1964 | 1977 | 1978 |
| Median Number of Rooms | 4.6 | 6.2 | 5.5 |
The typical housing unit in Chillum was built around 1964. On average, 3.0 people live in a home with about 4.6 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Chillum, Maryland.
What is the median home price in Chillum, Maryland?
The median home price in Chillum, Maryland is $322,020, higher than the Maryland average of $267,101.
What is the average home price in Chillum, Maryland?
The typical home price in Chillum, Maryland, reported as the median sale price, is $322,020. 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 Chillum, Maryland?
The median gross rent in Chillum, Maryland is $1,702 per month, about the same as the Maryland average.
What was the median gross rent in Chillum in 2020?
In 2020, the median gross rent in Chillum, Maryland was $1,447 per month.
What is the price-to-rent ratio in Chillum, Maryland?
The price-to-rent ratio in Chillum, Maryland is about 15.8, meaning it would take roughly 15.8 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 Chillum.
Are home prices or rent rising faster in Chillum, Maryland?
Both home prices and rent are rising in Chillum, up about 47.8% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Chillum, Maryland?
39.7% of households in Chillum, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Chillum, Maryland?
The housing vacancy rate in Chillum, Maryland is 4.7%, lower than the Maryland average of 7.7%.
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