Crofton, Maryland Housing Market Prices
Crofton 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 10% above the Maryland median$294,809
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Median rent 30% above the Maryland median$2,217
Housing Market Overview
| Metric | Crofton | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $294,809 | $267,101 | $248,835 |
| Price Trend (Annual %) | 4.8% | 3.4% | 7.5% |
| Median Gross Rent | $2,217 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Crofton is about 10% higher than in Maryland. Rent is about 30% 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 Crofton, up about 4.8% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Crofton rose about 28.7% between 2015 and 2024, from $1,722 to $2,217. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Crofton.
Buying the median-priced home in Crofton costs roughly 11.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Crofton. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Crofton | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $294,809 | $267,101 | $248,835 |
| Median Household Income | $150,379 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.0 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Crofton rose about 40.1%, while median household income rose about 45.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Crofton | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.8% | 62.4% | 58.5% |
| Rental Rate | 17.3% | 29.9% | 31.2% |
| Vacancy Rate | 3.0% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Crofton has a homeownership rate of 79.8%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 3.0%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Crofton | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.78 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1989 | 1977 | 1978 |
| Median Number of Rooms | 7.2 | 6.2 | 5.5 |
The typical housing unit in Crofton was built around 1989. On average, 2.8 people live in a home with about 7.2 rooms, staying for about 14.0 years on average.
Crofton, MD Housing Compared With Nearby Cities
How Crofton, MD compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Crofton, MD | 29,546 | $294,809 #3/3 | $2,217 #3/3 | 82.2% #1/3 |
| Odenton, MD | 41,509 | $341,114 | $2,243 | 63.7% |
| Bowie, MD | 47,332 | $476,591 | $2,314 | 82.1% |
Frequently Asked Questions
Common questions about the housing market in Crofton, Maryland.
What is the median home price in Crofton, Maryland?
The median home price in Crofton, Maryland is $294,809, higher than the Maryland average of $267,101.
What is the average home price in Crofton, Maryland?
The typical home price in Crofton, Maryland, reported as the median sale price, is $294,809. 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 Crofton, Maryland?
The median gross rent in Crofton, Maryland is $2,217 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Crofton in 2020?
In 2020, the median gross rent in Crofton, Maryland was $1,903 per month.
What is the price-to-rent ratio in Crofton, Maryland?
The price-to-rent ratio in Crofton, Maryland is about 11.1, meaning it would take roughly 11.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Crofton.
Are home prices or rent rising faster in Crofton, Maryland?
Both home prices and rent are rising in Crofton, up about 4.8% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Crofton, Maryland?
79.8% of households in Crofton, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Crofton, Maryland?
The housing vacancy rate in Crofton, Maryland is 3.0%, lower than the Maryland average of 7.7%.
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