Dundalk, Maryland Housing Market Prices
Dundalk 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 33% below the Maryland median$177,834
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Median rent 12% below the Maryland median$1,497
Housing Market Overview
| Metric | Dundalk | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,834 | $267,101 | $248,835 |
| Price Trend (Annual %) | 2.6% | 3.4% | 7.5% |
| Median Gross Rent | $1,497 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dundalk is about 33% lower than in Maryland. Rent is about 12% 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 Dundalk, up about 2.6% and 4.5% a year respectively. Rent is changing faster.
Median rent in Dundalk rose about 48.2% between 2015 and 2024, from $1,010 to $1,497. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Dundalk.
Buying the median-priced home in Dundalk costs roughly 9.9 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 Dundalk. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Dundalk | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,834 | $267,101 | $248,835 |
| Median Household Income | $66,657 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Dundalk rose about 44.8%, while median household income rose about 40.1% 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 | Dundalk | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.5% | 62.4% | 58.5% |
| Rental Rate | 32.6% | 29.9% | 31.2% |
| Vacancy Rate | 4.9% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Dundalk has a homeownership rate of 62.5%, about the same as the Maryland average of 62.4%. Its housing vacancy rate is 4.9%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Dundalk | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1957 | 1977 | 1978 |
| Median Number of Rooms | 6.0 | 6.2 | 5.5 |
The typical housing unit in Dundalk was built around 1957. On average, 2.6 people live in a home with about 6.0 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dundalk, Maryland.
What is the median home price in Dundalk, Maryland?
The median home price in Dundalk, Maryland is $177,834, lower than the Maryland average of $267,101.
What is the average home price in Dundalk, Maryland?
The typical home price in Dundalk, Maryland, reported as the median sale price, is $177,834. 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 Dundalk, Maryland?
The median gross rent in Dundalk, Maryland is $1,497 per month, lower than the Maryland average of $1,704.
What was the median gross rent in Dundalk in 2020?
In 2020, the median gross rent in Dundalk, Maryland was $1,202 per month.
What is the price-to-rent ratio in Dundalk, Maryland?
The price-to-rent ratio in Dundalk, Maryland is about 9.9, meaning it would take roughly 9.9 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 Dundalk.
Are home prices or rent rising faster in Dundalk, Maryland?
Both home prices and rent are rising in Dundalk, up about 2.6% and 4.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Dundalk, Maryland?
62.5% of households in Dundalk, Maryland own their home, about the same as the Maryland average.
What is the vacancy rate in Dundalk, Maryland?
The housing vacancy rate in Dundalk, Maryland is 4.9%, lower than the Maryland average of 7.7%.
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