Edgewood, Maryland Housing Market Prices
Edgewood 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 18% below the Maryland median$218,829
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Median rent 18% below the Maryland median$1,397
Housing Market Overview
| Metric | Edgewood | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,829 | $267,101 | $248,835 |
| Price Trend (Annual %) | 3.2% | 3.4% | 7.5% |
| Median Gross Rent | $1,397 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Edgewood is about 18% lower than in Maryland. Rent is about 18% 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 Edgewood, up about 3.2% and 3.9% a year respectively. Rent is changing faster.
Median rent in Edgewood rose about 33.5% between 2015 and 2024, from $1,046 to $1,397. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Edgewood.
Buying the median-priced home in Edgewood costs roughly 13.1 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 Edgewood. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Edgewood | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,829 | $267,101 | $248,835 |
| Median Household Income | $87,213 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.5 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Edgewood rose about 30.2%, while median household income rose about 45.7% 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 | Edgewood | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.1% | 62.4% | 58.5% |
| Rental Rate | 26.6% | 29.9% | 31.2% |
| Vacancy Rate | 4.3% | 7.7% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Edgewood has a homeownership rate of 69.1%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 4.3%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Edgewood | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1982 | 1977 | 1978 |
| Median Number of Rooms | 6.3 | 6.2 | 5.5 |
The typical housing unit in Edgewood was built around 1982. On average, 2.6 people live in a home with about 6.3 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Edgewood, Maryland.
What is the median home price in Edgewood, Maryland?
The median home price in Edgewood, Maryland is $218,829, lower than the Maryland average of $267,101.
What is the average home price in Edgewood, Maryland?
The typical home price in Edgewood, Maryland, reported as the median sale price, is $218,829. 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 Edgewood, Maryland?
The median gross rent in Edgewood, Maryland is $1,397 per month, lower than the Maryland average of $1,704.
What was the median gross rent in Edgewood in 2020?
In 2020, the median gross rent in Edgewood, Maryland was $1,211 per month.
What is the price-to-rent ratio in Edgewood, Maryland?
The price-to-rent ratio in Edgewood, Maryland is about 13.1, meaning it would take roughly 13.1 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 Edgewood.
Are home prices or rent rising faster in Edgewood, Maryland?
Both home prices and rent are rising in Edgewood, up about 3.2% and 3.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Edgewood, Maryland?
69.1% of households in Edgewood, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Edgewood, Maryland?
The housing vacancy rate in Edgewood, Maryland is 4.3%, lower than the Maryland average of 7.7%.
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