Eldersburg, Maryland Housing Market Prices
Eldersburg 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 189% above the Maryland median$773,240
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Median rent 1% below the Maryland median$1,693
Housing Market Overview
| Metric | Eldersburg | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $773,240 | $267,101 | $248,835 |
| Price Trend (Annual %) | 20.5% | 3.4% | 7.5% |
| Median Gross Rent | $1,693 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Eldersburg is about 189% higher than in Maryland. Rent is about 1% 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 Eldersburg, up about 20.5% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Eldersburg rose about 55.6% between 2015 and 2024, from $1,088 to $1,693. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in Eldersburg.
Buying the median-priced home in Eldersburg costs roughly 38.1 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 Eldersburg. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Eldersburg | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $773,240 | $267,101 | $248,835 |
| Median Household Income | $141,884 | $103,916 | $80,455 |
| Price-to-Income Ratio | 5.4 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Eldersburg rose about 258.2%, while median household income rose about 43.8% 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 | Eldersburg | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 85.6% | 62.4% | 58.5% |
| Rental Rate | 11.7% | 29.9% | 31.2% |
| Vacancy Rate | 2.7% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Eldersburg has a homeownership rate of 85.6%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 2.7%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Eldersburg | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1988 | 1977 | 1978 |
| Median Number of Rooms | 7.7 | 6.2 | 5.5 |
The typical housing unit in Eldersburg was built around 1988. On average, 2.8 people live in a home with about 7.7 rooms, staying for about 16.0 years on average.
Eldersburg, MD Housing Compared With Nearby Cities
How Eldersburg, MD compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Eldersburg, MD | 30,884 | $773,240 #1/3 | $1,693 #2/3 | 88.0% #1/3 |
| Reisterstown, MD | 25,579 | $300,707 | $1,600 | 66.2% |
| Owings Mills, MD | 38,773 | $326,093 | $1,830 | 51.6% |
Frequently Asked Questions
Common questions about the housing market in Eldersburg, Maryland.
What is the median home price in Eldersburg, Maryland?
The median home price in Eldersburg, Maryland is $773,240, higher than the Maryland average of $267,101.
What is the average home price in Eldersburg, Maryland?
The typical home price in Eldersburg, Maryland, reported as the median sale price, is $773,240. 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 Eldersburg, Maryland?
The median gross rent in Eldersburg, Maryland is $1,693 per month, lower than the Maryland average of $1,704.
What was the median gross rent in Eldersburg in 2020?
In 2020, the median gross rent in Eldersburg, Maryland was $1,338 per month.
What is the price-to-rent ratio in Eldersburg, Maryland?
The price-to-rent ratio in Eldersburg, Maryland is about 38.1, meaning it would take roughly 38.1 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 Eldersburg.
Are home prices or rent rising faster in Eldersburg, Maryland?
Both home prices and rent are rising in Eldersburg, up about 20.5% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Eldersburg, Maryland?
85.6% of households in Eldersburg, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Eldersburg, Maryland?
The housing vacancy rate in Eldersburg, Maryland is 2.7%, lower than the Maryland average of 7.7%.
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