Ellicott City, Maryland Housing Market Prices
Ellicott City 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 107% above the Maryland median$553,571
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Median rent 20% above the Maryland median$2,044
Housing Market Overview
| Metric | Ellicott City | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $553,571 | $267,101 | $248,835 |
| Price Trend (Annual %) | 0.8% | 3.4% | 7.5% |
| Median Gross Rent | $2,044 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ellicott City is about 107% higher than in Maryland. Rent is about 20% 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 Ellicott City, up about 0.8% and 3.4% a year respectively. Rent is changing faster.
Median rent in Ellicott City rose about 38.3% between 2015 and 2024, from $1,477 to $2,044. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Ellicott City.
Buying the median-priced home in Ellicott City costs roughly 22.6 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 Ellicott City. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Ellicott City | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $553,571 | $267,101 | $248,835 |
| Median Household Income | $156,960 | $103,916 | $80,455 |
| Price-to-Income Ratio | 3.5 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ellicott City fell about 0.5%, while median household income rose about 48.6% 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 | Ellicott City | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.4% | 62.4% | 58.5% |
| Rental Rate | 27.9% | 29.9% | 31.2% |
| Vacancy Rate | 2.7% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Ellicott City has a homeownership rate of 69.4%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 2.7%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Ellicott City | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1992 | 1977 | 1978 |
| Median Number of Rooms | 7.3 | 6.2 | 5.5 |
The typical housing unit in Ellicott City was built around 1992. On average, 2.8 people live in a home with about 7.3 rooms, staying for about 14.0 years on average.
Ellicott City, MD Housing Compared With Nearby Cities
How Ellicott City, MD compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ellicott City, MD | 66,776 | $553,571 #1/3 | $2,044 #1/3 | 71.3% #1/3 |
| Columbia, MD | 105,363 | $426,735 | $2,040 | 64.9% |
| Catonsville, MD | 43,371 | $380,953 | $1,724 | 69.7% |
Frequently Asked Questions
Common questions about the housing market in Ellicott City, Maryland.
What is the median home price in Ellicott City, Maryland?
The median home price in Ellicott City, Maryland is $553,571, higher than the Maryland average of $267,101.
What is the average home price in Ellicott City, Maryland?
The typical home price in Ellicott City, Maryland, reported as the median sale price, is $553,571. 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 Ellicott City, Maryland?
The median gross rent in Ellicott City, Maryland is $2,044 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Ellicott City in 2020?
In 2020, the median gross rent in Ellicott City, Maryland was $1,660 per month.
What is the price-to-rent ratio in Ellicott City, Maryland?
The price-to-rent ratio in Ellicott City, Maryland is about 22.6, meaning it would take roughly 22.6 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 Ellicott City.
Are home prices or rent rising faster in Ellicott City, Maryland?
Both home prices and rent are rising in Ellicott City, up about 0.8% and 3.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Ellicott City, Maryland?
69.4% of households in Ellicott City, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Ellicott City, Maryland?
The housing vacancy rate in Ellicott City, Maryland is 2.7%, lower than the Maryland average of 7.7%.
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