Greenbelt, Maryland Housing Market Prices
Greenbelt 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 57% above the Maryland median$419,767
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Median rent 8% above the Maryland median$1,842
Housing Market Overview
| Metric | Greenbelt | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $419,767 | $267,101 | $248,835 |
| Price Trend (Annual %) | 55.1% | 3.4% | 7.5% |
| Median Gross Rent | $1,842 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greenbelt is about 57% higher than in Maryland. Rent is about 8% 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 Greenbelt, up about 55.1% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Greenbelt rose about 33.9% between 2015 and 2024, from $1,375 to $1,842. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Greenbelt.
Buying the median-priced home in Greenbelt costs roughly 19.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Greenbelt. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Greenbelt | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $419,767 | $267,101 | $248,835 |
| Median Household Income | $92,769 | $103,916 | $80,455 |
| Price-to-Income Ratio | 4.5 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Greenbelt rose about 117.5%, while median household income rose about 30.6% 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 | Greenbelt | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.5% | 62.4% | 58.5% |
| Rental Rate | 50.9% | 29.9% | 31.2% |
| Vacancy Rate | 5.7% | 7.7% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Greenbelt has a homeownership rate of 43.5%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 5.7%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Greenbelt | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1976 | 1977 | 1978 |
| Median Number of Rooms | 4.6 | 6.2 | 5.5 |
The typical housing unit in Greenbelt was built around 1976. On average, 2.5 people live in a home with about 4.6 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Greenbelt, Maryland.
What is the median home price in Greenbelt, Maryland?
The median home price in Greenbelt, Maryland is $419,767, higher than the Maryland average of $267,101.
What is the average home price in Greenbelt, Maryland?
The typical home price in Greenbelt, Maryland, reported as the median sale price, is $419,767. 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 Greenbelt, Maryland?
The median gross rent in Greenbelt, Maryland is $1,842 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Greenbelt in 2020?
In 2020, the median gross rent in Greenbelt, Maryland was $1,623 per month.
What is the price-to-rent ratio in Greenbelt, Maryland?
The price-to-rent ratio in Greenbelt, Maryland is about 19.0, meaning it would take roughly 19.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Greenbelt.
Are home prices or rent rising faster in Greenbelt, Maryland?
Both home prices and rent are rising in Greenbelt, up about 55.1% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Greenbelt, Maryland?
43.5% of households in Greenbelt, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Greenbelt, Maryland?
The housing vacancy rate in Greenbelt, Maryland is 5.7%, lower than the Maryland average of 7.7%.
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