Ilchester, Maryland Housing Market Prices
Ilchester 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 317% above the Maryland median$1,113,086
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Median rent 24% above the Maryland median$2,115
Housing Market Overview
| Metric | Ilchester | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,113,086 | $267,101 | $248,835 |
| Price Trend (Annual %) | 73.0% | 3.4% | 7.5% |
| Median Gross Rent | $2,115 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ilchester is about 317% higher than in Maryland. Rent is about 24% 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 Ilchester, up about 73.0% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Ilchester rose about 27.0% between 2015 and 2024, from $1,665 to $2,115. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 7.3 yearly household incomes in Ilchester.
Buying the median-priced home in Ilchester costs roughly 43.9 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 Ilchester. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Ilchester | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,113,086 | $267,101 | $248,835 |
| Median Household Income | $151,912 | $103,916 | $80,455 |
| Price-to-Income Ratio | 7.3 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ilchester rose about 526.6%, while median household income rose about 31.7% 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 | Ilchester | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.7% | 62.4% | 58.5% |
| Rental Rate | 23.1% | 29.9% | 31.2% |
| Vacancy Rate | 2.2% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Ilchester has a homeownership rate of 74.7%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 2.2%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Ilchester | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1995 | 1977 | 1978 |
| Median Number of Rooms | 6.5 | 6.2 | 5.5 |
The typical housing unit in Ilchester was built around 1995. On average, 2.8 people live in a home with about 6.5 rooms, staying for about 15.0 years on average.
Ilchester, MD Housing Compared With Nearby Cities
How Ilchester, MD compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ilchester, MD | 28,356 | $1,113,086 #1/2 | $2,115 #1/2 | 76.4% #1/2 |
| Catonsville, MD | 43,371 | $380,953 | $1,724 | 69.7% |
Frequently Asked Questions
Common questions about the housing market in Ilchester, Maryland.
What is the median home price in Ilchester, Maryland?
The median home price in Ilchester, Maryland is $1,113,086, higher than the Maryland average of $267,101.
What is the average home price in Ilchester, Maryland?
The typical home price in Ilchester, Maryland, reported as the median sale price, is $1,113,086. 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 Ilchester, Maryland?
The median gross rent in Ilchester, Maryland is $2,115 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Ilchester in 2020?
In 2020, the median gross rent in Ilchester, Maryland was $1,765 per month.
What is the price-to-rent ratio in Ilchester, Maryland?
The price-to-rent ratio in Ilchester, Maryland is about 43.9, meaning it would take roughly 43.9 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 Ilchester.
Are home prices or rent rising faster in Ilchester, Maryland?
Both home prices and rent are rising in Ilchester, up about 73.0% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ilchester, Maryland?
74.7% of households in Ilchester, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Ilchester, Maryland?
The housing vacancy rate in Ilchester, Maryland is 2.2%, lower than the Maryland average of 7.7%.
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