Langley Park, Maryland Housing Market Prices
Langley Park 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 priceN/A
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Median rent About the same as the Maryland median$1,707
Housing Market Overview
| Metric | Langley Park | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $267,101 | $248,835 |
| Price Trend (Annual %) | — | 3.4% | 7.5% |
| Median Gross Rent | $1,707 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Rent follows a similar pattern, running close to the Maryland average.
Affordability
| Metric | Langley Park | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $267,101 | $248,835 |
| Median Household Income | $83,762 | $103,916 | $80,455 |
| Price-to-Income Ratio | — | 2.6 | 3.1 |
Occupancy & Tenure
| Metric | Langley Park | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 22.2% | 62.4% | 58.5% |
| Rental Rate | 75.7% | 29.9% | 31.2% |
| Vacancy Rate | 2.1% | 7.7% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Langley Park has a homeownership rate of 22.2%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 2.1%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Langley Park | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 4.04 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1964 | 1977 | 1978 |
| Median Number of Rooms | 4.1 | 6.2 | 5.5 |
The typical housing unit in Langley Park was built around 1964. On average, 4.0 people live in a home with about 4.1 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Langley Park, Maryland.
What is the median rent in Langley Park, Maryland?
The median gross rent in Langley Park, Maryland is $1,707 per month, about the same as the Maryland average.
What was the median gross rent in Langley Park in 2020?
In 2020, the median gross rent in Langley Park, Maryland was $1,409 per month.
What is the homeownership rate in Langley Park, Maryland?
22.2% of households in Langley Park, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Langley Park, Maryland?
The housing vacancy rate in Langley Park, Maryland is 2.1%, lower than the Maryland average of 7.7%.
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