Housing Market Overview

Housing market data including home prices, rent costs, affordability metrics, and housing stock characteristics.

Not Available
$1,681

Housing Market Overview

Metric Langley Park Maryland Avg US Average
Median Home Price $285,029 $242,182
Price Trend (Annual %) 4.8% 8.2%
Median Gross Rent $1,681 $1,661 $1,342
Rent Trend (Annual %) 4.1% 4.0% 5.1%
Household Income Trend (Annual %)

Affordability

Metric Langley Park Maryland Avg US Average
Median Home Price $285,029 $242,182
Median Household Income $81,506 $101,971 $78,145
Price-to-Income Ratio 2.8 3.1

Occupancy & Tenure

Metric Langley Park Maryland Avg US Average
Homeownership Rate 19.6% 62.0% 58.2%
Rental Rate 79.1% 29.9% 31.3%
Vacancy Rate 1.3% 8.1% 10.6%
Median Tenure (years) 10.0 15.0 15.0
Median Year Moved In 2016 2011 2011

Housing Stock

Metric Langley Park Maryland Avg US Average
Average Household Size 4.05 people 2.58 people 2.54 people
Median Structure Built Year 1969 1977 1978
Median Number of Rooms 4.0 6.2 5.5