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 |