Lochearn, Maryland Housing Market Prices
Lochearn 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 24% below the Maryland median$203,121
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Median rent 14% below the Maryland median$1,462
Housing Market Overview
| Metric | Lochearn | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $203,121 | $267,101 | $248,835 |
| Price Trend (Annual %) | 9.9% | 3.4% | 7.5% |
| Median Gross Rent | $1,462 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lochearn is about 24% lower than in Maryland. Rent is about 14% lower 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 Lochearn, up about 9.9% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Lochearn rose about 39.4% between 2015 and 2024, from $1,049 to $1,462. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Lochearn.
Buying the median-priced home in Lochearn costs roughly 11.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lochearn. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Lochearn | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $203,121 | $267,101 | $248,835 |
| Median Household Income | $74,424 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lochearn rose about 26.6%, while median household income rose about 35.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lochearn | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.7% | 62.4% | 58.5% |
| Rental Rate | 33.5% | 29.9% | 31.2% |
| Vacancy Rate | 3.8% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Lochearn has a homeownership rate of 62.7%, about the same as the Maryland average of 62.4%. Its housing vacancy rate is 3.8%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Lochearn | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1964 | 1977 | 1978 |
| Median Number of Rooms | 6.3 | 6.2 | 5.5 |
The typical housing unit in Lochearn was built around 1964. On average, 2.5 people live in a home with about 6.3 rooms, staying for about 16.0 years on average.
Lochearn, MD Housing Compared With Nearby Cities
How Lochearn, MD compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lochearn, MD | 26,493 | $203,121 #1/2 | $1,462 #2/2 | 65.2% #2/2 |
| Pikesville, MD | 32,882 | $180,940 | $1,709 | 66.4% |
Frequently Asked Questions
Common questions about the housing market in Lochearn, Maryland.
What is the median home price in Lochearn, Maryland?
The median home price in Lochearn, Maryland is $203,121, lower than the Maryland average of $267,101.
What is the average home price in Lochearn, Maryland?
The typical home price in Lochearn, Maryland, reported as the median sale price, is $203,121. 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 Lochearn, Maryland?
The median gross rent in Lochearn, Maryland is $1,462 per month, lower than the Maryland average of $1,704.
What was the median gross rent in Lochearn in 2020?
In 2020, the median gross rent in Lochearn, Maryland was $1,194 per month.
What is the price-to-rent ratio in Lochearn, Maryland?
The price-to-rent ratio in Lochearn, Maryland is about 11.6, meaning it would take roughly 11.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lochearn.
Are home prices or rent rising faster in Lochearn, Maryland?
Both home prices and rent are rising in Lochearn, up about 9.9% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lochearn, Maryland?
62.7% of households in Lochearn, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Lochearn, Maryland?
The housing vacancy rate in Lochearn, Maryland is 3.8%, lower than the Maryland average of 7.7%.
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