Odenton, Maryland Housing Market Prices
Odenton 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 28% above the Maryland median$341,114
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Median rent 32% above the Maryland median$2,243
Housing Market Overview
| Metric | Odenton | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $341,114 | $267,101 | $248,835 |
| Price Trend (Annual %) | 7.8% | 3.4% | 7.5% |
| Median Gross Rent | $2,243 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Odenton is about 28% higher than in Maryland. Rent is about 32% 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 Odenton, up about 7.8% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Odenton rose about 31.0% between 2015 and 2024, from $1,712 to $2,243. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Odenton.
Buying the median-priced home in Odenton costs roughly 12.7 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 Odenton. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Odenton | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $341,114 | $267,101 | $248,835 |
| Median Household Income | $130,224 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Odenton rose about 83.8%, while median household income rose about 42.2% 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 | Odenton | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.5% | 62.4% | 58.5% |
| Rental Rate | 35.1% | 29.9% | 31.2% |
| Vacancy Rate | 3.4% | 7.7% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Odenton has a homeownership rate of 61.5%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 3.4%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Odenton | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1997 | 1977 | 1978 |
| Median Number of Rooms | 5.9 | 6.2 | 5.5 |
The typical housing unit in Odenton was built around 1997. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Odenton, Maryland.
What is the median home price in Odenton, Maryland?
The median home price in Odenton, Maryland is $341,114, higher than the Maryland average of $267,101.
What is the average home price in Odenton, Maryland?
The typical home price in Odenton, Maryland, reported as the median sale price, is $341,114. 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 Odenton, Maryland?
The median gross rent in Odenton, Maryland is $2,243 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Odenton in 2020?
In 2020, the median gross rent in Odenton, Maryland was $1,838 per month.
What is the price-to-rent ratio in Odenton, Maryland?
The price-to-rent ratio in Odenton, Maryland is about 12.7, meaning it would take roughly 12.7 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 Odenton.
Are home prices or rent rising faster in Odenton, Maryland?
Both home prices and rent are rising in Odenton, up about 7.8% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Odenton, Maryland?
61.5% of households in Odenton, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Odenton, Maryland?
The housing vacancy rate in Odenton, Maryland is 3.4%, lower than the Maryland average of 7.7%.
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