Perry Hall, Maryland Housing Market Prices
Perry Hall 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 39% below the Maryland median$163,037
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Median rent 3% above the Maryland median$1,749
Housing Market Overview
| Metric | Perry Hall | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $163,037 | $267,101 | $248,835 |
| Price Trend (Annual %) | -5.3% | 3.4% | 7.5% |
| Median Gross Rent | $1,749 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Perry Hall is about 39% lower than in Maryland. Rent is about 3% higher than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Perry Hall: home prices fell about 5.3% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
Median rent in Perry Hall rose about 34.5% between 2015 and 2024, from $1,300 to $1,749. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Perry Hall.
Buying the median-priced home in Perry Hall costs roughly 7.8 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 Perry Hall. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Perry Hall | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $163,037 | $267,101 | $248,835 |
| Median Household Income | $111,182 | $103,916 | $80,455 |
| Price-to-Income Ratio | 1.5 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Perry Hall fell about 23.2%, while median household income rose about 45.0% 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 | Perry Hall | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.0% | 62.4% | 58.5% |
| Rental Rate | 20.8% | 29.9% | 31.2% |
| Vacancy Rate | 4.2% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Perry Hall has a homeownership rate of 75.0%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 4.2%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Perry Hall | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1984 | 1977 | 1978 |
| Median Number of Rooms | 6.5 | 6.2 | 5.5 |
The typical housing unit in Perry Hall was built around 1984. On average, 2.7 people live in a home with about 6.5 rooms, staying for about 15.0 years on average.
Perry Hall, MD Housing Compared With Nearby Cities
How Perry Hall, MD compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Perry Hall, MD | 29,221 | $163,037 #2/2 | $1,749 #2/2 | 78.3% #1/2 |
| Carney, MD | 28,224 | $427,955 | $1,766 | 58.5% |
Frequently Asked Questions
Common questions about the housing market in Perry Hall, Maryland.
What is the median home price in Perry Hall, Maryland?
The median home price in Perry Hall, Maryland is $163,037, lower than the Maryland average of $267,101.
What is the average home price in Perry Hall, Maryland?
The typical home price in Perry Hall, Maryland, reported as the median sale price, is $163,037. 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 Perry Hall, Maryland?
The median gross rent in Perry Hall, Maryland is $1,749 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Perry Hall in 2020?
In 2020, the median gross rent in Perry Hall, Maryland was $1,517 per month.
What is the price-to-rent ratio in Perry Hall, Maryland?
The price-to-rent ratio in Perry Hall, Maryland is about 7.8, meaning it would take roughly 7.8 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 Perry Hall.
Are home prices or rent rising faster in Perry Hall, Maryland?
Home prices and rent are moving in opposite directions in Perry Hall: home prices fell about 5.3% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Perry Hall, Maryland?
75.0% of households in Perry Hall, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Perry Hall, Maryland?
The housing vacancy rate in Perry Hall, Maryland is 4.2%, lower than the Maryland average of 7.7%.
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