Pikesville, Maryland Housing Market Prices
Pikesville 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 32% below the Maryland median$180,940
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Median rent About the same as the Maryland median$1,709
Housing Market Overview
| Metric | Pikesville | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $180,940 | $267,101 | $248,835 |
| Price Trend (Annual %) | 16.5% | 3.4% | 7.5% |
| Median Gross Rent | $1,709 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pikesville is about 32% lower than in Maryland. Rent follows a similar pattern, running close to 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 Pikesville, up about 16.5% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Pikesville rose about 40.3% between 2015 and 2024, from $1,218 to $1,709. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Pikesville.
Buying the median-priced home in Pikesville costs roughly 8.8 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 Pikesville. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Pikesville | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $180,940 | $267,101 | $248,835 |
| Median Household Income | $99,450 | $103,916 | $80,455 |
| Price-to-Income Ratio | 1.8 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pikesville fell about 39.9%, while median household income rose about 33.2% 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 | Pikesville | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.0% | 62.4% | 58.5% |
| Rental Rate | 32.4% | 29.9% | 31.2% |
| Vacancy Rate | 3.7% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Pikesville has a homeownership rate of 64.0%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 3.7%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Pikesville | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1975 | 1977 | 1978 |
| Median Number of Rooms | 6.0 | 6.2 | 5.5 |
The typical housing unit in Pikesville was built around 1975. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pikesville, Maryland.
What is the median home price in Pikesville, Maryland?
The median home price in Pikesville, Maryland is $180,940, lower than the Maryland average of $267,101.
What is the average home price in Pikesville, Maryland?
The typical home price in Pikesville, Maryland, reported as the median sale price, is $180,940. 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 Pikesville, Maryland?
The median gross rent in Pikesville, Maryland is $1,709 per month, about the same as the Maryland average.
What was the median gross rent in Pikesville in 2020?
In 2020, the median gross rent in Pikesville, Maryland was $1,392 per month.
What is the price-to-rent ratio in Pikesville, Maryland?
The price-to-rent ratio in Pikesville, Maryland is about 8.8, meaning it would take roughly 8.8 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 Pikesville.
Are home prices or rent rising faster in Pikesville, Maryland?
Both home prices and rent are rising in Pikesville, up about 16.5% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pikesville, Maryland?
64.0% of households in Pikesville, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Pikesville, Maryland?
The housing vacancy rate in Pikesville, Maryland is 3.7%, lower than the Maryland average of 7.7%.
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