Randallstown, Maryland Housing Market Prices
Randallstown 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 26% above the Maryland median$335,218
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Median rent 6% below the Maryland median$1,610
Housing Market Overview
| Metric | Randallstown | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,218 | $267,101 | $248,835 |
| Price Trend (Annual %) | 8.7% | 3.4% | 7.5% |
| Median Gross Rent | $1,610 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Randallstown is about 26% higher than in Maryland. Rent is about 6% 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 Randallstown, up about 8.7% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Randallstown rose about 43.1% between 2015 and 2024, from $1,126 to $1,610. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Randallstown.
Buying the median-priced home in Randallstown costs roughly 17.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Randallstown. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Randallstown | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,218 | $267,101 | $248,835 |
| Median Household Income | $89,417 | $103,916 | $80,455 |
| Price-to-Income Ratio | 3.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Randallstown rose about 62.1%, while median household income rose about 30.4% 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 | Randallstown | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.9% | 62.4% | 58.5% |
| Rental Rate | 28.8% | 29.9% | 31.2% |
| Vacancy Rate | 2.3% | 7.7% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Randallstown has a homeownership rate of 68.9%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 2.3%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Randallstown | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1977 | 1977 | 1978 |
| Median Number of Rooms | 6.7 | 6.2 | 5.5 |
The typical housing unit in Randallstown was built around 1977. On average, 2.6 people live in a home with about 6.7 rooms, staying for about 17.0 years on average.
Randallstown, MD Housing Compared With Nearby Cities
How Randallstown, MD compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Randallstown, MD | 32,727 | $335,218 #1/3 | $1,610 #2/3 | 70.5% #1/3 |
| Owings Mills, MD | 38,773 | $326,093 | $1,830 | 51.6% |
| Reisterstown, MD | 25,579 | $300,707 | $1,600 | 66.2% |
Frequently Asked Questions
Common questions about the housing market in Randallstown, Maryland.
What is the median home price in Randallstown, Maryland?
The median home price in Randallstown, Maryland is $335,218, higher than the Maryland average of $267,101.
What is the average home price in Randallstown, Maryland?
The typical home price in Randallstown, Maryland, reported as the median sale price, is $335,218. 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 Randallstown, Maryland?
The median gross rent in Randallstown, Maryland is $1,610 per month, lower than the Maryland average of $1,704.
What was the median gross rent in Randallstown in 2020?
In 2020, the median gross rent in Randallstown, Maryland was $1,279 per month.
What is the price-to-rent ratio in Randallstown, Maryland?
The price-to-rent ratio in Randallstown, Maryland is about 17.3, meaning it would take roughly 17.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Randallstown.
Are home prices or rent rising faster in Randallstown, Maryland?
Both home prices and rent are rising in Randallstown, up about 8.7% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Randallstown, Maryland?
68.9% of households in Randallstown, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Randallstown, Maryland?
The housing vacancy rate in Randallstown, Maryland is 2.3%, lower than the Maryland average of 7.7%.
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