Talbot County, Maryland Housing Market Prices
Talbot County 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 77% above the Maryland median Most expensive county in Maryland$472,999
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Median rent 26% below the Maryland median$1,256
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Talbot County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $472,999 | $267,101 | $248,835 |
| Price Trend (Annual %) | 7.0% | 3.4% | 7.5% |
| Median Gross Rent | $1,256 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 2.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Talbot County is about 77% higher than in Maryland. Rent is about 26% 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 Talbot County, up about 7.0% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Talbot County rose about 20.9% between 2015 and 2024, from $1,038 to $1,256. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Talbot County.
Buying the median-priced home in Talbot County costs roughly 31.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Talbot County. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Talbot County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $472,999 | $267,101 | $248,835 |
| Median Household Income | $85,514 | $103,916 | $80,455 |
| Price-to-Income Ratio | 5.5 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Talbot County fell about 1.5%, while median household income rose about 34.0% 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 | Talbot County | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.6% | 62.4% | 58.5% |
| Rental Rate | 20.8% | 29.9% | 31.2% |
| Vacancy Rate | 16.7% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Talbot County has a homeownership rate of 62.6%, about the same as the Maryland average of 62.4%. Its housing vacancy rate is 16.7%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Talbot County | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1980 | 1977 | 1978 |
| Median Number of Rooms | 6.3 | 6.2 | 5.5 |
The typical housing unit in Talbot County was built around 1980. On average, 2.3 people live in a home with about 6.3 rooms, staying for about 16.0 years on average.
Talbot County, MD Housing Compared With Nearby Counties
Talbot County, MD is the 4th largest of the 6 counties compared here, 37,917 residents against a local median of 51,825. Where Talbot County, MD breaks from the counties next to it is median home price, sitting 36% above the local median of $348,208 at $472,999.
Median rent tells the same story from another angle: $1,256 against a local median of $1,619, 22% below it. The counties themselves spread $187,542 on median home price, so Talbot County, MD sits at one end of an already wide local range rather than apart from it. Talbot County, MD has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Talbot County, MD | 37,917 | $472,999 #1/6 | $1,256 #4/6 | 75.1% #4/6 |
| Queen Anne's County, MD | 51,825 | $231,617 | $1,619 | 82.9% |
| Dorchester County, MD | 32,754 | $216,435 | $1,032 | 65.6% |
| Caroline County, MD | 33,666 | $357,432 | $1,104 | 71.9% |
| Calvert County, MD | 94,313 | $403,977 | $1,759 | 87.2% |
| Anne Arundel County, MD | 597,957 | $348,208 | $2,071 | 75.1% |
Frequently Asked Questions
Common questions about the housing market in Talbot County, Maryland.
What is the median home price in Talbot County, Maryland?
The median home price in Talbot County, Maryland is $472,999, higher than the Maryland average of $267,101.
What is the average home price in Talbot County, Maryland?
The typical home price in Talbot County, Maryland, reported as the median sale price, is $472,999. 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 Talbot County, Maryland?
The median gross rent in Talbot County, Maryland is $1,256 per month, lower than the Maryland average of $1,704.
What was the median gross rent in Talbot County in 2020?
In 2020, the median gross rent in Talbot County, Maryland was $1,122 per month.
What is the price-to-rent ratio in Talbot County, Maryland?
The price-to-rent ratio in Talbot County, Maryland is about 31.4, meaning it would take roughly 31.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Talbot County.
Are home prices or rent rising faster in Talbot County, Maryland?
Both home prices and rent are rising in Talbot County, up about 7.0% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Talbot County, Maryland?
62.6% of households in Talbot County, Maryland own their home, about the same as the Maryland average.
What is the vacancy rate in Talbot County, Maryland?
The housing vacancy rate in Talbot County, Maryland is 16.7%, higher than the Maryland average of 7.7%.
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