Waldorf, Maryland Housing Market Prices
Waldorf 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 19% above the Maryland median$318,425
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Median rent 17% above the Maryland median$1,992
Housing Market Overview
| Metric | Waldorf | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $318,425 | $267,101 | $248,835 |
| Price Trend (Annual %) | 4.3% | 3.4% | 7.5% |
| Median Gross Rent | $1,992 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Waldorf is about 19% higher than in Maryland. Rent is about 17% 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 Waldorf, up about 4.3% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Waldorf rose about 28.4% between 2015 and 2024, from $1,552 to $1,992. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Waldorf.
Buying the median-priced home in Waldorf costs roughly 13.3 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 Waldorf. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Waldorf | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $318,425 | $267,101 | $248,835 |
| Median Household Income | $116,211 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Waldorf rose about 41.5%, while median household income rose about 37.1% 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 | Waldorf | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.0% | 62.4% | 58.5% |
| Rental Rate | 24.4% | 29.9% | 31.2% |
| Vacancy Rate | 3.5% | 7.7% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Waldorf has a homeownership rate of 72.0%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 3.5%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Waldorf | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.73 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1994 | 1977 | 1978 |
| Median Number of Rooms | 6.6 | 6.2 | 5.5 |
The typical housing unit in Waldorf was built around 1994. On average, 2.7 people live in a home with about 6.6 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Waldorf, Maryland.
What is the median home price in Waldorf, Maryland?
The median home price in Waldorf, Maryland is $318,425, higher than the Maryland average of $267,101.
What is the average home price in Waldorf, Maryland?
The typical home price in Waldorf, Maryland, reported as the median sale price, is $318,425. 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 Waldorf, Maryland?
The median gross rent in Waldorf, Maryland is $1,992 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Waldorf in 2020?
In 2020, the median gross rent in Waldorf, Maryland was $1,695 per month.
What is the price-to-rent ratio in Waldorf, Maryland?
The price-to-rent ratio in Waldorf, Maryland is about 13.3, meaning it would take roughly 13.3 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 Waldorf.
Are home prices or rent rising faster in Waldorf, Maryland?
Both home prices and rent are rising in Waldorf, up about 4.3% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Waldorf, Maryland?
72.0% of households in Waldorf, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Waldorf, Maryland?
The housing vacancy rate in Waldorf, Maryland is 3.5%, lower than the Maryland average of 7.7%.
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