Wheaton, Maryland Housing Market Prices
Wheaton 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 31% above the Maryland median$348,732
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Median rent 21% above the Maryland median$2,062
Housing Market Overview
| Metric | Wheaton | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $348,732 | $267,101 | $248,835 |
| Price Trend (Annual %) | 0.1% | 3.4% | 7.5% |
| Median Gross Rent | $2,062 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wheaton is about 31% higher than in Maryland. Rent is about 21% 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 Wheaton, up about 0.1% and 3.0% a year respectively. Rent is changing faster.
Median rent in Wheaton rose about 30.9% between 2015 and 2024, from $1,575 to $2,062. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Wheaton.
Buying the median-priced home in Wheaton costs roughly 14.1 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 Wheaton. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Wheaton | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $348,732 | $267,101 | $248,835 |
| Median Household Income | $106,926 | $103,916 | $80,455 |
| Price-to-Income Ratio | 3.3 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wheaton fell about 1.5%, while median household income rose about 53.1% 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 | Wheaton | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 62.4% | 58.5% |
| Rental Rate | 37.1% | 29.9% | 31.2% |
| Vacancy Rate | 3.0% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Wheaton has a homeownership rate of 60.0%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 3.0%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Wheaton | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.08 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1969 | 1977 | 1978 |
| Median Number of Rooms | 6.0 | 6.2 | 5.5 |
The typical housing unit in Wheaton was built around 1969. On average, 3.1 people live in a home with about 6.0 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wheaton, Maryland.
What is the median home price in Wheaton, Maryland?
The median home price in Wheaton, Maryland is $348,732, higher than the Maryland average of $267,101.
What is the average home price in Wheaton, Maryland?
The typical home price in Wheaton, Maryland, reported as the median sale price, is $348,732. 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 Wheaton, Maryland?
The median gross rent in Wheaton, Maryland is $2,062 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Wheaton in 2020?
In 2020, the median gross rent in Wheaton, Maryland was $1,792 per month.
What is the price-to-rent ratio in Wheaton, Maryland?
The price-to-rent ratio in Wheaton, Maryland is about 14.1, meaning it would take roughly 14.1 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 Wheaton.
Are home prices or rent rising faster in Wheaton, Maryland?
Both home prices and rent are rising in Wheaton, up about 0.1% and 3.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Wheaton, Maryland?
60.0% of households in Wheaton, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Wheaton, Maryland?
The housing vacancy rate in Wheaton, Maryland is 3.0%, lower than the Maryland average of 7.7%.
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