Wicomico County, Maryland Housing Market Prices
Wicomico 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 34% below the Maryland median Cheaper than 74% of counties in Maryland$176,769
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Median rent 22% below the Maryland median$1,326
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wicomico County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $176,769 | $267,101 | $248,835 |
| Price Trend (Annual %) | 4.6% | 3.4% | 7.5% |
| Median Gross Rent | $1,326 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wicomico County is about 34% lower than in Maryland. Rent is about 22% 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 Wicomico County, up about 4.6% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Wicomico County rose about 33.5% between 2015 and 2024, from $993 to $1,326. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Wicomico County.
Buying the median-priced home in Wicomico County costs roughly 11.1 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 Wicomico County. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Wicomico County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $176,769 | $267,101 | $248,835 |
| Median Household Income | $76,195 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wicomico County rose about 35.0%, while median household income rose about 40.2% 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 | Wicomico County | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.1% | 62.4% | 58.5% |
| Rental Rate | 34.6% | 29.9% | 31.2% |
| Vacancy Rate | 8.3% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Wicomico County has a homeownership rate of 57.1%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 8.3%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Wicomico County | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1984 | 1977 | 1978 |
| Median Number of Rooms | 5.9 | 6.2 | 5.5 |
The typical housing unit in Wicomico County was built around 1984. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Wicomico County, MD Housing Compared With Nearby Counties
Wicomico County, MD is the 2nd largest of the 6 counties compared here, 104,905 residents against a local median of 33,666. Where Wicomico County, MD breaks from the counties next to it is median home price, sitting 49% below the local median of $345,990 at $176,769.
Median rent tells the same story from another angle: $1,326 against a local median of $1,104, 20% above it. The counties themselves spread $194,868 on median home price, so Wicomico County, MD sits at one end of an already wide local range rather than apart from it. Wicomico County, MD has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wicomico County, MD | 104,905 | $176,769 #6/6 | $1,326 #1/6 | 62.3% #6/6 |
| Somerset County, MD | 24,822 | $260,756 | $1,013 | 73.1% |
| Worcester County, MD | 53,701 | $411,303 | $1,158 | 78.0% |
| Sussex County, DE | 252,121 | $345,990 | $1,237 | 81.5% |
| Dorchester County, MD | 32,754 | $216,435 | $1,032 | 65.6% |
| Caroline County, MD | 33,666 | $357,432 | $1,104 | 71.9% |
Frequently Asked Questions
Common questions about the housing market in Wicomico County, Maryland.
What is the median home price in Wicomico County, Maryland?
The median home price in Wicomico County, Maryland is $176,769, lower than the Maryland average of $267,101.
What is the average home price in Wicomico County, Maryland?
The typical home price in Wicomico County, Maryland, reported as the median sale price, is $176,769. 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 Wicomico County, Maryland?
The median gross rent in Wicomico County, Maryland is $1,326 per month, lower than the Maryland average of $1,704.
What was the median gross rent in Wicomico County in 2020?
In 2020, the median gross rent in Wicomico County, Maryland was $1,059 per month.
What is the price-to-rent ratio in Wicomico County, Maryland?
The price-to-rent ratio in Wicomico County, Maryland is about 11.1, meaning it would take roughly 11.1 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 Wicomico County.
Are home prices or rent rising faster in Wicomico County, Maryland?
Both home prices and rent are rising in Wicomico County, up about 4.6% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wicomico County, Maryland?
57.1% of households in Wicomico County, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Wicomico County, Maryland?
The housing vacancy rate in Wicomico County, Maryland is 8.3%, higher than the Maryland average of 7.7%.
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