Woodlawn, Maryland Housing Market Prices
Woodlawn 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 167% above the Maryland median$713,699
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Median rent 13% below the Maryland median$1,491
Housing Market Overview
| Metric | Woodlawn | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $713,699 | $267,101 | $248,835 |
| Price Trend (Annual %) | 19.5% | 3.4% | 7.5% |
| Median Gross Rent | $1,491 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Woodlawn is about 167% higher than in Maryland. Rent is about 13% 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 Woodlawn, up about 19.5% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Woodlawn rose about 26.0% between 2015 and 2024, from $1,183 to $1,491. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 8.5 yearly household incomes in Woodlawn.
Buying the median-priced home in Woodlawn costs roughly 39.9 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 Woodlawn. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Woodlawn | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $713,699 | $267,101 | $248,835 |
| Median Household Income | $84,232 | $103,916 | $80,455 |
| Price-to-Income Ratio | 8.5 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Woodlawn rose about 248.3%, while median household income rose about 35.4% 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 | Woodlawn | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.2% | 62.4% | 58.5% |
| Rental Rate | 35.9% | 29.9% | 31.2% |
| Vacancy Rate | 3.9% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Woodlawn has a homeownership rate of 60.2%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 3.9%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Woodlawn | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1969 | 1977 | 1978 |
| Median Number of Rooms | 6.2 | 6.2 | 5.5 |
The typical housing unit in Woodlawn was built around 1969. On average, 2.7 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Woodlawn, MD Housing Compared With Nearby Cities
How Woodlawn, MD compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Woodlawn, MD | 40,959 | $713,699 #1/2 | $1,491 #2/2 | 62.7% #2/2 |
| Catonsville, MD | 43,371 | $380,953 | $1,724 | 69.7% |
Frequently Asked Questions
Common questions about the housing market in Woodlawn, Maryland.
What is the median home price in Woodlawn, Maryland?
The median home price in Woodlawn, Maryland is $713,699, higher than the Maryland average of $267,101.
What is the average home price in Woodlawn, Maryland?
The typical home price in Woodlawn, Maryland, reported as the median sale price, is $713,699. 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 Woodlawn, Maryland?
The median gross rent in Woodlawn, Maryland is $1,491 per month, lower than the Maryland average of $1,704.
What was the median gross rent in Woodlawn in 2020?
In 2020, the median gross rent in Woodlawn, Maryland was $1,267 per month.
What is the price-to-rent ratio in Woodlawn, Maryland?
The price-to-rent ratio in Woodlawn, Maryland is about 39.9, meaning it would take roughly 39.9 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 Woodlawn.
Are home prices or rent rising faster in Woodlawn, Maryland?
Both home prices and rent are rising in Woodlawn, up about 19.5% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Woodlawn, Maryland?
60.2% of households in Woodlawn, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Woodlawn, Maryland?
The housing vacancy rate in Woodlawn, Maryland is 3.9%, lower than the Maryland average of 7.7%.
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