Waldorf, MD—20602
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waldorf, MD
As of Oct '25, the median home price in Waldorf, MD is $392,000, with a year-over-year change of 0.7%. This indicates that home prices in Waldorf, MD are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $392,000 | 0.7% |
| Single Family | $393,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $338,000 | 1.2% |
3 Bed | $366,000 | 0.8% |
4 Bed | $435,000 | -0.9% |
| 5 Bed | $502,000 | -1.4% |
% of Housing Stock
Rental Trends — Waldorf, MD
As of July '25, Rentcast reports the average rent in Waldorf, MD is $2,360, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Waldorf, MD is 1-bedrooms: $1,170, 2-bedrooms: $1,420, 3-bedrooms: $2,390, 4-bedrooms: $2,880. The most common rental property sizes in Waldorf, MD are 2-bedroom and 3-bedroom, accounting for 45.1% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,020 | $1,170 |
| 2 Bed Rent | $1,500 | $1,420 |
| 3 Bed Rent | $2,300 | $2,390 |
| 4 Bed Rent | $2,800 | $2,880 |
% of Rental Stock
Property Listings — Waldorf, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Waldorf, MD is 31. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $395,000 | 1.0% |
Listing Count | 105 | 34.0% |
| Listings as % of Homes | 0.6% | 34.0% |
Days on Market | 31 | 15.0% |
Demographics — Waldorf, MD
As of the latest ACS Survey released in 2023, Waldorf, MD has a population of 29,400, which has increased by 12.8% over the past 5 years. Waldorf, MD is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,400 | 12.8% |
% Under 18 | 24.3% | -7.3% |
% Seniors | 10.9% | 12.4% |
% WFH | 11.8% | 461.9% |
% w/ College Degree | 28.5% | 17.8% |
As of the latest ACS Survey released in 2023, Waldorf, MD is a predominantly black area, with 63.0% of the population identifying as black. The black population has grown by 4.1% in the last 5 years. The second most common race or ethnicity in Waldorf, MD is white, making up 18.9% of the population. Foreign-born residents account for 11.5% of the population in Waldorf, MD, and this percentage has increased by 82.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 18.9% | -24.7% |
% Black | 63.0% | 4.1% |
% Hispanic | 9.2% | 48.4% |
% Asian | 1.8% | -40.0% |
% Foreign Born | 11.5% | 82.5% |
Mortgage and Risk — Waldorf, MD
According to HUD data as of 2023, there were 712 mortgage originations in Waldorf, MD, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Waldorf, MD. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 712 |
% Conventional Loans | 48.0% |
% Government Loans | 52.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Waldorf, MD
As of 2024, the percent of homes in Waldorf, MD under the Section 8 program is 23.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Waldorf, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 811 |
Total Units Section 8 | 803 |
% Rentals under Section 8 | 23.2% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $910 | $1,020 | $1,930 |
| 2 Bedroom | $670 | $1,500 | $2,170 |
| 3 Bedroom | $410 | $2,300 | $2,710 |
| 4 Bedroom | $400 | $2,800 | $3,200 |
Affordability — Waldorf, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $392,000 |
| Median Household Income | $109,000 |