Callaway, MD—20620
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Callaway, MD
As of Oct '25, the median home price in Callaway, MD is $429,000, with a year-over-year change of 2.7%. This indicates that home prices in Callaway, MD are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $429,000 | 2.7% |
| Single Family | $430,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $356,000 | 2.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Callaway, MD
As of July '25, Rentcast reports the average rent in Callaway, MD is $1,870, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Callaway, MD is 1-bedrooms: $940, 3-bedrooms: $2,800. The most common rental property sizes in Callaway, MD are 3-bedroom and 2-bedroom, accounting for 81.4% and 18.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $940 | $1,870 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $940 | $940 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,800 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Callaway, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Callaway, MD is 44. This is a decrease of -36.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $439,000 | -28.0% |
Listing Count | 5 | 50.0% |
| Listings as % of Homes | 0.7% | 50.0% |
Days on Market | 44 | -36.0% |
Demographics — Callaway, MD
As of the latest ACS Survey released in 2023, Callaway, MD has a population of 1,160, which has decreased by -15.0% over the past 5 years. Callaway, MD is a less popular place for families, as children make up 9.7% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,160 | -15.0% |
% Under 18 | 9.7% | -50.0% |
% Seniors | 6.6% | -65.8% |
% WFH | 11.6% | 45.0% |
% w/ College Degree | 17.4% | -23.3% |
As of the latest ACS Survey released in 2023, Callaway, MD is a predominantly white area, with 60.9% of the population identifying as white. The white population has shrunk by 22.7% in the last 5 years. The second most common race or ethnicity in Callaway, MD is hispanic, making up 25.0% of the population. Foreign-born residents account for 5.1% of the population in Callaway, MD, and this percentage has increased by 104.0% 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 | 60.9% | -22.7% |
% Black | 5.1% | -72.4% |
% Hispanic | 25.0% | 1,983.3% |
% Asian | 3.8% | ∞% |
% Foreign Born | 5.1% | 104.0% |
Mortgage and Risk — Callaway, MD
According to HUD data as of 2023, there were 59 mortgage originations in Callaway, MD, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Callaway, MD. Investor activity is low, as 3.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Callaway, MD
Callaway, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 35.6% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $410 | $940 | $1,350 |
| 2 Bedroom | N/A | N/A | $1,580 |
| 3 Bedroom | -$750 | $2,800 | $2,050 |
| 4 Bedroom | N/A | N/A | $2,400 |
Affordability — Callaway, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $429,000 |
| Median Household Income | $154,000 |