Callaway, MD 20620 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Callaway, MD—20620

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$425,000

2.5% YoY Growth

Household Income

$154,000

49.7% YoY Growth

Days on Market

47.0% Shorter YoY

Home Price Forecast

0.3%

Median Rent

$940

5.1% YoY Growth

1-Bed Rent

$940

35.2% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

$2,800

33.3% YoY Growth

Home Price Trends — Callaway, MD

As of Dec '25, the median home price in Callaway, MD is $425,000, with a year-over-year change of 2.5%. 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	$425,000	2.5%
Single Family	$427,000	2.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

2 Bedrooms

18.6%

3 Bedrooms

81.4%

Property Listings — Callaway, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in Callaway, MD is 50. This is a increase of 8.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$470,000	-23.0%
Listing Count	5	15.0%
Listings as % of Homes	0.7%	15.0%
Days on Market	14	-47.0%

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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%

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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%

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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%

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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

Callaway, MD—20620

Key Metrics at a Glance

Home Price Trends — Callaway, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Callaway, MD

% of Rental Stock

Property Listings — Callaway, MD

Demographics — Callaway, MD

Race and Ethnicity

Mortgage and Risk — Callaway, MD

Mortgages

Rentals and Section 8 — Callaway, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Callaway, MD

Home Price to Income Ratio

Callaway, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Great Mills, MD

Valley Lee, MD

California, MD

Tall Timbers, MD

Drayden, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$425,000
Median Household Income	$154,000

Callaway, MD—20620

Key Metrics at a Glance

Home Price Trends — Callaway, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Callaway, MD

% of Rental Stock

Property Listings — Callaway, MD

Demographics — Callaway, MD

Race and Ethnicity

Mortgage and Risk — Callaway, MD

Mortgages

Rentals and Section 8 — Callaway, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Callaway, MD

Home Price to Income Ratio

Callaway, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Great Mills, MD

Valley Lee, MD

California, MD

Tall Timbers, MD

Drayden, MD

Frequently Asked Questions

What is the average home price in Callaway, MD 20620?

How have home prices in Callaway, MD 20620 changed over the past year?

What is the home price projection for Callaway, MD 20620?

What are the demographics of Callaway, MD 20620?

How long does it take homes to sell in Callaway, MD 20620?

What is the average rent price in Callaway, MD 20620?