Mechanicsville, MD—20659
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mechanicsville, MD
Home Price Trends — Mechanicsville, MD
As of Oct '25, the median home price in Mechanicsville, MD is $425,000, with a year-over-year change of 2.1%. This indicates that home prices in Mechanicsville, MD are increasing. According to Zillow, the 1-year price projection is -0.4%, 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 | 2.1% |
| Single Family | $425,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $314,000 | 1.3% |
3 Bed | $398,000 | 1.8% |
4 Bed | $485,000 | 2.1% |
| 5 Bed | $582,000 | 1.6% |
% of Housing Stock
Rental Trends — Mechanicsville, MD
As of July '25, Rentcast reports the average rent in Mechanicsville, MD is $2,420, with a year-over-year rent change of 8.0%. Per bedroom, the median rent as of July '25 in Mechanicsville, MD is studios: $2,000, 1-bedrooms: $1,600, 2-bedrooms: $1,950, 3-bedrooms: $2,470, 4-bedrooms: $3,350. The most common rental property sizes in Mechanicsville, MD are 3-bedroom and 4-bedroom, accounting for 43.9% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,420 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $1,900 | $1,950 |
| 3 Bed Rent | $2,400 | $2,470 |
| 4 Bed Rent | $3,500 | $3,350 |
% of Rental Stock
Property Listings — Mechanicsville, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Mechanicsville, MD is 33. This is a decrease of -14.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $464,000 | -4.0% |
Listing Count | 70 | 9.0% |
| Listings as % of Homes | 0.5% | 9.0% |
Days on Market | 33 | -14.0% |
Demographics — Mechanicsville, MD
As of the latest ACS Survey released in 2023, Mechanicsville, MD has a population of 23,900, which has increased by 2.4% over the past 5 years. Mechanicsville, MD is a popular place for families, as children make up 28.2% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,900 | 2.4% |
% Under 18 | 28.2% | 21.0% |
% Seniors | 15.0% | 4.2% |
% WFH | 14.5% | 367.7% |
% w/ College Degree | 25.8% | 26.5% |
As of the latest ACS Survey released in 2023, Mechanicsville, MD is a predominantly white area, with 85.5% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Mechanicsville, MD is black, making up 6.7% of the population. Foreign-born residents account for 2.4% of the population in Mechanicsville, MD, and this percentage has increased by 4.3% 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 | 85.5% | 1.3% |
% Black | 6.7% | -32.3% |
% Hispanic | 3.1% | 6.9% |
% Asian | 0.6% | -45.5% |
% Foreign Born | 2.4% | 4.3% |
Mortgage and Risk — Mechanicsville, MD
According to HUD data as of 2023, there were 439 mortgage originations in Mechanicsville, MD, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Mechanicsville, MD. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 439 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Mechanicsville, MD
As of 2024, the percent of homes in Mechanicsville, MD under the Section 8 program is 6.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Mechanicsville, MD, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 49 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,600 | $1,630 |
| 2 Bedroom | -$70 | $1,900 | $1,830 |
| 3 Bedroom | -$110 | $2,400 | $2,290 |
| 4 Bedroom | -$680 | $3,500 | $2,820 |
Affordability — Mechanicsville, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $425,000 |
| Median Household Income | $118,000 |