Solomons, MD—20688
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Solomons, MD
As of Oct '25, the median home price in Solomons, MD is $461,000, with a year-over-year change of 2.9%. This indicates that home prices in Solomons, MD are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $461,000 | 2.9% |
| Single Family | $482,000 | 1.3% |
| Condos | $426,000 | 4.4% |
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 | $461,000 | 2.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Solomons, MD
As of July '25, Rentcast reports the average rent in Solomons, MD is $2,950, with a year-over-year rent change of 18.0%. Per bedroom, the median rent as of July '25 in Solomons, MD is 2-bedrooms: $2,800, 3-bedrooms: $3,060, 4-bedrooms: $2,690. The most common rental property sizes in Solomons, MD are 2-bedroom and 1-bedroom, accounting for 66.5% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,800 | $2,800 |
| 3 Bed Rent | $2,750 | $3,060 |
| 4 Bed Rent | $2,580 | $2,690 |
% of Rental Stock
Property Listings — Solomons, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Solomons, MD is 26. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $509,000 | -22.0% |
Listing Count | 15 | -30.0% |
| Listings as % of Homes | 0.8% | -30.0% |
Days on Market | 26 | -1.0% |
Demographics — Solomons, MD
As of the latest ACS Survey released in 2023, Solomons, MD has a population of 1,110, which has decreased by -36.0% over the past 5 years. Solomons, MD is a less popular place for families, as children make up 0.0% of the population. The area has a moderately educated workforce, with 44.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 39.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,110 | -36.0% |
% Under 18 | 0.0% | -100.0% |
% Seniors | 58.4% | -1.7% |
% WFH | 39.5% | ∞% |
% w/ College Degree | 44.1% | -4.5% |
As of the latest ACS Survey released in 2023, Solomons, MD is a predominantly white area, with 97.5% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Solomons, MD is hispanic, making up 2.2% of the population. Foreign-born residents account for 2.2% of the population in Solomons, MD, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.5% | 1.8% |
% Black | 0.3% | -80.0% |
% Hispanic | 2.2% | 214.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.2% | 0.0% |
Mortgage and Risk — Solomons, MD
Solomons, MD lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Solomons, MD
Solomons, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,750 |
| 2 Bedroom | $300 | $2,800 | $3,100 |
| 3 Bedroom | $1,130 | $2,750 | $3,880 |
| 4 Bedroom | $1,990 | $2,580 | $4,570 |
Affordability — Solomons, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $461,000 |
| Median Household Income | $88,900 |