Mount Rainier, MD—20712
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Rainier, MD
As of Oct '25, the median home price in Mount Rainier, MD is $448,000, with a year-over-year change of -2.4%. This indicates that home prices in Mount Rainier, MD are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $448,000 | -2.4% |
| Single Family | $448,000 | -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 | $464,000 | -3.9% |
4 Bed | $520,000 | -3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mount Rainier, MD
As of July '25, Rentcast reports the average rent in Mount Rainier, MD is $2,280, with a year-over-year rent change of 52.0%. Per bedroom, the median rent as of July '25 in Mount Rainier, MD is studios: $1,020, 1-bedrooms: $1,590, 2-bedrooms: $1,410, 3-bedrooms: $3,080, 4-bedrooms: $3,250. The most common rental property sizes in Mount Rainier, MD are 2-bedroom and 1-bedroom, accounting for 40.0% and 37.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $2,280 |
| Studio Rent | $1,020 | $1,020 |
| 1 Bed Rent | $1,600 | $1,590 |
| 2 Bed Rent | $1,500 | $1,410 |
| 3 Bed Rent | $2,950 | $3,080 |
| 4 Bed Rent | $3,250 | $3,250 |
% of Rental Stock
Property Listings — Mount Rainier, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Rainier, MD is 48. This is a increase of 5.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $585,000 | 8.0% |
Listing Count | 21 | 52.0% |
| Listings as % of Homes | 0.2% | 52.0% |
Days on Market | 48 | 5.0% |
Demographics — Mount Rainier, MD
As of the latest ACS Survey released in 2023, Mount Rainier, MD has a population of 9,180, which has decreased by -3.3% over the past 5 years. Mount Rainier, MD is a moderately popular place for families, as children make up 24.5% of the population. The area has a moderately educated workforce, with 33.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,180 | -3.3% |
% Under 18 | 24.5% | 10.9% |
% Seniors | 12.5% | 48.8% |
% WFH | 15.6% | 680.0% |
% w/ College Degree | 33.5% | 32.9% |
As of the latest ACS Survey released in 2023, Mount Rainier, MD is a predominantly black area, with 47.2% of the population identifying as black. The black population has grown by 14.8% in the last 5 years. The second most common race or ethnicity in Mount Rainier, MD is hispanic, making up 36.9% of the population. Foreign-born residents account for 33.8% of the population in Mount Rainier, MD, and this percentage has increased by 3.7% 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 | 15.0% | -5.1% |
% Black | 47.2% | 14.8% |
% Hispanic | 36.9% | -4.9% |
% Asian | 1.1% | -38.9% |
% Foreign Born | 33.8% | 3.7% |
Mortgage and Risk — Mount Rainier, MD
According to HUD data as of 2023, there were 57 mortgage originations in Mount Rainier, MD, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Mount Rainier, MD. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 57 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mount Rainier, MD
As of 2024, the percent of homes in Mount Rainier, MD under the Section 8 program is 0.8%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Mount Rainier, MD, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,600 | $1,500 |
| 2 Bedroom | $190 | $1,500 | $1,690 |
| 3 Bedroom | -$840 | $2,950 | $2,110 |
| 4 Bedroom | -$760 | $3,250 | $2,490 |
Affordability — Mount Rainier, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $448,000 |
| Median Household Income | $68,500 |