Jessup, MD—20794
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jessup, MD
As of Oct '25, the median home price in Jessup, MD is $488,000, with a year-over-year change of 0.0%. This indicates that home prices in Jessup, MD are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $488,000 | 0.0% |
| Single Family | $492,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $381,000 | 0.5% |
3 Bed | $448,000 | -0.7% |
4 Bed | $578,000 | -1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jessup, MD
As of July '25, Rentcast reports the average rent in Jessup, MD is $2,380, with a year-over-year rent change of -11.9%. Per bedroom, the median rent as of July '25 in Jessup, MD is studios: $1,800, 1-bedrooms: $1,840, 2-bedrooms: $2,200, 3-bedrooms: $2,800. The most common rental property sizes in Jessup, MD are 2-bedroom and 1-bedroom, accounting for 44.8% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,380 |
| Studio Rent | $1,800 | $1,800 |
| 1 Bed Rent | $1,840 | $1,840 |
| 2 Bed Rent | $1,900 | $2,200 |
| 3 Bed Rent | $2,800 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Jessup, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Jessup, MD is 34. This is a increase of 27.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $505,000 | 4.0% |
Listing Count | 30 | 78.0% |
| Listings as % of Homes | 0.4% | 78.0% |
Days on Market | 34 | 27.0% |
Demographics — Jessup, MD
As of the latest ACS Survey released in 2023, Jessup, MD has a population of 16,200, which has decreased by -2.5% over the past 5 years. Jessup, MD is a moderately popular place for families, as children make up 16.8% of the population. The area has a moderately educated workforce, with 29.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,200 | -2.5% |
% Under 18 | 16.8% | 38.8% |
% Seniors | 8.1% | 19.1% |
% WFH | 15.4% | 541.7% |
% w/ College Degree | 29.2% | 21.7% |
As of the latest ACS Survey released in 2023, Jessup, MD is a predominantly black area, with 44.7% of the population identifying as black. The black population has grown by 7.7% in the last 5 years. The second most common race or ethnicity in Jessup, MD is white, making up 32.4% of the population. Foreign-born residents account for 12.5% of the population in Jessup, MD, and this percentage has increased by 4.2% 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 | 32.4% | -23.9% |
% Black | 44.7% | 7.7% |
% Hispanic | 12.6% | 51.8% |
% Asian | 6.9% | 30.2% |
% Foreign Born | 12.5% | 4.2% |
Mortgage and Risk — Jessup, MD
According to HUD data as of 2023, there were 158 mortgage originations in Jessup, MD, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Jessup, MD. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 158 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Jessup, MD
Jessup, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 64 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,840 | $1,980 |
| 2 Bedroom | $520 | $1,900 | $2,420 |
| 3 Bedroom | $310 | $2,800 | $3,110 |
| 4 Bedroom | N/A | N/A | $3,480 |
Affordability — Jessup, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $488,000 |
| Median Household Income | $105,000 |