Damascus, MD 20872 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Damascus, MD—20872

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$537,000

0.7% YoY Growth

Household Income

$133,000

13.0% YoY Growth

Days on Market

31.0% Longer YoY

Home Price Forecast

-0.1%

Median Rent

$2,500

10.7% YoY Growth

1-Bed Rent

$1,440

N/A

2-Bed Rent

$1,800

2.0% YoY Growth

3-Bed Rent

$2,500

3.8% YoY Growth

Home Price Trends — Damascus, MD

As of Dec '25, the median home price in Damascus, MD is $537,000, with a year-over-year change of -0.7%. This indicates that home prices in Damascus, MD are flat. 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	$537,000	-0.7%
Single Family	$552,000	-1.3%
Condos	$263,000	-3.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Damascus, MD

As of July '25, Rentcast reports the average rent in Damascus, MD is $2,410, with a year-over-year rent change of -10.7%. Per bedroom, the median rent as of July '25 in Damascus, MD is 1-bedrooms: $1,440, 2-bedrooms: $2,000, 3-bedrooms: $2,520, 4-bedrooms: $2,830. The most common rental property sizes in Damascus, MD are 2-bedroom and 3-bedroom, accounting for 54.3% and 22.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,410
Studio Rent	N/A	N/A
1 Bed Rent	$1,440	$1,440
2 Bed Rent	$1,800	$2,000
3 Bed Rent	$2,500	$2,520
4 Bed Rent	$2,500	$2,830

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% of Rental Stock

1 Bedroom

3.0%

2 Bedrooms

54.3%

3 Bedrooms

22.7%

4 Bedrooms

14.3%

5+ Bedrooms

5.8%

Property Listings — Damascus, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in Damascus, MD is 52. This is a increase of 44.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$600,000	4.0%
Listing Count	35	2.0%
Listings as % of Homes	0.4%	2.0%
Days on Market	48	31.0%

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Demographics — Damascus, MD

As of the latest ACS Survey released in 2023, Damascus, MD has a population of 13,100, which has increased by 1.5% over the past 5 years. Damascus, MD is a moderately popular place for families, as children make up 21.8% of the population. The area has a highly educated workforce, with 46.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,100	1.5%
% Under 18	21.8%	-6.8%
% Seniors	15.9%	42.0%
% WFH	24.6%	373.1%
% w/ College Degree	46.7%	-0.6%

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As of the latest ACS Survey released in 2023, Damascus, MD is a predominantly white area, with 62.9% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Damascus, MD is hispanic, making up 14.1% of the population. Foreign-born residents account for 15.6% of the population in Damascus, MD, and this percentage has increased by 8.3% 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	62.9%	-3.8%
% Black	11.0%	7.8%
% Hispanic	14.1%	21.6%
% Asian	4.7%	-45.3%
% Foreign Born	15.6%	8.3%

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Mortgage and Risk — Damascus, MD

According to HUD data as of 2023, there were 244 mortgage originations in Damascus, MD, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Damascus, MD. Investor activity is low, as 2.0% 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	244
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Damascus, MD

As of 2024, the percent of homes in Damascus, MD under the Section 8 program is 35.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Damascus, MD, because HUD payments exceed market rent, while 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	182
Total Units Section 8	182
% Rentals under Section 8	35.8%
% Occupied Section 8	94.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$280	$1,440	$1,720
2 Bedroom	$140	$1,800	$1,940
3 Bedroom	-$70	$2,500	$2,430
4 Bedroom	$360	$2,500	$2,860

Damascus, MD—20872

Key Metrics at a Glance

Home Price Trends — Damascus, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Damascus, MD

% of Rental Stock

Property Listings — Damascus, MD

Demographics — Damascus, MD

Race and Ethnicity

Mortgage and Risk — Damascus, MD

Mortgages

Rentals and Section 8 — Damascus, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Damascus, MD

Home Price to Income Ratio

Damascus, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Clarksburg, MD

Monrovia, MD

Germantown, MD

Gaithersburg, MD

Ijamsville, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$537,000
Median Household Income	$133,000

Damascus, MD—20872

Key Metrics at a Glance

Home Price Trends — Damascus, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Damascus, MD

% of Rental Stock

Property Listings — Damascus, MD

Demographics — Damascus, MD

Race and Ethnicity

Mortgage and Risk — Damascus, MD

Mortgages

Rentals and Section 8 — Damascus, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Damascus, MD

Home Price to Income Ratio

Damascus, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Clarksburg, MD

Monrovia, MD

Germantown, MD

Gaithersburg, MD

Ijamsville, MD

Frequently Asked Questions

What is the average home price in Damascus, MD 20872?

How have home prices in Damascus, MD 20872 changed over the past year?

What is the home price projection for Damascus, MD 20872?

What are the demographics of Damascus, MD 20872?

How long does it take homes to sell in Damascus, MD 20872?

What is the average rent price in Damascus, MD 20872?