Damascus, MD—20872
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Damascus, MD
As of Oct '25, the median home price in Damascus, MD is $543,000, with a year-over-year change of 0.1%. This indicates that home prices in Damascus, MD are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $543,000 | 0.1% |
| Single Family | $558,000 | -0.7% |
| Condos | $266,000 | -2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $277,000 | -1.1% |
3 Bed | $473,000 | -0.4% |
4 Bed | $629,000 | -0.9% |
| 5 Bed | $790,000 | -1.0% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Damascus, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Damascus, MD is 63. This is a increase of 35.0% 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 | $620,000 | 5.0% |
Listing Count | 50 | -1.0% |
| Listings as % of Homes | 0.4% | -1.0% |
Days on Market | 63 | 35.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Damascus, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $543,000 |
| Median Household Income | $133,000 |