Kensington, MD—20895
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kensington, MD
As of Oct '25, the median home price in Kensington, MD is $795,000, with a year-over-year change of 1.2%. This indicates that home prices in Kensington, MD are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $795,000 | 1.2% |
| Single Family | $825,000 | 0.9% |
| Condos | $242,000 | -2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $388,000 | -1.8% |
3 Bed | $717,000 | 0.1% |
4 Bed | $890,000 | 0.3% |
| 5 Bed | $1,294,000 | 0.8% |
% of Housing Stock
Rental Trends — Kensington, MD
As of July '25, Rentcast reports the average rent in Kensington, MD is $3,600, with a year-over-year rent change of 10.8%. Per bedroom, the median rent as of July '25 in Kensington, MD is 1-bedrooms: $1,750, 2-bedrooms: $2,520, 3-bedrooms: $3,400, 4-bedrooms: $4,430. The most common rental property sizes in Kensington, MD are 2-bedroom and 1-bedroom, accounting for 26.2% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $1,750 |
| 2 Bed Rent | $2,600 | $2,520 |
| 3 Bed Rent | $3,350 | $3,400 |
| 4 Bed Rent | $4,200 | $4,430 |
% of Rental Stock
Property Listings — Kensington, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Kensington, MD is 46. This is a increase of 39.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $963,000 | -3.0% |
Listing Count | 73 | 57.0% |
| Listings as % of Homes | 0.5% | 57.0% |
Days on Market | 46 | 39.0% |
Demographics — Kensington, MD
As of the latest ACS Survey released in 2023, Kensington, MD has a population of 19,000, which has decreased by -3.0% over the past 5 years. Kensington, MD is a popular place for families, as children make up 26.8% of the population. The area has a highly educated workforce, with 73.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,000 | -3.0% |
% Under 18 | 26.8% | 7.2% |
% Seniors | 17.9% | 10.5% |
% WFH | 32.1% | 316.9% |
% w/ College Degree | 73.8% | 2.8% |
As of the latest ACS Survey released in 2023, Kensington, MD is a predominantly white area, with 67.0% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Kensington, MD is hispanic, making up 15.4% of the population. Foreign-born residents account for 16.9% of the population in Kensington, MD, and this percentage has decreased by 6.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.0% | -4.4% |
% Black | 5.7% | -9.5% |
% Hispanic | 15.4% | 14.9% |
% Asian | 5.4% | -10.0% |
% Foreign Born | 16.9% | -6.1% |
Mortgage and Risk — Kensington, MD
According to HUD data as of 2023, there were 362 mortgage originations in Kensington, MD, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Kensington, MD. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 362 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Kensington, MD
As of 2024, the percent of homes in Kensington, MD under the Section 8 program is 18.3%. 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 units appear to be good home sizes to consider for Section 8 housing in Kensington, MD, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 225 |
Total Units Section 8 | 225 |
% Rentals under Section 8 | 18.3% |
% Occupied Section 8 | 86.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,900 | $2,120 |
| 2 Bedroom | -$210 | $2,600 | $2,390 |
| 3 Bedroom | -$360 | $3,350 | $2,990 |
| 4 Bedroom | -$670 | $4,200 | $3,530 |
Affordability — Kensington, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $795,000 |
| Median Household Income | $170,000 |