Bel Air, MD—21014
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Bel Air, MD
Home Price Trends — Bel Air, MD
As of Oct '25, the median home price in Bel Air, MD is $443,000, with a year-over-year change of 1.8%. This indicates that home prices in Bel Air, MD are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $443,000 | 1.8% |
| Single Family | $477,000 | 1.7% |
| Condos | $246,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $258,000 | -1.1% |
3 Bed | $404,000 | 2.0% |
4 Bed | $550,000 | 1.5% |
| 5 Bed | $650,000 | 1.2% |
% of Housing Stock
Rental Trends — Bel Air, MD
As of July '25, Rentcast reports the average rent in Bel Air, MD is $2,160, with a year-over-year rent change of 13.7%. Per bedroom, the median rent as of July '25 in Bel Air, MD is studios: $1,300, 1-bedrooms: $1,540, 2-bedrooms: $1,910, 3-bedrooms: $2,340, 4-bedrooms: $3,220. The most common rental property sizes in Bel Air, MD are 2-bedroom and 1-bedroom, accounting for 43.6% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,160 |
| Studio Rent | $1,300 | $1,300 |
| 1 Bed Rent | $1,500 | $1,540 |
| 2 Bed Rent | $1,700 | $1,910 |
| 3 Bed Rent | $2,400 | $2,340 |
| 4 Bed Rent | $2,900 | $3,220 |
% of Rental Stock
Property Listings — Bel Air, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Bel Air, MD is 27. This is a increase of 17.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $422,000 | 0.0% |
Listing Count | 101 | 49.0% |
| Listings as % of Homes | 0.2% | 49.0% |
Days on Market | 27 | 17.0% |
Demographics — Bel Air, MD
As of the latest ACS Survey released in 2023, Bel Air, MD has a population of 38,000, which has increased by 6.4% over the past 5 years. Bel Air, MD is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 44.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,000 | 6.4% |
% Under 18 | 23.4% | 6.8% |
% Seniors | 18.5% | 3.9% |
% WFH | 15.3% | 200.0% |
% w/ College Degree | 44.5% | 9.6% |
As of the latest ACS Survey released in 2023, Bel Air, MD is a predominantly white area, with 78.1% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Bel Air, MD is hispanic, making up 6.5% of the population. Foreign-born residents account for 7.7% of the population in Bel Air, MD, and this percentage has increased by 57.1% 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 | 78.1% | -9.5% |
% Black | 5.7% | -6.6% |
% Hispanic | 6.5% | 170.8% |
% Asian | 3.4% | 21.4% |
% Foreign Born | 7.7% | 57.1% |
Mortgage and Risk — Bel Air, MD
According to HUD data as of 2023, there were 721 mortgage originations in Bel Air, MD, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Bel Air, MD. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 721 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Bel Air, MD
As of 2024, the percent of homes in Bel Air, MD under the Section 8 program is 10.2%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Bel Air, MD, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 337 |
Total Units Section 8 | 337 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 84.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,500 | $1,550 |
| 2 Bedroom | $200 | $1,700 | $1,900 |
| 3 Bedroom | $50 | $2,400 | $2,450 |
| 4 Bedroom | -$170 | $2,900 | $2,730 |
Affordability — Bel Air, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $443,000 |
| Median Household Income | $114,000 |