Edgewood, MD—21040
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Edgewood, MD
As of Oct '25, the median home price in Edgewood, MD is $262,000, with a year-over-year change of 1.4%. This indicates that home prices in Edgewood, MD are increasing. 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 | $262,000 | 1.4% |
| Single Family | $275,000 | 1.1% |
| Condos | $129,000 | 7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $148,000 | -0.7% |
3 Bed | $267,000 | 1.9% |
4 Bed | $320,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Edgewood, MD
As of July '25, Rentcast reports the average rent in Edgewood, MD is $1,670, with a year-over-year rent change of 6.4%. Per bedroom, the median rent as of July '25 in Edgewood, MD is 1-bedrooms: $1,340, 2-bedrooms: $1,500, 3-bedrooms: $1,790, 4-bedrooms: $2,170. The most common rental property sizes in Edgewood, MD are 2-bedroom and 3-bedroom, accounting for 34.6% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,640 | $1,670 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,340 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,790 | $1,790 |
| 4 Bed Rent | $2,000 | $2,170 |
% of Rental Stock
Property Listings — Edgewood, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Edgewood, MD is 51. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter 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 | $314,000 | 14.0% |
Listing Count | 71 | 31.0% |
| Listings as % of Homes | 0.4% | 31.0% |
Days on Market | 51 | -8.0% |
Demographics — Edgewood, MD
As of the latest ACS Survey released in 2023, Edgewood, MD has a population of 25,300, which has increased by 3.5% over the past 5 years. Edgewood, MD is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,300 | 3.5% |
% Under 18 | 24.1% | -11.1% |
% Seniors | 13.5% | 31.1% |
% WFH | 9.3% | 830.0% |
% w/ College Degree | 23.2% | 20.2% |
As of the latest ACS Survey released in 2023, Edgewood, MD is a predominantly black area, with 45.2% of the population identifying as black. The black population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Edgewood, MD is white, making up 36.0% of the population. Foreign-born residents account for 7.6% of the population in Edgewood, MD, and this percentage has increased by 10.1% 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 | 36.0% | -10.4% |
% Black | 45.2% | 1.1% |
% Hispanic | 9.6% | 17.1% |
% Asian | 1.5% | 25.0% |
% Foreign Born | 7.6% | 10.1% |
Mortgage and Risk — Edgewood, MD
According to HUD data as of 2023, there were 302 mortgage originations in Edgewood, MD, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Edgewood, MD. Investor activity is low, as 4.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 302 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Edgewood, MD
As of 2024, the percent of homes in Edgewood, MD under the Section 8 program is 30.0%. 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. In Edgewood, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 937 |
Total Units Section 8 | 937 |
% Rentals under Section 8 | 30.0% |
% Occupied Section 8 | 83.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,350 | $1,480 |
| 2 Bedroom | $310 | $1,500 | $1,810 |
| 3 Bedroom | $540 | $1,790 | $2,330 |
| 4 Bedroom | $600 | $2,000 | $2,600 |
Affordability — Edgewood, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $262,000 |
| Median Household Income | $86,900 |