Ellicott City, MD—21042
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Ellicott City, MD
Home Price Trends — Ellicott City, MD
As of Oct '25, the median home price in Ellicott City, MD is $789,000, with a year-over-year change of 1.2%. This indicates that home prices in Ellicott City, 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 | $789,000 | 1.3% |
| Single Family | $800,000 | 0.9% |
| Condos | $359,000 | -0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $338,000 | -1.2% |
3 Bed | $631,000 | 0.6% |
4 Bed | $818,000 | 0.6% |
| 5 Bed | $1,020,000 | 0.4% |
% of Housing Stock
Rental Trends — Ellicott City, MD
As of July '25, Rentcast reports the average rent in Ellicott City, MD is $3,340, with a year-over-year rent change of 22.3%. Per bedroom, the median rent as of July '25 in Ellicott City, MD is 1-bedrooms: $1,080, 2-bedrooms: $2,240, 3-bedrooms: $3,550, 4-bedrooms: $3,680. The most common rental property sizes in Ellicott City, MD are 2-bedroom and 1-bedroom, accounting for 41.8% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,450 | $3,340 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $1,080 |
| 2 Bed Rent | $2,050 | $2,240 |
| 3 Bed Rent | $3,500 | $3,550 |
| 4 Bed Rent | $3,500 | $3,680 |
% of Rental Stock
Property Listings — Ellicott City, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Ellicott City, MD is 26. This is a increase of 5.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $801,000 | 2.0% |
Listing Count | 109 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 26 | 5.0% |
Demographics — Ellicott City, MD
As of the latest ACS Survey released in 2023, Ellicott City, MD has a population of 43,000, which has increased by 5.0% over the past 5 years. Ellicott City, MD is a popular place for families, as children make up 25.8% of the population. The area has a highly educated workforce, with 74.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,000 | 5.0% |
% Under 18 | 25.8% | 1.6% |
% Seniors | 19.0% | 16.6% |
% WFH | 26.2% | 223.5% |
% w/ College Degree | 74.7% | 6.3% |
As of the latest ACS Survey released in 2023, Ellicott City, MD is a predominantly white area, with 57.0% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Ellicott City, MD is asian, making up 29.3% of the population. Foreign-born residents account for 24.2% of the population in Ellicott City, MD, and this percentage has increased by 14.2% 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 | 57.0% | -7.2% |
% Black | 4.2% | -35.4% |
% Hispanic | 4.3% | 38.7% |
% Asian | 29.3% | 15.8% |
% Foreign Born | 24.2% | 14.2% |
Mortgage and Risk — Ellicott City, MD
According to HUD data as of 2023, there were 911 mortgage originations in Ellicott City, MD, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Ellicott City, MD. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 911 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Ellicott City, MD
As of 2024, the percent of homes in Ellicott City, MD under the Section 8 program is 3.9%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Ellicott City, MD, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 86 |
Total Units Section 8 | 86 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,300 | $850 | $2,150 |
| 2 Bedroom | $580 | $2,050 | $2,630 |
| 3 Bedroom | -$110 | $3,500 | $3,390 |
| 4 Bedroom | $280 | $3,500 | $3,780 |
Affordability — Ellicott City, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $789,000 |
| Median Household Income | $191,000 |