Ellicott City, MD—21043
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 $628,000, with a year-over-year change of 0.9%. This indicates that home prices in Ellicott City, MD are flat. 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 | $628,000 | 0.9% |
| Single Family | $673,000 | 0.4% |
| Condos | $373,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $353,000 | 0.3% |
3 Bed | $530,000 | -0.2% |
4 Bed | $775,000 | 0.4% |
| 5 Bed | $927,000 | -0.1% |
% of Housing Stock
Rental Trends — Ellicott City, MD
As of July '25, Rentcast reports the average rent in Ellicott City, MD is $2,960, with a year-over-year rent change of 31.0%. Per bedroom, the median rent as of July '25 in Ellicott City, MD is 1-bedrooms: $1,740, 2-bedrooms: $2,170, 3-bedrooms: $3,040, 4-bedrooms: $3,720. The most common rental property sizes in Ellicott City, MD are 2-bedroom and 1-bedroom, accounting for 41.2% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,740 |
| 2 Bed Rent | $2,050 | $2,170 |
| 3 Bed Rent | $3,000 | $3,040 |
| 4 Bed Rent | $3,300 | $3,720 |
% 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 30. This is a increase of 11.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $644,000 | 13.0% |
Listing Count | 98 | 35.0% |
| Listings as % of Homes | 0.4% | 35.0% |
Days on Market | 30 | 11.0% |
Demographics — Ellicott City, MD
As of the latest ACS Survey released in 2023, Ellicott City, MD has a population of 47,100, which has remained stable by 0.4% over the past 5 years. Ellicott City, MD is a moderately popular place for families, as children make up 25.0% of the population. The area has a highly educated workforce, with 64.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,100 | 0.4% |
% Under 18 | 25.0% | -1.6% |
% Seniors | 14.5% | 28.3% |
% WFH | 23.3% | 323.6% |
% w/ College Degree | 64.3% | -2.1% |
As of the latest ACS Survey released in 2023, Ellicott City, MD is a predominantly white area, with 48.7% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Ellicott City, MD is asian, making up 25.4% of the population. Foreign-born residents account for 25.4% of the population in Ellicott City, MD, and this percentage has decreased by 4.2% 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 | 48.7% | -7.1% |
% Black | 12.2% | 0.0% |
% Hispanic | 6.2% | 82.4% |
% Asian | 25.4% | -8.3% |
% Foreign Born | 25.4% | -4.2% |
Mortgage and Risk — Ellicott City, MD
According to HUD data as of 2023, there were 643 mortgage originations in Ellicott City, MD, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 17.0% 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. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 643 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
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 5.5%. 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. In Ellicott City, 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 | 315 |
Total Units Section 8 | 315 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,600 | $1,980 |
| 2 Bedroom | $380 | $2,050 | $2,430 |
| 3 Bedroom | $130 | $3,000 | $3,130 |
| 4 Bedroom | $190 | $3,300 | $3,490 |
Affordability — Ellicott City, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $628,000 |
| Median Household Income | $142,000 |