Elkridge, MD 21075 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elkridge, MD—21075

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$483,000

0.4% YoY Growth

Household Income

$133,000

29.0% YoY Growth

Days on Market

11.0% Longer YoY

Home Price Forecast

0.5%

Median Rent

$2,900

2.2% YoY Growth

1-Bed Rent

$1,700

11.9% YoY Growth

2-Bed Rent

$2,100

17.1% YoY Growth

3-Bed Rent

$3,000

2.7% YoY Growth

Home Price Trends — Elkridge, MD

As of Dec '25, the median home price in Elkridge, MD is $483,000, with a year-over-year change of 0.4%. This indicates that home prices in Elkridge, MD are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$483,000	0.4%
Single Family	$500,000	0.0%
Condos	$351,000	-0.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Elkridge, MD

As of July '25, Rentcast reports the average rent in Elkridge, MD is $2,780, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Elkridge, MD is 1-bedrooms: $1,780, 2-bedrooms: $2,030, 3-bedrooms: $3,010, 4-bedrooms: $3,450. The most common rental property sizes in Elkridge, MD are 2-bedroom and 3-bedroom, accounting for 53.6% and 20.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,900	$2,780
Studio Rent	N/A	N/A
1 Bed Rent	$1,700	$1,780
2 Bed Rent	$2,100	$2,030
3 Bed Rent	$3,000	$3,010
4 Bed Rent	$3,500	$3,450

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% of Rental Stock

Studio

2.0%

1 Bedroom

18.4%

2 Bedrooms

53.6%

3 Bedrooms

20.7%

4 Bedrooms

5.3%

Property Listings — Elkridge, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in Elkridge, MD is 38. 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$469,000	-10.0%
Listing Count	61	25.0%
Listings as % of Homes	0.2%	25.0%
Days on Market	50	11.0%

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Demographics — Elkridge, MD

As of the latest ACS Survey released in 2023, Elkridge, MD has a population of 37,100, which has increased by 14.3% over the past 5 years. Elkridge, MD is a popular place for families, as children make up 27.7% of the population. The area has a highly educated workforce, with 57.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,100	14.3%
% Under 18	27.7%	1.5%
% Seniors	8.2%	2.5%
% WFH	20.9%	301.9%
% w/ College Degree	57.7%	8.5%

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As of the latest ACS Survey released in 2023, Elkridge, MD is a predominantly white area, with 38.9% of the population identifying as white. The white population has shrunk by 24.3% in the last 5 years. The second most common race or ethnicity in Elkridge, MD is black, making up 25.7% of the population. Foreign-born residents account for 24.2% of the population in Elkridge, MD, and this percentage has increased by 26.0% 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	38.9%	-24.3%
% Black	25.7%	26.6%
% Hispanic	10.9%	-1.8%
% Asian	20.0%	41.8%
% Foreign Born	24.2%	26.0%

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Mortgage and Risk — Elkridge, MD

According to HUD data as of 2023, there were 499 mortgage originations in Elkridge, MD, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Elkridge, MD. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	499
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Elkridge, MD

As of 2024, the percent of homes in Elkridge, MD under the Section 8 program is 5.3%. 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 Elkridge, 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	251
Total Units Section 8	238
% Rentals under Section 8	5.3%
% Occupied Section 8	83.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$370	$1,700	$2,070
2 Bedroom	$430	$2,100	$2,530
3 Bedroom	$260	$3,000	$3,260
4 Bedroom	$140	$3,500	$3,640

Elkridge, MD—21075

Key Metrics at a Glance

Home Price Trends — Elkridge, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elkridge, MD

% of Rental Stock

Property Listings — Elkridge, MD

Demographics — Elkridge, MD

Race and Ethnicity

Mortgage and Risk — Elkridge, MD

Mortgages

Rentals and Section 8 — Elkridge, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Elkridge, MD

Home Price to Income Ratio

Elkridge, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Hanover, MD

Jessup, MD

Knollview

Catonsville, MD

Ellicott City, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$483,000
Median Household Income	$133,000

Elkridge, MD—21075

Key Metrics at a Glance

Home Price Trends — Elkridge, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elkridge, MD

% of Rental Stock

Property Listings — Elkridge, MD

Demographics — Elkridge, MD

Race and Ethnicity

Mortgage and Risk — Elkridge, MD

Mortgages

Rentals and Section 8 — Elkridge, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Elkridge, MD

Home Price to Income Ratio

Elkridge, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Hanover, MD

Jessup, MD

Knollview

Catonsville, MD

Ellicott City, MD

Frequently Asked Questions

What is the average home price in Elkridge, MD 21075?

How have home prices in Elkridge, MD 21075 changed over the past year?

What is the home price projection for Elkridge, MD 21075?

What are the demographics of Elkridge, MD 21075?

How long does it take homes to sell in Elkridge, MD 21075?

What is the average rent price in Elkridge, MD 21075?