Benfield, MD—21108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Benfield, MD
As of Oct '25, the median home price in Benfield, MD is $602,000, with a year-over-year change of 1.2%. This indicates that home prices in Benfield, MD are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $602,000 | 1.2% |
| Single Family | $611,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $336,000 | 0.9% |
3 Bed | $485,000 | 1.0% |
4 Bed | $709,000 | 1.3% |
| 5 Bed | $896,000 | 2.4% |
% of Housing Stock
Rental Trends — Benfield, MD
As of July '25, Rentcast reports the average rent in Benfield, MD is $2,670, with a year-over-year rent change of 24.8%. Per bedroom, the median rent as of July '25 in Benfield, MD is 1-bedrooms: $1,670, 2-bedrooms: $2,010, 3-bedrooms: $2,960, 4-bedrooms: $3,900. The most common rental property sizes in Benfield, MD are 3-bedroom and 2-bedroom, accounting for 48.1% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,260 | $2,670 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,660 | $1,670 |
| 2 Bed Rent | $1,990 | $2,010 |
| 3 Bed Rent | $3,000 | $2,960 |
| 4 Bed Rent | $4,000 | $3,900 |
% of Rental Stock
Property Listings — Benfield, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Benfield, MD is 32. This is a increase of 55.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $588,000 | -1.0% |
Listing Count | 61 | 47.0% |
| Listings as % of Homes | 0.4% | 47.0% |
Days on Market | 32 | 55.0% |
Demographics — Benfield, MD
As of the latest ACS Survey released in 2023, Benfield, MD has a population of 17,900, which has decreased by -5.5% over the past 5 years. Benfield, MD is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 53.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | -5.5% |
% Under 18 | 23.1% | -9.1% |
% Seniors | 16.8% | 20.0% |
% WFH | 18.6% | 332.6% |
% w/ College Degree | 53.6% | 8.5% |
As of the latest ACS Survey released in 2023, Benfield, MD is a predominantly white area, with 72.5% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Benfield, MD is black, making up 9.7% of the population. Foreign-born residents account for 8.2% of the population in Benfield, MD, and this percentage has increased by 57.7% 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 | 72.5% | -3.3% |
% Black | 9.7% | -19.8% |
% Hispanic | 7.5% | 56.2% |
% Asian | 5.4% | 22.7% |
% Foreign Born | 8.2% | 57.7% |
Mortgage and Risk — Benfield, MD
According to HUD data as of 2023, there were 246 mortgage originations in Benfield, MD, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Benfield, MD. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 246 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Benfield, MD
As of 2024, the percent of homes in Benfield, MD under the Section 8 program is 4.4%. 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 Benfield, MD, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 52 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,660 | $1,980 |
| 2 Bedroom | $440 | $1,990 | $2,430 |
| 3 Bedroom | $130 | $3,000 | $3,130 |
| 4 Bedroom | -$510 | $4,000 | $3,490 |
Affordability — Benfield, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $602,000 |
| Median Household Income | $147,000 |