Parkton, MD—21120
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parkton, MD
As of Oct '25, the median home price in Parkton, MD is $635,000, with a year-over-year change of 2.5%. This indicates that home prices in Parkton, MD are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $635,000 | 2.5% |
| Single Family | $635,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $535,000 | 3.5% |
4 Bed | $698,000 | 1.6% |
| 5 Bed | $831,000 | 1.3% |
% of Housing Stock
Rental Trends — Parkton, MD
As of July '25, Rentcast reports the average rent in Parkton, MD is $3,200, with a year-over-year rent change of 5.6%. Per bedroom, the median rent as of July '25 in Parkton, MD is 4-bedrooms: $3,200. The most common rental property sizes in Parkton, MD are 3-bedroom and 2-bedroom, accounting for 64.1% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,200 | $3,200 |
% of Rental Stock
Property Listings — Parkton, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Parkton, MD is 23. This is a decrease of -54.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $722,000 | 23.0% |
Listing Count | 18 | -11.0% |
| Listings as % of Homes | 0.2% | -11.0% |
Days on Market | 23 | -54.0% |
Demographics — Parkton, MD
As of the latest ACS Survey released in 2023, Parkton, MD has a population of 7,290, which has remained stable by 1.0% over the past 5 years. Parkton, MD is a popular place for families, as children make up 27.0% of the population. The area has a highly educated workforce, with 62.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,290 | 1.0% |
% Under 18 | 27.0% | 18.9% |
% Seniors | 17.2% | -1.7% |
% WFH | 22.9% | 146.2% |
% w/ College Degree | 62.0% | 42.2% |
As of the latest ACS Survey released in 2023, Parkton, MD is a predominantly white area, with 86.8% 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 Parkton, MD is hispanic, making up 4.6% of the population. Foreign-born residents account for 3.1% of the population in Parkton, MD, and this percentage has decreased by 50.0% 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 | 86.8% | -3.3% |
% Black | 1.6% | -38.5% |
% Hispanic | 4.6% | 170.6% |
% Asian | 3.0% | -21.1% |
% Foreign Born | 3.1% | -50.0% |
Mortgage and Risk — Parkton, MD
According to HUD data as of 2023, there were 155 mortgage originations in Parkton, MD, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Parkton, MD. Investor activity is low, as 1.0% 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 | 155 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Parkton, MD
Parkton, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 7.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,960 |
| 2 Bedroom | N/A | N/A | $2,400 |
| 3 Bedroom | N/A | N/A | $3,090 |
| 4 Bedroom | $250 | $3,200 | $3,450 |
Affordability — Parkton, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $635,000 |
| Median Household Income | $157,000 |