Perry Hall, MD 21128 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Perry Hall, MD—21128

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$432,000

0.7% YoY Growth

Household Income

$123,000

22.1% YoY Growth

Days on Market

8.0% Shorter YoY

Home Price Forecast

0.3%

Median Rent

$2,480

55.4% YoY Growth

1-Bed Rent

$1,450

4.3% YoY Growth

2-Bed Rent

$2,400

42.7% YoY Growth

3-Bed Rent

$2,580

12.2% YoY Growth

Home Price Trends — Perry Hall, MD

As of Dec '25, the median home price in Perry Hall, MD is $432,000, with a year-over-year change of 0.7%. This indicates that home prices in Perry Hall, MD are flat. 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	$432,000	0.7%
Single Family	$485,000	0.4%
Condos	$319,000	2.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Perry Hall, MD

As of July '25, Rentcast reports the average rent in Perry Hall, MD is $2,610, with a year-over-year rent change of 55.4%. Per bedroom, the median rent as of July '25 in Perry Hall, MD is 1-bedrooms: $1,450, 2-bedrooms: $2,340, 3-bedrooms: $2,670, 4-bedrooms: $3,300. The most common rental property sizes in Perry Hall, MD are 2-bedroom and 1-bedroom, accounting for 39.1% and 38.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,480	$2,610
Studio Rent	N/A	N/A
1 Bed Rent	$1,450	$1,450
2 Bed Rent	$2,400	$2,340
3 Bed Rent	$2,580	$2,670
4 Bed Rent	$3,100	$3,300

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% of Rental Stock

1 Bedroom

38.6%

2 Bedrooms

39.1%

3 Bedrooms

10.8%

4 Bedrooms

8.9%

5+ Bedrooms

2.6%

Property Listings — Perry Hall, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in Perry Hall, MD is 37. This is a decrease of -19.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$531,000	22.0%
Listing Count	78	134.0%
Listings as % of Homes	0.4%	134.0%
Days on Market	68	-8.0%

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Demographics — Perry Hall, MD

As of the latest ACS Survey released in 2023, Perry Hall, MD has a population of 15,000, which has increased by 3.7% over the past 5 years. Perry Hall, MD is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 54.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	15,000	3.7%
% Under 18	21.9%	-12.4%
% Seniors	17.3%	9.5%
% WFH	13.0%	202.3%
% w/ College Degree	54.1%	23.8%

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As of the latest ACS Survey released in 2023, Perry Hall, MD is a predominantly white area, with 66.1% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Perry Hall, MD is asian, making up 15.7% of the population. Foreign-born residents account for 17.2% of the population in Perry Hall, MD, and this percentage has increased by 17.0% 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	66.1%	0.9%
% Black	9.1%	-40.1%
% Hispanic	6.3%	293.8%
% Asian	15.7%	-1.3%
% Foreign Born	17.2%	17.0%

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Mortgage and Risk — Perry Hall, MD

According to HUD data as of 2023, there were 212 mortgage originations in Perry Hall, MD, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Perry Hall, MD. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	212
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Perry Hall, MD

As of 2024, the percent of homes in Perry Hall, MD under the Section 8 program is 4.8%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Perry Hall, MD, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	45
Total Units Section 8	45
% Rentals under Section 8	4.8%
% Occupied Section 8	84.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$220	$1,450	$1,670
2 Bedroom	-$350	$2,400	$2,050
3 Bedroom	$60	$2,580	$2,640
4 Bedroom	-$150	$3,100	$2,950

Perry Hall, MD—21128

Key Metrics at a Glance

Home Price Trends — Perry Hall, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Perry Hall, MD

% of Rental Stock

Property Listings — Perry Hall, MD

Demographics — Perry Hall, MD

Race and Ethnicity

Mortgage and Risk — Perry Hall, MD

Mortgages

Rentals and Section 8 — Perry Hall, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Perry Hall, MD

Home Price to Income Ratio

Perry Hall, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Nottingham, MD

White Marsh, MD

Kingsville, MD

Kingsville, MD

Hydes, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$432,000
Median Household Income	$123,000

Perry Hall, MD—21128

Key Metrics at a Glance

Home Price Trends — Perry Hall, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Perry Hall, MD

% of Rental Stock

Property Listings — Perry Hall, MD

Demographics — Perry Hall, MD

Race and Ethnicity

Mortgage and Risk — Perry Hall, MD

Mortgages

Rentals and Section 8 — Perry Hall, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Perry Hall, MD

Home Price to Income Ratio

Perry Hall, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Nottingham, MD

White Marsh, MD

Kingsville, MD

Kingsville, MD

Hydes, MD

Frequently Asked Questions

What is the average home price in Perry Hall, MD 21128?

How have home prices in Perry Hall, MD 21128 changed over the past year?

What is the home price projection for Perry Hall, MD 21128?

What are the demographics of Perry Hall, MD 21128?

How long does it take homes to sell in Perry Hall, MD 21128?

What is the average rent price in Perry Hall, MD 21128?