Perry Hall, MD—21128
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Perry Hall, MD
As of Oct '25, the median home price in Perry Hall, MD is $436,000, with a year-over-year change of 0.9%. This indicates that home prices in Perry Hall, 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 | $436,000 | 0.9% |
| Single Family | $490,000 | 0.6% |
| Condos | $324,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $312,000 | 1.3% |
3 Bed | $393,000 | 1.3% |
4 Bed | $609,000 | -0.2% |
| 5 Bed | $712,000 | -1.0% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Perry Hall, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Perry Hall, MD is 20. This is a decrease of -8.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $424,000 | -8.0% |
Listing Count | 75 | 64.0% |
| Listings as % of Homes | 0.4% | 64.0% |
Days on Market | 20 | -8.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Perry Hall, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $436,000 |
| Median Household Income | $123,000 |