Westminster, MD—21157
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Westminster, MD
Home Price Trends — Westminster, MD
As of Oct '25, the median home price in Westminster, MD is $457,000, with a year-over-year change of 2.6%. This indicates that home prices in Westminster, 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 | $457,000 | 2.6% |
| Single Family | $462,000 | 2.2% |
| Condos | $241,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $259,000 | 0.4% |
3 Bed | $414,000 | 2.2% |
4 Bed | $566,000 | 1.8% |
| 5 Bed | $692,000 | 1.2% |
% of Housing Stock
Rental Trends — Westminster, MD
As of July '25, Rentcast reports the average rent in Westminster, MD is $1,800, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Westminster, MD is 1-bedrooms: $1,350, 2-bedrooms: $1,550, 3-bedrooms: $2,500, 4-bedrooms: $3,150. The most common rental property sizes in Westminster, MD are 1-bedroom and 2-bedroom, accounting for 35.3% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,350 |
| 2 Bed Rent | $1,600 | $1,550 |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | $2,950 | $3,150 |
% of Rental Stock
Property Listings — Westminster, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Westminster, MD is 37. This is a increase of 6.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $523,000 | 9.0% |
Listing Count | 118 | 24.0% |
| Listings as % of Homes | 0.4% | 24.0% |
Days on Market | 37 | 6.0% |
Demographics — Westminster, MD
As of the latest ACS Survey released in 2023, Westminster, MD has a population of 40,200, which has increased by 8.7% over the past 5 years. Westminster, MD is a moderately popular place for families, as children make up 20.3% of the population. The area has a moderately educated workforce, with 37.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,200 | 8.7% |
% Under 18 | 20.3% | 0.0% |
% Seniors | 18.6% | 8.8% |
% WFH | 15.2% | 171.4% |
% w/ College Degree | 37.2% | 10.1% |
As of the latest ACS Survey released in 2023, Westminster, MD is a predominantly white area, with 86.0% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Westminster, MD is hispanic, making up 6.2% of the population. Foreign-born residents account for 5.2% of the population in Westminster, MD, and this percentage has increased by 44.4% 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 | 86.0% | -4.1% |
% Black | 3.8% | 0.0% |
% Hispanic | 6.2% | 72.2% |
% Asian | 0.9% | -18.2% |
% Foreign Born | 5.2% | 44.4% |
Mortgage and Risk — Westminster, MD
According to HUD data as of 2023, there were 609 mortgage originations in Westminster, MD, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Westminster, MD. Investor activity is low, as 2.0% 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 | 609 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Westminster, MD
As of 2024, the percent of homes in Westminster, MD under the Section 8 program is 22.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Westminster, MD, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 803 |
Total Units Section 8 | 803 |
% Rentals under Section 8 | 22.9% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,400 | $1,430 |
| 2 Bedroom | $150 | $1,600 | $1,750 |
| 3 Bedroom | -$230 | $2,500 | $2,270 |
| 4 Bedroom | -$380 | $2,950 | $2,570 |
Affordability — Westminster, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $457,000 |
| Median Household Income | $103,000 |