Powhatan Hill, MD—21207
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Powhatan Hill, MD
As of Oct '25, the median home price in Powhatan Hill, MD is $283,000, with a year-over-year change of 3.4%. This indicates that home prices in Powhatan Hill, 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 | $283,000 | 3.4% |
| Single Family | $284,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 4.1% |
3 Bed | $291,000 | 2.8% |
4 Bed | $338,000 | 2.7% |
| 5 Bed | $366,000 | 1.9% |
% of Housing Stock
Rental Trends — Powhatan Hill, MD
As of July '25, Rentcast reports the average rent in Powhatan Hill, MD is $1,590, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Powhatan Hill, MD is studios: $1,170, 1-bedrooms: $1,220, 2-bedrooms: $1,430, 3-bedrooms: $1,980, 4-bedrooms: $2,360. The most common rental property sizes in Powhatan Hill, MD are 2-bedroom and 1-bedroom, accounting for 40.4% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,590 |
| Studio Rent | $1,030 | $1,170 |
| 1 Bed Rent | $1,240 | $1,220 |
| 2 Bed Rent | $1,450 | $1,430 |
| 3 Bed Rent | $1,980 | $1,980 |
| 4 Bed Rent | $2,650 | $2,360 |
% of Rental Stock
Property Listings — Powhatan Hill, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Powhatan Hill, MD is 35. 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $344,000 | 0.0% |
Listing Count | 126 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 35 | 6.0% |
Demographics — Powhatan Hill, MD
As of the latest ACS Survey released in 2023, Powhatan Hill, MD has a population of 49,600, which has increased by 4.0% over the past 5 years. Powhatan Hill, MD is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 30.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,600 | 4.0% |
% Under 18 | 22.3% | 18.6% |
% Seniors | 17.4% | -9.4% |
% WFH | 10.9% | 373.9% |
% w/ College Degree | 30.8% | 17.6% |
As of the latest ACS Survey released in 2023, Powhatan Hill, MD is a predominantly black area, with 79.0% of the population identifying as black. The black population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Powhatan Hill, MD is white, making up 8.3% of the population. Foreign-born residents account for 13.1% of the population in Powhatan Hill, MD, and this percentage has increased by 14.9% 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 | 8.3% | -8.8% |
% Black | 79.0% | -5.4% |
% Hispanic | 7.3% | 114.7% |
% Asian | 3.2% | 113.3% |
% Foreign Born | 13.1% | 14.9% |
Mortgage and Risk — Powhatan Hill, MD
According to HUD data as of 2023, there were 598 mortgage originations in Powhatan Hill, MD, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Powhatan Hill, MD. Investor activity is low, as 2.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 598 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Powhatan Hill, MD
As of 2024, the percent of homes in Powhatan Hill, MD under the Section 8 program is 13.9%. 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 Powhatan Hill, MD, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,107 |
Total Units Section 8 | 1,017 |
% Rentals under Section 8 | 13.9% |
% Occupied Section 8 | 87.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,240 | $1,430 |
| 2 Bedroom | $300 | $1,450 | $1,750 |
| 3 Bedroom | $290 | $1,980 | $2,270 |
| 4 Bedroom | -$80 | $2,650 | $2,570 |
Affordability — Powhatan Hill, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $283,000 |
| Median Household Income | $64,300 |