Pikesville, MD 21208 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Pikesville, MD—21208

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$364,000

0.6% YoY Growth

Household Income

$90,800

13.8% YoY Growth

Days on Market

25.0% Longer YoY

Home Price Forecast

0.4%

Median Rent

$1,900

1.4% YoY Growth

1-Bed Rent

$1,370

14.7% YoY Growth

2-Bed Rent

$1,880

9.0% YoY Growth

3-Bed Rent

$2,600

23.3% YoY Growth

Home Price Trends — Pikesville, MD

As of Dec '25, the median home price in Pikesville, MD is $364,000, with a year-over-year change of 0.6%. This indicates that home prices in Pikesville, MD are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$364,000	0.6%
Single Family	$401,000	0.8%
Condos	$239,000	-2.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Pikesville, MD

As of July '25, Rentcast reports the average rent in Pikesville, MD is $2,110, with a year-over-year rent change of 1.4%. Per bedroom, the median rent as of July '25 in Pikesville, MD is studios: $1,080, 1-bedrooms: $1,450, 2-bedrooms: $1,820, 3-bedrooms: $2,910, 4-bedrooms: $2,920. The most common rental property sizes in Pikesville, MD are 2-bedroom and 1-bedroom, accounting for 53.3% and 23.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,900	$2,110
Studio Rent	$1,080	$1,080
1 Bed Rent	$1,370	$1,450
2 Bed Rent	$1,880	$1,820
3 Bed Rent	$2,600	$2,910
4 Bed Rent	$3,000	$2,920

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% of Rental Stock

Studio

3.0%

1 Bedroom

23.5%

2 Bedrooms

53.3%

3 Bedrooms

13.8%

4 Bedrooms

2.0%

5+ Bedrooms

4.4%

Property Listings — Pikesville, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in Pikesville, MD is 53. This is a increase of 16.0% 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	$382,000	7.0%
Listing Count	123	6.0%
Listings as % of Homes	0.5%	6.0%
Days on Market	69	25.0%

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Demographics — Pikesville, MD

As of the latest ACS Survey released in 2023, Pikesville, MD has a population of 38,100, which has increased by 4.6% over the past 5 years. Pikesville, MD is a moderately popular place for families, as children make up 20.6% of the population. The area has a highly educated workforce, with 49.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	38,100	4.6%
% Under 18	20.6%	2.5%
% Seniors	25.2%	-1.9%
% WFH	17.7%	156.5%
% w/ College Degree	49.2%	-3.9%

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As of the latest ACS Survey released in 2023, Pikesville, MD is a predominantly white area, with 47.1% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Pikesville, MD is black, making up 43.8% of the population. Foreign-born residents account for 12.0% of the population in Pikesville, MD, and this percentage has increased by 0.8% 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	47.1%	-7.5%
% Black	43.8%	6.3%
% Hispanic	4.1%	5.1%
% Asian	2.7%	-6.9%
% Foreign Born	12.0%	0.8%

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Mortgage and Risk — Pikesville, MD

According to HUD data as of 2023, there were 466 mortgage originations in Pikesville, MD, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Pikesville, MD. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	466
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	19.0%

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Rentals and Section 8 — Pikesville, MD

As of 2024, the percent of homes in Pikesville, MD under the Section 8 program is 6.5%. 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. In Pikesville, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	642
Total Units Section 8	341
% Rentals under Section 8	6.5%
% Occupied Section 8	84.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$370	$1,370	$1,740
2 Bedroom	$250	$1,880	$2,130
3 Bedroom	$140	$2,600	$2,740
4 Bedroom	$60	$3,000	$3,060

Pikesville, MD—21208

Key Metrics at a Glance

Home Price Trends — Pikesville, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pikesville, MD

% of Rental Stock

Property Listings — Pikesville, MD

Demographics — Pikesville, MD

Race and Ethnicity

Mortgage and Risk — Pikesville, MD

Mortgages

Rentals and Section 8 — Pikesville, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Pikesville, MD

Home Price to Income Ratio

Pikesville, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Stevenson

Park Heights, Baltimore, MD

Mount Washington, Baltimore, MD

Powhatan Hill, MD

Owings Mills, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$364,000
Median Household Income	$90,800

Pikesville, MD—21208

Key Metrics at a Glance

Home Price Trends — Pikesville, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pikesville, MD

% of Rental Stock

Property Listings — Pikesville, MD

Demographics — Pikesville, MD

Race and Ethnicity

Mortgage and Risk — Pikesville, MD

Mortgages

Rentals and Section 8 — Pikesville, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Pikesville, MD

Home Price to Income Ratio

Pikesville, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Stevenson

Park Heights, Baltimore, MD

Mount Washington, Baltimore, MD

Powhatan Hill, MD

Owings Mills, MD

Frequently Asked Questions

What is the average home price in Pikesville, MD 21208?

How have home prices in Pikesville, MD 21208 changed over the past year?

What is the home price projection for Pikesville, MD 21208?

What are the demographics of Pikesville, MD 21208?

How long does it take homes to sell in Pikesville, MD 21208?

What is the average rent price in Pikesville, MD 21208?