Pikesville, MD—21208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pikesville, MD
As of Oct '25, the median home price in Pikesville, MD is $367,000, with a year-over-year change of 0.5%. This indicates that home prices in Pikesville, MD are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $367,000 | 0.5% |
| Single Family | $404,000 | 0.7% |
| Condos | $240,000 | -2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $237,000 | -0.8% |
3 Bed | $359,000 | 0.3% |
4 Bed | $463,000 | 1.1% |
| 5 Bed | $770,000 | 1.3% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Pikesville, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Pikesville, MD is 54. This is a increase of 13.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $387,000 | 2.0% |
Listing Count | 139 | 22.0% |
| Listings as % of Homes | 0.5% | 22.0% |
Days on Market | 54 | 13.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Pikesville, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $367,000 |
| Median Household Income | $90,800 |