Dundalk, MD—21222
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dundalk, MD
As of Oct '25, the median home price in Dundalk, MD is $225,000, with a year-over-year change of 0.7%. This indicates that home prices in Dundalk, 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 | $225,000 | 0.7% |
| Single Family | $225,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $198,000 | 0.5% |
3 Bed | $234,000 | 0.9% |
4 Bed | $295,000 | 1.4% |
| 5 Bed | $342,000 | 1.2% |
% of Housing Stock
Rental Trends — Dundalk, MD
As of July '25, Rentcast reports the average rent in Dundalk, MD is $1,850, with a year-over-year rent change of 16.4%. Per bedroom, the median rent as of July '25 in Dundalk, MD is studios: $700, 1-bedrooms: $1,070, 2-bedrooms: $1,630, 3-bedrooms: $2,090, 4-bedrooms: $2,190. The most common rental property sizes in Dundalk, MD are 2-bedroom and 3-bedroom, accounting for 39.1% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,850 |
| Studio Rent | $700 | $700 |
| 1 Bed Rent | $1,080 | $1,070 |
| 2 Bed Rent | $1,700 | $1,630 |
| 3 Bed Rent | $2,000 | $2,090 |
| 4 Bed Rent | $2,100 | $2,190 |
% of Rental Stock
Property Listings — Dundalk, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Dundalk, MD is 44. This is a increase of 77.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $267,000 | -8.0% |
Listing Count | 183 | 37.0% |
| Listings as % of Homes | 0.5% | 37.0% |
Days on Market | 44 | 77.0% |
Demographics — Dundalk, MD
As of the latest ACS Survey released in 2023, Dundalk, MD has a population of 58,900, which has increased by 7.4% over the past 5 years. Dundalk, MD is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,900 | 7.4% |
% Under 18 | 25.1% | 7.7% |
% Seniors | 15.4% | -3.1% |
% WFH | 5.0% | 150.0% |
% w/ College Degree | 13.5% | 4.7% |
As of the latest ACS Survey released in 2023, Dundalk, MD is a predominantly white area, with 59.1% of the population identifying as white. The white population has shrunk by 20.0% in the last 5 years. The second most common race or ethnicity in Dundalk, MD is black, making up 18.7% of the population. Foreign-born residents account for 8.8% of the population in Dundalk, MD, and this percentage has increased by 31.3% 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 | 59.1% | -20.0% |
% Black | 18.7% | 47.2% |
% Hispanic | 15.0% | 134.4% |
% Asian | 2.4% | -29.4% |
% Foreign Born | 8.8% | 31.3% |
Mortgage and Risk — Dundalk, MD
According to HUD data as of 2023, there were 779 mortgage originations in Dundalk, MD, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Dundalk, MD. Investor activity is low, as 5.0% 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 | 779 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Dundalk, MD
As of 2024, the percent of homes in Dundalk, MD under the Section 8 program is 14.0%. 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 Dundalk, 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 | 1,122 |
Total Units Section 8 | 1,116 |
% Rentals under Section 8 | 14.0% |
% Occupied Section 8 | 85.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $1,080 | $1,430 |
| 2 Bedroom | $50 | $1,700 | $1,750 |
| 3 Bedroom | $270 | $2,000 | $2,270 |
| 4 Bedroom | $470 | $2,100 | $2,570 |
Affordability — Dundalk, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $225,000 |
| Median Household Income | $61,900 |