Parkville, MD 21234 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Parkville, MD—21234

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$297,000

2.4% YoY Growth

Household Income

$83,100

28.9% YoY Growth

Days on Market

22.0% Longer YoY

Home Price Forecast

0.4%

Median Rent

$1,990

17.9% YoY Growth

1-Bed Rent

$1,200

7.4% YoY Growth

2-Bed Rent

$1,530

1.9% YoY Growth

3-Bed Rent

$2,100

3.3% YoY Growth

Home Price Trends — Parkville, MD

As of Dec '25, the median home price in Parkville, MD is $297,000, with a year-over-year change of 2.4%. This indicates that home prices in Parkville, MD are increasing. 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	$297,000	2.4%
Single Family	$300,000	2.4%
Condos	$192,000	0.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Parkville, MD

As of July '25, Rentcast reports the average rent in Parkville, MD is $1,910, with a year-over-year rent change of 17.9%. Per bedroom, the median rent as of July '25 in Parkville, MD is studios: $450, 1-bedrooms: $1,260, 2-bedrooms: $1,590, 3-bedrooms: $2,180, 4-bedrooms: $2,570. The most common rental property sizes in Parkville, MD are 2-bedroom and 1-bedroom, accounting for 50.2% and 30.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,990	$1,910
Studio Rent	$450	$450
1 Bed Rent	$1,200	$1,260
2 Bed Rent	$1,530	$1,590
3 Bed Rent	$2,100	$2,180
4 Bed Rent	$2,450	$2,570

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% of Rental Stock

Studio

3.0%

1 Bedroom

30.8%

2 Bedrooms

50.2%

3 Bedrooms

13.2%

4 Bedrooms

1.9%

5+ Bedrooms

1.0%

Property Listings — Parkville, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in Parkville, MD is 38. This is a increase of 8.0% 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	$336,000	-3.0%
Listing Count	175	3.0%
Listings as % of Homes	0.4%	3.0%
Days on Market	43	22.0%

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Demographics — Parkville, MD

As of the latest ACS Survey released in 2023, Parkville, MD has a population of 65,000, which has decreased by -5.7% over the past 5 years. Parkville, MD is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 36.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	65,000	-5.7%
% Under 18	21.0%	4.0%
% Seniors	18.9%	2.7%
% WFH	13.3%	478.3%
% w/ College Degree	36.5%	12.0%

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As of the latest ACS Survey released in 2023, Parkville, MD is a predominantly white area, with 57.9% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Parkville, MD is black, making up 29.0% of the population. Foreign-born residents account for 9.6% of the population in Parkville, MD, and this percentage has decreased by 9.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	57.9%	-5.2%
% Black	29.0%	4.3%
% Hispanic	4.9%	16.7%
% Asian	5.1%	2.0%
% Foreign Born	9.6%	-9.4%

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Mortgage and Risk — Parkville, MD

According to HUD data as of 2023, there were 953 mortgage originations in Parkville, MD, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Parkville, MD. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	953
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	4.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Parkville, MD

As of 2024, the percent of homes in Parkville, MD under the Section 8 program is 10.4%. 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 Parkville, 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	1,006
Total Units Section 8	999
% Rentals under Section 8	10.4%
% Occupied Section 8	85.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$330	$1,200	$1,530
2 Bedroom	$340	$1,530	$1,870
3 Bedroom	$310	$2,100	$2,410
4 Bedroom	$240	$2,450	$2,690

Parkville, MD—21234

Key Metrics at a Glance

Home Price Trends — Parkville, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Parkville, MD

% of Rental Stock

Property Listings — Parkville, MD

Demographics — Parkville, MD

Race and Ethnicity

Mortgage and Risk — Parkville, MD

Mortgages

Rentals and Section 8 — Parkville, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Parkville, MD

Home Price to Income Ratio

Parkville, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Towson, MD

Nottingham, MD

Lauraville, Baltimore, MD

Frankford, Baltimore, MD

Glen Arm, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$297,000
Median Household Income	$83,100

Parkville, MD—21234

Key Metrics at a Glance

Home Price Trends — Parkville, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Parkville, MD

% of Rental Stock

Property Listings — Parkville, MD

Demographics — Parkville, MD

Race and Ethnicity

Mortgage and Risk — Parkville, MD

Mortgages

Rentals and Section 8 — Parkville, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Parkville, MD

Home Price to Income Ratio

Parkville, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Towson, MD

Nottingham, MD

Lauraville, Baltimore, MD

Frankford, Baltimore, MD

Glen Arm, MD

Frequently Asked Questions

What is the average home price in Parkville, MD 21234?

How have home prices in Parkville, MD 21234 changed over the past year?

What is the home price projection for Parkville, MD 21234?

What are the demographics of Parkville, MD 21234?

How long does it take homes to sell in Parkville, MD 21234?

What is the average rent price in Parkville, MD 21234?