Parkville, MD—21234
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parkville, MD
As of Oct '25, the median home price in Parkville, MD is $300,000, with a year-over-year change of 2.6%. This indicates that home prices in Parkville, MD are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $300,000 | 2.6% |
| Single Family | $302,000 | 2.7% |
| Condos | $193,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $225,000 | 1.8% |
3 Bed | $296,000 | 2.1% |
4 Bed | $359,000 | 2.0% |
| 5 Bed | $422,000 | 0.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Parkville, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Parkville, MD is 33. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter 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 | $340,000 | 0.0% |
Listing Count | 179 | 6.0% |
| Listings as % of Homes | 0.4% | 6.0% |
Days on Market | 33 | -7.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Parkville, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $300,000 |
| Median Household Income | $83,100 |