Annapolis, MD—21401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Annapolis, MD
As of Oct '25, the median home price in Annapolis, MD is $615,000, with a year-over-year change of 2.1%. This indicates that home prices in Annapolis, MD are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $615,000 | 2.1% |
| Single Family | $662,000 | 1.5% |
| Condos | $384,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $367,000 | 1.4% |
2 Bed | $444,000 | 1.8% |
3 Bed | $624,000 | 1.1% |
4 Bed | $859,000 | 1.3% |
| 5 Bed | $1,122,000 | 2.4% |
% of Housing Stock
Rental Trends — Annapolis, MD
As of July '25, Rentcast reports the average rent in Annapolis, MD is $2,840, with a year-over-year rent change of 11.8%. Per bedroom, the median rent as of July '25 in Annapolis, MD is studios: $1,770, 1-bedrooms: $1,980, 2-bedrooms: $2,820, 3-bedrooms: $3,100, 4-bedrooms: $4,310. The most common rental property sizes in Annapolis, MD are 2-bedroom and 1-bedroom, accounting for 40.5% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,840 |
| Studio Rent | $1,840 | $1,770 |
| 1 Bed Rent | $2,050 | $1,980 |
| 2 Bed Rent | $2,650 | $2,820 |
| 3 Bed Rent | $3,000 | $3,100 |
| 4 Bed Rent | $4,000 | $4,310 |
% of Rental Stock
Property Listings — Annapolis, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Annapolis, MD is 43. This is a decrease of -2.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $699,000 | -2.0% |
Listing Count | 175 | 20.0% |
| Listings as % of Homes | 0.4% | 20.0% |
Days on Market | 43 | -2.0% |
Demographics — Annapolis, MD
As of the latest ACS Survey released in 2023, Annapolis, MD has a population of 39,100, which has increased by 5.5% over the past 5 years. Annapolis, MD is a moderately popular place for families, as children make up 18.2% of the population. The area has a highly educated workforce, with 60.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,100 | 5.5% |
% Under 18 | 18.2% | 5.8% |
% Seniors | 25.9% | 10.2% |
% WFH | 19.6% | 197.0% |
% w/ College Degree | 60.8% | 13.4% |
As of the latest ACS Survey released in 2023, Annapolis, MD is a predominantly white area, with 68.7% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Annapolis, MD is black, making up 14.6% of the population. Foreign-born residents account for 8.9% of the population in Annapolis, MD, and this percentage has decreased by 8.2% 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 | 68.7% | -3.9% |
% Black | 14.6% | -6.4% |
% Hispanic | 8.8% | -11.1% |
% Asian | 4.3% | 95.5% |
% Foreign Born | 8.9% | -8.2% |
Mortgage and Risk — Annapolis, MD
According to HUD data as of 2023, there were 658 mortgage originations in Annapolis, MD, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Annapolis, MD. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 658 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Annapolis, MD
As of 2024, the percent of homes in Annapolis, MD under the Section 8 program is 17.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Annapolis, MD, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,296 |
Total Units Section 8 | 1,245 |
% Rentals under Section 8 | 17.3% |
% Occupied Section 8 | 84.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $2,050 | $2,120 |
| 2 Bedroom | -$50 | $2,650 | $2,600 |
| 3 Bedroom | $350 | $3,000 | $3,350 |
| 4 Bedroom | -$260 | $4,000 | $3,740 |
Affordability — Annapolis, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $615,000 |
| Median Household Income | $119,000 |