Annapolis, MD—21403
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 $602,000, with a year-over-year change of 3.0%. This indicates that home prices in Annapolis, MD are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $602,000 | 3.0% |
| Single Family | $648,000 | 2.7% |
| Condos | $402,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $369,000 | 1.9% |
2 Bed | $403,000 | 1.8% |
3 Bed | $583,000 | 2.5% |
4 Bed | $803,000 | 3.1% |
| 5 Bed | $1,097,000 | 5.1% |
% of Housing Stock
Rental Trends — Annapolis, MD
As of July '25, Rentcast reports the average rent in Annapolis, MD is $2,900, with a year-over-year rent change of 20.3%. Per bedroom, the median rent as of July '25 in Annapolis, MD is 1-bedrooms: $1,980, 2-bedrooms: $2,340, 3-bedrooms: $3,560, 4-bedrooms: $4,090. The most common rental property sizes in Annapolis, MD are 2-bedroom and 1-bedroom, accounting for 45.2% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,990 | $1,980 |
| 2 Bed Rent | $2,200 | $2,340 |
| 3 Bed Rent | $2,800 | $3,560 |
| 4 Bed Rent | $3,600 | $4,090 |
% 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 39. This is a increase of 9.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $738,000 | -2.0% |
Listing Count | 142 | 39.0% |
| Listings as % of Homes | 0.5% | 39.0% |
Days on Market | 39 | 9.0% |
Demographics — Annapolis, MD
As of the latest ACS Survey released in 2023, Annapolis, MD has a population of 32,800, which has increased by 6.2% over the past 5 years. Annapolis, MD is a moderately popular place for families, as children make up 18.7% of the population. The area has a highly educated workforce, with 57.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,800 | 6.2% |
% Under 18 | 18.7% | -6.5% |
% Seniors | 21.8% | 19.1% |
% WFH | 17.9% | 184.1% |
% w/ College Degree | 57.6% | 6.5% |
As of the latest ACS Survey released in 2023, Annapolis, MD is a predominantly white area, with 64.6% of the population identifying as white. The white population has grown by 4.9% in the last 5 years. The second most common race or ethnicity in Annapolis, MD is hispanic, making up 19.4% of the population. Foreign-born residents account for 10.0% of the population in Annapolis, MD, and this percentage has decreased by 23.1% 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 | 64.6% | 4.9% |
% Black | 11.6% | -27.5% |
% Hispanic | 19.4% | 8.4% |
% Asian | 0.4% | -80.0% |
% Foreign Born | 10.0% | -23.1% |
Mortgage and Risk — Annapolis, MD
According to HUD data as of 2023, there were 609 mortgage originations in Annapolis, MD, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Annapolis, MD. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 609 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Annapolis, MD
As of 2024, the percent of homes in Annapolis, MD under the Section 8 program is 6.9%. 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. 2-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 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 813 |
Total Units Section 8 | 314 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 98.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,990 | $1,900 |
| 2 Bedroom | $130 | $2,200 | $2,330 |
| 3 Bedroom | $200 | $2,800 | $3,000 |
| 4 Bedroom | -$250 | $3,600 | $3,350 |
Affordability — Annapolis, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $602,000 |
| Median Household Income | $115,000 |