Annapolis, MD—21409
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 $581,000, with a year-over-year change of 1.3%. This indicates that home prices in Annapolis, 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 | $581,000 | 1.3% |
| Single Family | $591,000 | 1.2% |
| Condos | $503,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $463,000 | 0.9% |
3 Bed | $500,000 | 1.2% |
4 Bed | $693,000 | 1.0% |
| 5 Bed | $1,037,000 | 2.9% |
% of Housing Stock
Rental Trends — Annapolis, MD
As of July '25, Rentcast reports the average rent in Annapolis, MD is $3,550, with a year-over-year rent change of 25.9%. Per bedroom, the median rent as of July '25 in Annapolis, MD is 2-bedrooms: $2,900, 3-bedrooms: $2,960, 4-bedrooms: $5,110. The most common rental property sizes in Annapolis, MD are 3-bedroom and 1-bedroom, accounting for 59.7% and 13.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,950 | $3,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,800 | $2,900 |
| 3 Bed Rent | $2,550 | $2,960 |
| 4 Bed Rent | $4,300 | $5,110 |
% 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 42. This is a increase of 65.0% 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 | $619,000 | -3.0% |
Listing Count | 66 | 20.0% |
| Listings as % of Homes | 0.4% | 20.0% |
Days on Market | 42 | 65.0% |
Demographics — Annapolis, MD
As of the latest ACS Survey released in 2023, Annapolis, MD has a population of 20,200, which has remained stable by -0.9% over the past 5 years. Annapolis, MD is a moderately popular place for families, as children make up 24.2% of the population. The area has a highly educated workforce, with 57.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,200 | -0.9% |
% Under 18 | 24.2% | 4.3% |
% Seniors | 18.6% | 6.3% |
% WFH | 22.3% | 232.8% |
% w/ College Degree | 57.4% | 4.7% |
As of the latest ACS Survey released in 2023, Annapolis, MD is a predominantly white area, with 80.2% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Annapolis, MD is hispanic, making up 7.1% of the population. Foreign-born residents account for 6.9% of the population in Annapolis, MD, and this percentage has increased by 32.7% 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 | 80.2% | -3.5% |
% Black | 4.4% | -18.5% |
% Hispanic | 7.1% | 4.4% |
% Asian | 2.8% | 64.7% |
% Foreign Born | 6.9% | 32.7% |
Mortgage and Risk — Annapolis, MD
According to HUD data as of 2023, there were 363 mortgage originations in Annapolis, MD, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Annapolis, MD. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 363 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Annapolis, MD
Annapolis, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 184 |
Total Units Section 8 | 184 |
% Rentals under Section 8 | 26.0% |
% Occupied Section 8 | 77.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,340 |
| 2 Bedroom | $60 | $2,800 | $2,860 |
| 3 Bedroom | $1,130 | $2,550 | $3,680 |
| 4 Bedroom | -$190 | $4,300 | $4,110 |
Affordability — Annapolis, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $581,000 |
| Median Household Income | $147,000 |