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Annapolis, MD—21409

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$574,000
1.2% YoY Growth
Household Income
$147,000
23.7% YoY Growth
Days on Market
56
1.0% Longer YoY
Home Price Forecast
0.5%
Median Rent
$2,950
25.9% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$2,800
37.4% YoY Growth
3-Bed Rent
$2,550
9.6% YoY Growth

Other Zip Codes in Annapolis, MD

2140321401
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Annapolis, MD

As of Dec '25, the median home price in Annapolis, MD is $574,000, with a year-over-year change of 1.2%. This indicates that home prices in Annapolis, MD are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$574,0001.2%
Single Family $584,0001.0%
Condos $500,0002.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$458,0000.9%
    3 Bed
    		$496,0001.2%
    4 Bed
    		$688,0001.2%
    5 Bed $1,030,3643.0%
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    % of Housing Stock

    Studio
    1.3%
    1 Bedroom
    1.3%
    2 Bedrooms
    6.0%
    3 Bedrooms
    46.1%
    4 Bedrooms
    35.1%
    5+ Bedrooms
    10.1%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,950$3,550
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $2,800$2,900
    3 Bed Rent $2,550$2,960
    4 Bed Rent $4,300$5,110
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    % of Rental Stock

    Studio
    10.4%
    1 Bedroom
    13.3%
    2 Bedrooms
    9.4%
    3 Bedrooms
    59.7%
    4 Bedrooms
    4.7%
    5+ Bedrooms
    2.4%

    Property Listings — Annapolis, MD

    As of Dec '25, Realtor.com reports that the median days on market for a home in Annapolis, MD is 38. This is a increase of 36.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$681,0003.0%
    Listing Count
    		5213.0%
    Listings as % of Homes0.4%13.0%
    Days on Market
    		561.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/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

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$574,000
    Median Household Income$147,000

    Annapolis, MD — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    21402

    Arnold, MD

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    Frequently Asked Questions