Grasonville, MD—21638
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grasonville, MD
As of Oct '25, the median home price in Grasonville, MD is $566,000, with a year-over-year change of 3.8%. This indicates that home prices in Grasonville, MD are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $566,000 | 3.8% |
| Single Family | $563,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $344,000 | 1.8% |
3 Bed | $503,000 | 2.7% |
4 Bed | $632,000 | 0.5% |
| 5 Bed | $861,000 | 2.7% |
% of Housing Stock
Rental Trends — Grasonville, MD
As of July '25, Rentcast reports the average rent in Grasonville, MD is $2,600, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Grasonville, MD is 1-bedrooms: $1,780, 2-bedrooms: $1,930, 3-bedrooms: $3,120, 4-bedrooms: $3,500. The most common rental property sizes in Grasonville, MD are 3-bedroom and 2-bedroom, accounting for 33.7% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,780 | $1,780 |
| 2 Bed Rent | $1,900 | $1,930 |
| 3 Bed Rent | $3,000 | $3,120 |
| 4 Bed Rent | $3,000 | $3,500 |
% of Rental Stock
Property Listings — Grasonville, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Grasonville, MD is 50. This is a decrease of -22.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $760,000 | 45.0% |
Listing Count | 38 | 0.0% |
| Listings as % of Homes | 1.2% | 0.0% |
Days on Market | 50 | -22.0% |
Demographics — Grasonville, MD
As of the latest ACS Survey released in 2023, Grasonville, MD has a population of 5,070, which has decreased by -2.7% over the past 5 years. Grasonville, MD is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 43.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,070 | -2.7% |
% Under 18 | 23.2% | -5.7% |
% Seniors | 19.1% | 0.0% |
% WFH | 19.9% | 145.7% |
% w/ College Degree | 43.2% | 10.5% |
As of the latest ACS Survey released in 2023, Grasonville, MD is a predominantly white area, with 80.4% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Grasonville, MD is hispanic, making up 5.4% of the population. Foreign-born residents account for 4.5% of the population in Grasonville, MD, and this percentage has increased by 136.8% 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 | 80.4% | -7.8% |
% Black | 5.0% | -46.2% |
% Hispanic | 5.4% | 350.0% |
% Asian | 0.4% | 0.0% |
% Foreign Born | 4.5% | 136.8% |
Mortgage and Risk — Grasonville, MD
According to HUD data as of 2023, there were 134 mortgage originations in Grasonville, MD, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Grasonville, MD. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 134 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Grasonville, MD
As of 2024, the percent of homes in Grasonville, MD under the Section 8 program is 15.2%. 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 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Grasonville, MD, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 40 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 15.2% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,780 | $1,890 |
| 2 Bedroom | $410 | $1,900 | $2,310 |
| 3 Bedroom | -$30 | $3,000 | $2,970 |
| 4 Bedroom | $320 | $3,000 | $3,320 |
Affordability — Grasonville, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $566,000 |
| Median Household Income | $131,000 |