Grasonville, MD 21638 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Grasonville, MD—21638

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$561,000

3.5% YoY Growth

Household Income

$131,000

35.2% YoY Growth

Days on Market

23.0% Shorter YoY

Home Price Forecast

0.8%

Median Rent

$2,000

3.0% YoY Growth

1-Bed Rent

$1,780

1.1% YoY Growth

2-Bed Rent

$1,900

16.8% YoY Growth

3-Bed Rent

$3,000

17.7% YoY Growth

Home Price Trends — Grasonville, MD

As of Dec '25, the median home price in Grasonville, MD is $561,000, with a year-over-year change of 3.5%. This indicates that home prices in Grasonville, MD are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$561,000	3.5%
Single Family	$556,000	2.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

21.6%

2 Bedrooms

31.3%

3 Bedrooms

33.7%

4 Bedrooms

13.4%

Property Listings — Grasonville, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in Grasonville, MD is 58. This is a decrease of -27.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$610,000	31.0%
Listing Count	27	-15.0%
Listings as % of Homes	1.2%	-15.0%
Days on Market	68	-23.0%

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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%

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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%

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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%

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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

Grasonville, MD—21638

Key Metrics at a Glance

Home Price Trends — Grasonville, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grasonville, MD

% of Rental Stock

Property Listings — Grasonville, MD

Demographics — Grasonville, MD

Race and Ethnicity

Mortgage and Risk — Grasonville, MD

Mortgages

Rentals and Section 8 — Grasonville, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Grasonville, MD

Home Price to Income Ratio

Grasonville, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Queenstown, MD

Chester, MD

Wye Mills, MD

Stevensville, MD

Saint Michaels, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$561,000
Median Household Income	$131,000

Grasonville, MD—21638

Key Metrics at a Glance

Home Price Trends — Grasonville, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grasonville, MD

% of Rental Stock

Property Listings — Grasonville, MD

Demographics — Grasonville, MD

Race and Ethnicity

Mortgage and Risk — Grasonville, MD

Mortgages

Rentals and Section 8 — Grasonville, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Grasonville, MD

Home Price to Income Ratio

Grasonville, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Queenstown, MD

Chester, MD

Wye Mills, MD

Stevensville, MD

Saint Michaels, MD

Frequently Asked Questions

What is the average home price in Grasonville, MD 21638?

How have home prices in Grasonville, MD 21638 changed over the past year?

What is the home price projection for Grasonville, MD 21638?

What are the demographics of Grasonville, MD 21638?

How long does it take homes to sell in Grasonville, MD 21638?

What is the average rent price in Grasonville, MD 21638?