Boonsboro, MD—21713
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boonsboro, MD
As of Oct '25, the median home price in Boonsboro, MD is $405,000, with a year-over-year change of 4.5%. This indicates that home prices in Boonsboro, MD are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $405,000 | 4.5% |
| Single Family | $406,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $292,000 | 4.7% |
3 Bed | $381,000 | 3.8% |
4 Bed | $507,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Boonsboro, MD
As of July '25, Rentcast reports the average rent in Boonsboro, MD is $1,710, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Boonsboro, MD is 1-bedrooms: $997, 2-bedrooms: $1,470, 3-bedrooms: $2,400, 4-bedrooms: $2,900. The most common rental property sizes in Boonsboro, MD are 2-bedroom and 4-bedroom, accounting for 36.4% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,710 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $969 | $997 |
| 2 Bed Rent | $1,400 | $1,470 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | $2,900 | $2,900 |
% of Rental Stock
Property Listings — Boonsboro, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Boonsboro, MD is 32. This is a increase of 3.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $408,000 | 3.0% |
Listing Count | 39 | 25.0% |
| Listings as % of Homes | 0.5% | 25.0% |
Days on Market | 32 | 3.0% |
Demographics — Boonsboro, MD
As of the latest ACS Survey released in 2023, Boonsboro, MD has a population of 10,100, which has decreased by -2.2% over the past 5 years. Boonsboro, MD is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,100 | -2.2% |
% Under 18 | 23.8% | 4.8% |
% Seniors | 21.9% | 27.3% |
% WFH | 13.8% | 155.6% |
% w/ College Degree | 28.4% | 32.1% |
As of the latest ACS Survey released in 2023, Boonsboro, MD is a predominantly white area, with 90.4% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Boonsboro, MD is black, making up 5.2% of the population. Foreign-born residents account for 3.3% of the population in Boonsboro, MD, and this percentage has increased by 43.5% 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 | 90.4% | -5.3% |
% Black | 5.2% | 642.9% |
% Hispanic | 1.8% | 80.0% |
% Asian | 1.8% | 80.0% |
% Foreign Born | 3.3% | 43.5% |
Mortgage and Risk — Boonsboro, MD
According to HUD data as of 2023, there were 170 mortgage originations in Boonsboro, MD, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Boonsboro, MD. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 170 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Boonsboro, MD
As of 2024, the percent of homes in Boonsboro, MD under the Section 8 program is 6.1%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Boonsboro, MD, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 46 |
Total Units Section 8 | 46 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $271 | $969 | $1,240 |
| 2 Bedroom | $230 | $1,400 | $1,630 |
| 3 Bedroom | -$150 | $2,400 | $2,250 |
| 4 Bedroom | -$400 | $2,900 | $2,500 |
Affordability — Boonsboro, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $405,000 |
| Median Household Income | $102,000 |