Clear Spring, MD—21722
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Clear Spring, MD
Home Price Trends — Clear Spring, MD
As of Oct '25, the median home price in Clear Spring, MD is $365,000, with a year-over-year change of 6.1%. This indicates that home prices in Clear Spring, MD are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | 6.1% |
| Single Family | $365,000 | 6.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $358,000 | 5.6% |
4 Bed | $454,000 | 6.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Clear Spring, MD
As of July '25, Rentcast reports the average rent in Clear Spring, MD is $2,720, with a year-over-year rent change of 75.5%. Per bedroom, the median rent as of July '25 in Clear Spring, MD is 3-bedrooms: $2,720. The most common rental property sizes in Clear Spring, MD are 2-bedroom and 3-bedroom, accounting for 42.7% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,600 | $2,720 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Clear Spring, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Clear Spring, MD is 40. This is a decrease of -20.0% 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 56.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $468,000 | 14.0% |
Listing Count | 18 | 75.0% |
| Listings as % of Homes | 0.2% | 75.0% |
Days on Market | 40 | -20.0% |
Demographics — Clear Spring, MD
As of the latest ACS Survey released in 2023, Clear Spring, MD has a population of 6,920, which has increased by 22.1% over the past 5 years. Clear Spring, MD is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,920 | 22.1% |
% Under 18 | 25.0% | 5.9% |
% Seniors | 18.5% | 0.0% |
% WFH | 3.9% | -59.8% |
% w/ College Degree | 22.7% | 56.6% |
As of the latest ACS Survey released in 2023, Clear Spring, MD is a predominantly white area, with 92.2% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Clear Spring, MD is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.7% of the population in Clear Spring, MD, and this percentage has increased by 54.5% 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 | 92.2% | -4.3% |
% Black | 1.1% | 266.7% |
% Hispanic | 2.3% | 109.1% |
% Asian | 0.9% | 125.0% |
% Foreign Born | 1.7% | 54.5% |
Mortgage and Risk — Clear Spring, MD
According to HUD data as of 2023, there were 81 mortgage originations in Clear Spring, MD, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Clear Spring, MD. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 81 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Clear Spring, MD
Clear Spring, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $910 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | -$960 | $2,600 | $1,640 |
| 4 Bedroom | N/A | N/A | $1,820 |
Affordability — Clear Spring, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $365,000 |
| Median Household Income | $86,300 |