Paramount-Long Meadow, MD—21742
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paramount-Long Meadow, MD
As of Oct '25, the median home price in Paramount-Long Meadow, MD is $341,000, with a year-over-year change of 3.4%. This indicates that home prices in Paramount-Long Meadow, MD are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $341,000 | 3.4% |
| Single Family | $344,000 | 3.3% |
| Condos | $265,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $267,000 | 1.1% |
3 Bed | $325,000 | 3.2% |
4 Bed | $442,000 | 3.5% |
| 5 Bed | $527,000 | 3.5% |
% of Housing Stock
Rental Trends — Paramount-Long Meadow, MD
As of July '25, Rentcast reports the average rent in Paramount-Long Meadow, MD is $1,710, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Paramount-Long Meadow, MD is 1-bedrooms: $1,150, 2-bedrooms: $1,460, 3-bedrooms: $1,960, 4-bedrooms: $2,720. The most common rental property sizes in Paramount-Long Meadow, MD are 2-bedroom and 3-bedroom, accounting for 42.2% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,710 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,140 | $1,150 |
| 2 Bed Rent | $1,380 | $1,460 |
| 3 Bed Rent | $1,850 | $1,960 |
| 4 Bed Rent | $2,400 | $2,720 |
% of Rental Stock
Property Listings — Paramount-Long Meadow, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Paramount-Long Meadow, MD is 60. This is a increase of 29.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $378,000 | -4.0% |
Listing Count | 196 | 46.0% |
| Listings as % of Homes | 0.6% | 46.0% |
Days on Market | 60 | 29.0% |
Demographics — Paramount-Long Meadow, MD
As of the latest ACS Survey released in 2023, Paramount-Long Meadow, MD has a population of 35,100, which has increased by 5.8% over the past 5 years. Paramount-Long Meadow, 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 29.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,100 | 5.8% |
% Under 18 | 23.8% | 3.0% |
% Seniors | 18.7% | 6.2% |
% WFH | 12.6% | 231.6% |
% w/ College Degree | 29.9% | -11.5% |
As of the latest ACS Survey released in 2023, Paramount-Long Meadow, MD is a predominantly white area, with 69.8% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Paramount-Long Meadow, MD is hispanic, making up 10.5% of the population. Foreign-born residents account for 8.4% of the population in Paramount-Long Meadow, MD, and this percentage has increased by 7.7% 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 | 69.8% | -10.4% |
% Black | 10.4% | 2.0% |
% Hispanic | 10.5% | 94.4% |
% Asian | 2.7% | -22.9% |
% Foreign Born | 8.4% | 7.7% |
Mortgage and Risk — Paramount-Long Meadow, MD
According to HUD data as of 2023, there were 603 mortgage originations in Paramount-Long Meadow, MD, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Paramount-Long Meadow, MD. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 603 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Paramount-Long Meadow, MD
As of 2024, the percent of homes in Paramount-Long Meadow, MD under the Section 8 program is 9.3%. 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. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Paramount-Long Meadow, MD, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 423 |
Total Units Section 8 | 420 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,140 | $1,080 |
| 2 Bedroom | $40 | $1,380 | $1,420 |
| 3 Bedroom | $110 | $1,850 | $1,960 |
| 4 Bedroom | -$230 | $2,400 | $2,170 |
Affordability — Paramount-Long Meadow, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $341,000 |
| Median Household Income | $80,500 |