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Paramount-Long Meadow, MD—21742

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$340,000
3.1% YoY Growth
Household Income
$80,500
22.5% YoY Growth
Days on Market
84
31.0% Longer YoY
Home Price Forecast
2.1%
Median Rent
$1,500
0.6% YoY Growth
1-Bed Rent
$1,140
19.7% YoY Growth
2-Bed Rent
$1,380
9.9% YoY Growth
3-Bed Rent
$1,850
1.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Paramount-Long Meadow, MD

As of Dec '25, the median home price in Paramount-Long Meadow, MD is $340,000, with a year-over-year change of 3.1%. This indicates that home prices in Paramount-Long Meadow, MD are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$340,0003.1%
Single Family $342,0002.4%
Condos $261,0000.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$264,0000.8%
    3 Bed
    		$323,0002.5%
    4 Bed
    		$440,0003.3%
    5 Bed $523,6832.9%
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    % of Housing Stock

    Studio
    0.2%
    1 Bedroom
    4.8%
    2 Bedrooms
    27.0%
    3 Bedrooms
    44.5%
    4 Bedrooms
    18.1%
    5+ Bedrooms
    5.4%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,500$1,710
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    0.6%
    1 Bedroom
    13.3%
    2 Bedrooms
    42.2%
    3 Bedrooms
    35.5%
    4 Bedrooms
    6.5%
    5+ Bedrooms
    1.8%

    Property Listings — Paramount-Long Meadow, MD

    As of Dec '25, Realtor.com reports that the median days on market for a home in Paramount-Long Meadow, MD is 68. This is a increase of 39.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$391,0004.0%
    Listing Count
    		14740.0%
    Listings as % of Homes0.6%40.0%
    Days on Market
    		8431.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		35,1005.8%
    % Under 18
    		23.8%3.0%
    % Seniors
    		18.7%6.2%
    % WFH
    		12.6%231.6%
    % w/ College Degree
    		29.9%-11.5%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.8
    Median Home Price$340,000
    Median Household Income$80,500

    Paramount-Long Meadow, MD — ZIP Code Boundary Map

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    Nearby ZIP Codes

    State Line

    17263

    Funkstown

    21734

    Hagerstown, MD

    21740

    Maugansville, MD

    21767

    Smithsburg, MD

    21783

    Frequently Asked Questions