Sykesville, MD—21784
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sykesville, MD
As of Oct '25, the median home price in Sykesville, MD is $552,000, with a year-over-year change of 2.2%. This indicates that home prices in Sykesville, MD are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $552,000 | 2.2% |
| Single Family | $564,000 | 1.8% |
| Condos | $309,000 | -1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $305,000 | -2.2% |
3 Bed | $479,000 | 1.9% |
4 Bed | $655,000 | 1.7% |
| 5 Bed | $793,000 | 1.4% |
% of Housing Stock
Rental Trends — Sykesville, MD
As of July '25, Rentcast reports the average rent in Sykesville, MD is $2,440, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Sykesville, MD is 1-bedrooms: $1,640, 2-bedrooms: $2,000, 3-bedrooms: $2,690, 4-bedrooms: $3,030. The most common rental property sizes in Sykesville, MD are 2-bedroom and 3-bedroom, accounting for 40.8% and 35.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,630 | $1,640 |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $2,750 | $2,690 |
| 4 Bed Rent | $2,850 | $3,030 |
% of Rental Stock
Property Listings — Sykesville, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Sykesville, MD is 26. This is a decrease of -13.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $522,000 | 1.0% |
Listing Count | 142 | 75.0% |
| Listings as % of Homes | 0.5% | 75.0% |
Days on Market | 26 | -13.0% |
Demographics — Sykesville, MD
As of the latest ACS Survey released in 2023, Sykesville, MD has a population of 37,800, which has decreased by -1.5% over the past 5 years. Sykesville, MD is a moderately popular place for families, as children make up 24.2% of the population. The area has a highly educated workforce, with 53.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,800 | -1.5% |
% Under 18 | 24.2% | 6.6% |
% Seniors | 15.3% | 3.4% |
% WFH | 20.2% | 267.3% |
% w/ College Degree | 53.2% | 17.7% |
As of the latest ACS Survey released in 2023, Sykesville, MD is a predominantly white area, with 79.8% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Sykesville, MD is black, making up 6.0% of the population. Foreign-born residents account for 6.2% of the population in Sykesville, MD, and this percentage has increased by 47.6% 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 | 79.8% | -9.4% |
% Black | 6.0% | 76.5% |
% Hispanic | 5.8% | 65.7% |
% Asian | 4.1% | 46.4% |
% Foreign Born | 6.2% | 47.6% |
Mortgage and Risk — Sykesville, MD
According to HUD data as of 2023, there were 741 mortgage originations in Sykesville, MD, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Sykesville, MD. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 741 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Sykesville, MD
As of 2024, the percent of homes in Sykesville, MD under the Section 8 program is 6.8%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Sykesville, MD, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 133 |
Total Units Section 8 | 113 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 79.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,630 | $1,690 |
| 2 Bedroom | $70 | $2,000 | $2,070 |
| 3 Bedroom | -$90 | $2,750 | $2,660 |
| 4 Bedroom | $130 | $2,850 | $2,980 |
Affordability — Sykesville, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $552,000 |
| Median Household Income | $141,000 |