Thurmont, MD—21788
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thurmont, MD
As of Oct '25, the median home price in Thurmont, MD is $390,000, with a year-over-year change of 4.5%. This indicates that home prices in Thurmont, MD are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $390,000 | 4.5% |
| Single Family | $393,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $296,000 | 1.7% |
3 Bed | $381,000 | 3.3% |
4 Bed | $470,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Thurmont, MD
As of July '25, Rentcast reports the average rent in Thurmont, MD is $1,920, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Thurmont, MD is 1-bedrooms: $1,200, 2-bedrooms: $1,520, 3-bedrooms: $2,190. The most common rental property sizes in Thurmont, MD are 3-bedroom and 1-bedroom, accounting for 33.2% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,450 | $1,520 |
| 3 Bed Rent | $2,100 | $2,190 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Thurmont, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Thurmont, MD is 42. This is a decrease of -23.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $432,000 | -4.0% |
Listing Count | 29 | 40.0% |
| Listings as % of Homes | 0.4% | 40.0% |
Days on Market | 42 | -23.0% |
Demographics — Thurmont, MD
As of the latest ACS Survey released in 2023, Thurmont, MD has a population of 11,900, which has increased by 3.1% over the past 5 years. Thurmont, MD is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 29.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | 3.1% |
% Under 18 | 18.9% | -8.7% |
% Seniors | 20.3% | 12.8% |
% WFH | 14.4% | 251.2% |
% w/ College Degree | 29.5% | 41.1% |
As of the latest ACS Survey released in 2023, Thurmont, MD is a predominantly white area, with 88.8% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Thurmont, MD is hispanic, making up 6.0% of the population. Foreign-born residents account for 3.2% of the population in Thurmont, MD, and this percentage has increased by 357.1% 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 | 88.8% | -8.0% |
% Black | 1.4% | 600.0% |
% Hispanic | 6.0% | 400.0% |
% Asian | 0.9% | 125.0% |
% Foreign Born | 3.2% | 357.1% |
Mortgage and Risk — Thurmont, MD
According to HUD data as of 2023, there were 217 mortgage originations in Thurmont, MD, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Thurmont, MD. Investor activity is low, as 2.0% 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 | 217 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Thurmont, MD
Thurmont, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,200 | $1,230 |
| 2 Bedroom | -$70 | $1,450 | $1,380 |
| 3 Bedroom | -$370 | $2,100 | $1,730 |
| 4 Bedroom | N/A | N/A | $2,040 |
Affordability — Thurmont, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $390,000 |
| Median Household Income | $93,700 |