Thurmont, MD 21788 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Thurmont, MD—21788

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$388,000

3.9% YoY Growth

Household Income

$93,700

28.0% YoY Growth

Days on Market

97.0% Longer YoY

Home Price Forecast

-0.1%

Median Rent

$2,000

2.1% YoY Growth

1-Bed Rent

$1,200

60.0% YoY Growth

2-Bed Rent

$1,450

6.2% YoY Growth

3-Bed Rent

$2,100

0.9% YoY Growth

Home Price Trends — Thurmont, MD

As of Dec '25, the median home price in Thurmont, MD is $388,000, with a year-over-year change of 3.9%. This indicates that home prices in Thurmont, 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	$388,000	3.9%
Single Family	$391,000	2.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.8%

1 Bedroom

28.3%

2 Bedrooms

27.8%

3 Bedrooms

33.2%

4 Bedrooms

8.9%

Property Listings — Thurmont, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in Thurmont, MD is 58. This is a increase of 46.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$400,000	-5.0%
Listing Count	21	1.0%
Listings as % of Homes	0.4%	1.0%
Days on Market	69	97.0%

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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%

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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%

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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%

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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

Thurmont, MD—21788

Key Metrics at a Glance

Home Price Trends — Thurmont, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Thurmont, MD

% of Rental Stock

Property Listings — Thurmont, MD

Demographics — Thurmont, MD

Race and Ethnicity

Mortgage and Risk — Thurmont, MD

Mortgages

Rentals and Section 8 — Thurmont, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Thurmont, MD

Home Price to Income Ratio

Thurmont, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Rocky Ridge, MD

Sabillasville, MD

Frederick, MD

Walkersville, MD

Emmitsburg, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$388,000
Median Household Income	$93,700

Thurmont, MD—21788

Key Metrics at a Glance

Home Price Trends — Thurmont, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Thurmont, MD

% of Rental Stock

Property Listings — Thurmont, MD

Demographics — Thurmont, MD

Race and Ethnicity

Mortgage and Risk — Thurmont, MD

Mortgages

Rentals and Section 8 — Thurmont, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Thurmont, MD

Home Price to Income Ratio

Thurmont, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Rocky Ridge, MD

Sabillasville, MD

Frederick, MD

Walkersville, MD

Emmitsburg, MD

Frequently Asked Questions

What is the average home price in Thurmont, MD 21788?

How have home prices in Thurmont, MD 21788 changed over the past year?

What is the home price projection for Thurmont, MD 21788?

What are the demographics of Thurmont, MD 21788?

How long does it take homes to sell in Thurmont, MD 21788?

What is the average rent price in Thurmont, MD 21788?