Salisbury, MD—21804
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Salisbury, MD
Home Price Trends — Salisbury, MD
As of Oct '25, the median home price in Salisbury, MD is $247,000, with a year-over-year change of -0.4%. This indicates that home prices in Salisbury, MD are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | -0.4% |
| Single Family | $253,000 | -0.4% |
| Condos | $173,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $127,000 | -8.6% |
2 Bed | $175,000 | 0.0% |
3 Bed | $256,000 | 0.8% |
4 Bed | $325,000 | 1.2% |
| 5 Bed | $422,000 | 2.2% |
% of Housing Stock
Rental Trends — Salisbury, MD
As of July '25, Rentcast reports the average rent in Salisbury, MD is $1,690, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Salisbury, MD is 1-bedrooms: $1,850, 2-bedrooms: $1,490, 3-bedrooms: $1,800, 4-bedrooms: $1,900. The most common rental property sizes in Salisbury, MD are 2-bedroom and 3-bedroom, accounting for 40.7% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,410 | $1,850 |
| 2 Bed Rent | $1,300 | $1,490 |
| 3 Bed Rent | $1,700 | $1,800 |
| 4 Bed Rent | $1,900 | $1,900 |
% of Rental Stock
Property Listings — Salisbury, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Salisbury, MD is 64. This is a increase of 32.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $269,000 | 2.0% |
Listing Count | 159 | 54.0% |
| Listings as % of Homes | 0.5% | 54.0% |
Days on Market | 64 | 32.0% |
Demographics — Salisbury, MD
As of the latest ACS Survey released in 2023, Salisbury, MD has a population of 39,500, which has decreased by -2.3% over the past 5 years. Salisbury, MD is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,500 | -2.3% |
% Under 18 | 21.8% | 2.8% |
% Seniors | 14.7% | 3.5% |
% WFH | 4.8% | 152.6% |
% w/ College Degree | 28.1% | 0.7% |
As of the latest ACS Survey released in 2023, Salisbury, MD is a predominantly white area, with 54.2% of the population identifying as white. The white population has shrunk by 10.7% in the last 5 years. The second most common race or ethnicity in Salisbury, MD is black, making up 30.4% of the population. Foreign-born residents account for 13.1% of the population in Salisbury, MD, and this percentage has increased by 56.0% 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 | 54.2% | -10.7% |
% Black | 30.4% | 5.2% |
% Hispanic | 7.3% | 62.2% |
% Asian | 3.5% | 12.9% |
% Foreign Born | 13.1% | 56.0% |
Mortgage and Risk — Salisbury, MD
According to HUD data as of 2023, there were 558 mortgage originations in Salisbury, MD, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Salisbury, MD. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 558 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Salisbury, MD
As of 2024, the percent of homes in Salisbury, MD under the Section 8 program is 7.2%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Salisbury, MD, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 607 |
Total Units Section 8 | 548 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 68.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $1,410 | $1,200 |
| 2 Bedroom | $270 | $1,300 | $1,570 |
| 3 Bedroom | $370 | $1,700 | $2,070 |
| 4 Bedroom | $180 | $1,900 | $2,080 |
Affordability — Salisbury, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $247,000 |
| Median Household Income | $68,900 |