Princess Anne, MD—21853
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Princess Anne, MD
As of Oct '25, the median home price in Princess Anne, MD is $218,000, with a year-over-year change of 3.4%. This indicates that home prices in Princess Anne, MD are increasing. 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 | $218,000 | 3.4% |
| Single Family | $218,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $154,000 | -1.9% |
3 Bed | $231,000 | 3.1% |
4 Bed | $303,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Princess Anne, MD
As of July '25, Rentcast reports the average rent in Princess Anne, MD is $1,290, with a year-over-year rent change of -17.8%. Per bedroom, the median rent as of July '25 in Princess Anne, MD is 1-bedrooms: $850, 2-bedrooms: $1,300, 3-bedrooms: $1,400, 4-bedrooms: $1,370. The most common rental property sizes in Princess Anne, MD are 2-bedroom and 3-bedroom, accounting for 39.0% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,300 | $1,400 |
| 4 Bed Rent | $1,300 | $1,370 |
% of Rental Stock
Property Listings — Princess Anne, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Princess Anne, MD is 83. This is a decrease of -2.0% 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 | $286,000 | -9.0% |
Listing Count | 39 | 13.0% |
| Listings as % of Homes | 0.4% | 13.0% |
Days on Market | 83 | -2.0% |
Demographics — Princess Anne, MD
As of the latest ACS Survey released in 2023, Princess Anne, MD has a population of 11,200, which has decreased by -4.5% over the past 5 years. Princess Anne, MD is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,200 | -4.5% |
% Under 18 | 22.0% | 30.2% |
% Seniors | 14.1% | 34.3% |
% WFH | 8.8% | 225.9% |
% w/ College Degree | 21.7% | 24.0% |
As of the latest ACS Survey released in 2023, Princess Anne, MD is a predominantly black area, with 52.2% of the population identifying as black. The black population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Princess Anne, MD is white, making up 38.3% of the population. Foreign-born residents account for 4.9% of the population in Princess Anne, MD, and this percentage has decreased by 51.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 38.3% | -4.0% |
% Black | 52.2% | -6.5% |
% Hispanic | 5.6% | 229.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.9% | -51.0% |
Mortgage and Risk — Princess Anne, MD
According to HUD data as of 2023, there were 109 mortgage originations in Princess Anne, MD, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Princess Anne, MD. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 109 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Princess Anne, MD
As of 2024, the percent of homes in Princess Anne, MD under the Section 8 program is 12.5%. 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 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Princess Anne, MD, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 242 |
Total Units Section 8 | 211 |
% Rentals under Section 8 | 12.5% |
% Occupied Section 8 | 87.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $850 | $960 |
| 2 Bedroom | -$40 | $1,300 | $1,260 |
| 3 Bedroom | $330 | $1,300 | $1,630 |
| 4 Bedroom | $400 | $1,300 | $1,700 |
Affordability — Princess Anne, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $218,000 |
| Median Household Income | $51,700 |