North East, MD—21901
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North East, MD
As of Oct '25, the median home price in North East, MD is $389,000, with a year-over-year change of 2.4%. This indicates that home prices in North East, MD are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $389,000 | 2.4% |
| Single Family | $394,000 | 1.8% |
| Condos | $325,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $273,000 | 1.9% |
3 Bed | $351,000 | 1.7% |
4 Bed | $501,000 | 2.5% |
| 5 Bed | $550,000 | 1.9% |
% of Housing Stock
Rental Trends — North East, MD
As of July '25, Rentcast reports the average rent in North East, MD is $1,760, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in North East, MD is 1-bedrooms: $1,640, 2-bedrooms: $1,710, 3-bedrooms: $2,250. The most common rental property sizes in North East, MD are 3-bedroom and 2-bedroom, accounting for 37.1% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,690 | $1,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,580 | $1,640 |
| 2 Bed Rent | $1,800 | $1,710 |
| 3 Bed Rent | $2,250 | $2,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North East, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in North East, MD is 44. This is a increase of 61.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $483,000 | 2.0% |
Listing Count | 88 | -3.0% |
| Listings as % of Homes | 0.7% | -3.0% |
Days on Market | 44 | 61.0% |
Demographics — North East, MD
As of the latest ACS Survey released in 2023, North East, MD has a population of 19,600, which has increased by 10.7% over the past 5 years. North East, MD is a moderately popular place for families, as children make up 25.0% of the population. The area has a moderately educated workforce, with 33.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,600 | 10.7% |
% Under 18 | 25.0% | 12.1% |
% Seniors | 11.6% | -28.8% |
% WFH | 13.0% | 209.5% |
% w/ College Degree | 33.0% | 37.5% |
As of the latest ACS Survey released in 2023, North East, MD is a predominantly white area, with 85.0% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in North East, MD is black, making up 6.9% of the population. Foreign-born residents account for 1.9% of the population in North East, MD, and this percentage has decreased by 54.8% 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 | 85.0% | -2.6% |
% Black | 6.9% | 30.2% |
% Hispanic | 3.0% | -6.2% |
% Asian | 0.7% | -73.1% |
% Foreign Born | 1.9% | -54.8% |
Mortgage and Risk — North East, MD
According to HUD data as of 2023, there were 439 mortgage originations in North East, MD, of which 69.0% 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 North East, MD. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 439 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — North East, MD
North East, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 257 |
Total Units Section 8 | 257 |
% Rentals under Section 8 | 14.4% |
% Occupied Section 8 | 87.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,580 | $1,540 |
| 2 Bedroom | $30 | $1,800 | $1,830 |
| 3 Bedroom | -$50 | $2,250 | $2,200 |
| 4 Bedroom | N/A | N/A | $2,510 |
Affordability — North East, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $389,000 |
| Median Household Income | $113,000 |