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Waldorf, MD—20602

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$392,000
1.5% YoY Growth
Household Income
$109,000
38.8% YoY Growth
Days on Market
23
12.0% Longer YoY
Home Price Forecast
-0.2%
Median Rent
$2,400
5.6% YoY Growth
1-Bed Rent
$1,020
21.5% YoY Growth
2-Bed Rent
$1,500
32.4% YoY Growth
3-Bed Rent
$2,300
2.8% YoY Growth

Other Zip Codes in Waldorf, MD

206012060320695
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Waldorf, MD

As of May '26, the median home price in Waldorf, MD is $392,000, with a year-over-year change of -1.5%. This indicates that home prices in Waldorf, MD are decreasing. 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 TypeMedian Home ValueYoY % Change
All Homes
$392,000-1.5%
Single Family $393,000-1.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$338,000-1.5%
    3 Bed
    		$366,000-1.1%
    4 Bed
    		$436,000-1.8%
    5 Bed $508,936-1.4%
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    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    5.6%
    2 Bedrooms
    16.5%
    3 Bedrooms
    43.5%
    4 Bedrooms
    26.5%
    5+ Bedrooms
    6.1%

    Rental Trends — Waldorf, MD

    As of July '25, Rentcast reports the average rent in Waldorf, MD is $2,360, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Waldorf, MD is 1-bedrooms: $1,170, 2-bedrooms: $1,420, 3-bedrooms: $2,390, 4-bedrooms: $2,880. The most common rental property sizes in Waldorf, MD are 2-bedroom and 3-bedroom, accounting for 45.1% and 23.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,400$2,360
    Studio Rent N/AN/A
    1 Bed Rent $1,020$1,170
    2 Bed Rent $1,500$1,420
    3 Bed Rent $2,300$2,390
    4 Bed Rent $2,800$2,880
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    % of Rental Stock

    Studio
    5.6%
    1 Bedroom
    17.2%
    2 Bedrooms
    45.1%
    3 Bedrooms
    23.8%
    4 Bedrooms
    7.6%
    5+ Bedrooms
    0.7%

    Property Listings — Waldorf, MD

    As of May '26, Realtor.com reports that the median days on market for a home in Waldorf, MD is 23. This is a increase of 12.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$415,0001.0%
    Listing Count
    		10529.0%
    Listings as % of Homes0.6%29.0%
    Days on Market
    		2312.0%
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    Demographics — Waldorf, MD

    As of the latest ACS Survey released in 2023, Waldorf, MD has a population of 29,400, which has increased by 12.8% over the past 5 years. Waldorf, MD is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		29,40012.8%
    % Under 18
    		24.3%-7.3%
    % Seniors
    		10.9%12.4%
    % WFH
    		11.8%461.9%
    % w/ College Degree
    		28.5%17.8%
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    As of the latest ACS Survey released in 2023, Waldorf, MD is a predominantly black area, with 63.0% of the population identifying as black. The black population has grown by 4.1% in the last 5 years. The second most common race or ethnicity in Waldorf, MD is white, making up 18.9% of the population. Foreign-born residents account for 11.5% of the population in Waldorf, MD, and this percentage has increased by 82.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		18.9%-24.7%
    % Black
    		63.0%4.1%
    % Hispanic
    		9.2%48.4%
    % Asian
    		1.8%-40.0%
    % Foreign Born
    		11.5%82.5%
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    Mortgage and Risk — Waldorf, MD

    According to HUD data as of 2023, there were 712 mortgage originations in Waldorf, MD, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Waldorf, MD. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		712
    % Conventional Loans
    		48.0%
    % Government Loans
    		52.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Waldorf, MD

    As of 2024, the percent of homes in Waldorf, MD under the Section 8 program is 23.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Waldorf, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		811
    Total Units Section 8
    		803
    % Rentals under Section 8
    		23.2%
    % Occupied Section 8
    		77.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$910$1,020$1,930
    2 Bedroom$670$1,500$2,170
    3 Bedroom$410$2,300$2,710
    4 Bedroom$400$2,800$3,200

    Affordability — Waldorf, MD

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.4
    Median Home Price$392,000
    Median Household Income$109,000

    Waldorf, MD — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Waldorf, MD

    20601

    Waldorf, MD

    20695

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    Waldorf, MD

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    Frequently Asked Questions