Mechanicsville, MD—20622
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mechanicsville, MD
Home Price Trends — Mechanicsville, MD
As of Oct '25, the median home price in Mechanicsville, MD is $502,000, with a year-over-year change of 2.9%. This indicates that home prices in Mechanicsville, 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 | $502,000 | 2.9% |
| Single Family | $502,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $462,000 | 3.4% |
4 Bed | $565,000 | 1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mechanicsville, MD
As of July '25, Rentcast reports the average rent in Mechanicsville, MD is $2,800, with a year-over-year rent change of -4.4%. Detailed rent data by bedroom size is not available for Mechanicsville, MD. The most common rental property sizes in Mechanicsville, MD are 3-bedroom and 2-bedroom, accounting for 57.5% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mechanicsville, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Mechanicsville, MD is 42. 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $690,000 | 4.0% |
Listing Count | 12 | -20.0% |
| Listings as % of Homes | 1.3% | -20.0% |
Days on Market | 42 | 32.0% |
Demographics — Mechanicsville, MD
As of the latest ACS Survey released in 2023, Mechanicsville, MD has a population of 5,260, which has decreased by -16.5% over the past 5 years. Mechanicsville, MD is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,260 | -16.5% |
% Under 18 | 24.7% | -8.5% |
% Seniors | 17.2% | 0.0% |
% WFH | 5.4% | -10.0% |
% w/ College Degree | 24.5% | 26.9% |
As of the latest ACS Survey released in 2023, Mechanicsville, MD is a predominantly white area, with 78.2% of the population identifying as white. The white population has grown by 8.2% in the last 5 years. The second most common race or ethnicity in Mechanicsville, MD is black, making up 7.8% of the population. Foreign-born residents account for 5.8% of the population in Mechanicsville, MD, and this percentage has increased by 100.0% 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 | 78.2% | 8.2% |
% Black | 7.8% | -50.9% |
% Hispanic | 5.2% | 52.9% |
% Asian | 2.5% | 47.1% |
% Foreign Born | 5.8% | 100.0% |
Mortgage and Risk — Mechanicsville, MD
According to HUD data as of 2023, there were 94 mortgage originations in Mechanicsville, MD, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Mechanicsville, MD. Investor activity is low, as 0.0% 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 | 94 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Mechanicsville, MD
Mechanicsville, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 7.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,590 |
| 2 Bedroom | N/A | N/A | $1,790 |
| 3 Bedroom | N/A | N/A | $2,240 |
| 4 Bedroom | N/A | N/A | $2,680 |
Affordability — Mechanicsville, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $502,000 |
| Median Household Income | $119,000 |