Mechanicsville, MD 20659 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Mechanicsville, MD—20659

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$425,000

2.0% YoY Growth

Household Income

$118,000

23.9% YoY Growth

Days on Market

31

27.0% Shorter YoY

Home Price Forecast

0.4%

Median Rent

$2,200

8.0% YoY Growth

1-Bed Rent

$1,600

25.0% YoY Growth

2-Bed Rent

$1,900

36.4% YoY Growth

3-Bed Rent

$2,400

3.8% YoY Growth

Other Zip Codes in Mechanicsville, MD

Home Price Trends — Mechanicsville, MD

As of Nov '25, the median home price in Mechanicsville, MD is $425,000, with a year-over-year change of 2.0%. This indicates that home prices in Mechanicsville, MD are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$425,000	2.0%
Single Family	$425,000	1.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mechanicsville, MD

As of July '25, Rentcast reports the average rent in Mechanicsville, MD is $2,420, with a year-over-year rent change of 8.0%. Per bedroom, the median rent as of July '25 in Mechanicsville, MD is studios: $2,000, 1-bedrooms: $1,600, 2-bedrooms: $1,950, 3-bedrooms: $2,470, 4-bedrooms: $3,350. The most common rental property sizes in Mechanicsville, MD are 3-bedroom and 4-bedroom, accounting for 43.9% and 27.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,420
Studio Rent	$2,000	$2,000
1 Bed Rent	$1,600	$1,600
2 Bed Rent	$1,900	$1,950
3 Bed Rent	$2,400	$2,470
4 Bed Rent	$3,500	$3,350

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% of Rental Stock

2 Bedrooms

23.7%

3 Bedrooms

43.9%

4 Bedrooms

27.9%

5+ Bedrooms

4.5%

Property Listings — Mechanicsville, MD

As of Nov '25, Realtor.com reports that the median days on market for a home in Mechanicsville, MD is 31. This is a decrease of -27.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$480,000	-1.0%
Listing Count	62	14.0%
Listings as % of Homes	0.5%	14.0%
Days on Market	31	-27.0%

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Demographics — Mechanicsville, MD

As of the latest ACS Survey released in 2023, Mechanicsville, MD has a population of 23,900, which has increased by 2.4% over the past 5 years. Mechanicsville, MD is a popular place for families, as children make up 28.2% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,900	2.4%
% Under 18	28.2%	21.0%
% Seniors	15.0%	4.2%
% WFH	14.5%	367.7%
% w/ College Degree	25.8%	26.5%

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As of the latest ACS Survey released in 2023, Mechanicsville, MD is a predominantly white area, with 85.5% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Mechanicsville, MD is black, making up 6.7% of the population. Foreign-born residents account for 2.4% of the population in Mechanicsville, MD, and this percentage has increased by 4.3% 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	85.5%	1.3%
% Black	6.7%	-32.3%
% Hispanic	3.1%	6.9%
% Asian	0.6%	-45.5%
% Foreign Born	2.4%	4.3%

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Mortgage and Risk — Mechanicsville, MD

According to HUD data as of 2023, there were 439 mortgage originations in Mechanicsville, MD, of which 62.0% 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 Mechanicsville, MD. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	439
% Conventional Loans	62.0%
% Government Loans	38.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	19.0%

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Rentals and Section 8 — Mechanicsville, MD

As of 2024, the percent of homes in Mechanicsville, MD under the Section 8 program is 6.7%. 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 units appear to be good home sizes to consider for Section 8 housing in Mechanicsville, MD, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	49
Total Units Section 8	49
% Rentals under Section 8	6.7%
% Occupied Section 8	71.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$30	$1,600	$1,630
2 Bedroom	-$70	$1,900	$1,830
3 Bedroom	-$110	$2,400	$2,290
4 Bedroom	-$680	$3,500	$2,820