Bel Air, MD—21015
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Bel Air, MD
Home Price Trends — Bel Air, MD
As of Oct '25, the median home price in Bel Air, MD is $476,000, with a year-over-year change of 1.3%. This indicates that home prices in Bel Air, MD are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $476,000 | 1.3% |
| Single Family | $505,000 | 1.6% |
| Condos | $266,000 | -2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $278,000 | -2.8% |
3 Bed | $385,000 | 0.8% |
4 Bed | $624,000 | 1.6% |
| 5 Bed | $783,000 | 0.8% |
% of Housing Stock
Rental Trends — Bel Air, MD
As of July '25, Rentcast reports the average rent in Bel Air, MD is $2,300, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Bel Air, MD is studios: $1,890, 1-bedrooms: $1,800, 2-bedrooms: $2,230, 3-bedrooms: $2,610. The most common rental property sizes in Bel Air, MD are 2-bedroom and 3-bedroom, accounting for 48.8% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,320 | $2,300 |
| Studio Rent | $1,890 | $1,890 |
| 1 Bed Rent | $1,960 | $1,800 |
| 2 Bed Rent | $2,320 | $2,230 |
| 3 Bed Rent | $2,500 | $2,610 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bel Air, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Bel Air, 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $584,000 | 28.0% |
Listing Count | 98 | 28.0% |
| Listings as % of Homes | 0.4% | 28.0% |
Days on Market | 44 | 61.0% |
Demographics — Bel Air, MD
As of the latest ACS Survey released in 2023, Bel Air, MD has a population of 30,500, which has increased by 4.3% over the past 5 years. Bel Air, MD is a moderately popular place for families, as children make up 24.9% of the population. The area has a highly educated workforce, with 52.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,500 | 4.3% |
% Under 18 | 24.9% | 0.4% |
% Seniors | 14.9% | 0.7% |
% WFH | 15.5% | 134.8% |
% w/ College Degree | 52.2% | 10.4% |
As of the latest ACS Survey released in 2023, Bel Air, MD is a predominantly white area, with 78.9% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Bel Air, MD is black, making up 7.8% of the population. Foreign-born residents account for 6.2% of the population in Bel Air, MD, and this percentage has decreased by 15.1% 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 | 78.9% | -3.4% |
% Black | 7.8% | 6.8% |
% Hispanic | 4.7% | 4.4% |
% Asian | 5.5% | 22.2% |
% Foreign Born | 6.2% | -15.1% |
Mortgage and Risk — Bel Air, MD
According to HUD data as of 2023, there were 601 mortgage originations in Bel Air, MD, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Bel Air, MD. Investor activity is low, as 1.0% 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 | 601 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Bel Air, MD
Bel Air, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 94 |
Total Units Section 8 | 94 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $1,960 | $1,710 |
| 2 Bedroom | -$230 | $2,320 | $2,090 |
| 3 Bedroom | $190 | $2,500 | $2,690 |
| 4 Bedroom | N/A | N/A | $3,010 |
Affordability — Bel Air, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $476,000 |
| Median Household Income | $137,000 |