Edgewood, MD 21040 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Edgewood, MD—21040

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$260,000

1.2% YoY Growth

Household Income

$86,900

41.9% YoY Growth

Days on Market

56.0% Longer YoY

Home Price Forecast

0.3%

Median Rent

$1,640

6.4% YoY Growth

1-Bed Rent

$1,350

4.7% YoY Growth

2-Bed Rent

$1,500

4.2% YoY Growth

3-Bed Rent

$1,790

5.9% YoY Growth

Home Price Trends — Edgewood, MD

As of Dec '25, the median home price in Edgewood, MD is $260,000, with a year-over-year change of 1.2%. This indicates that home prices in Edgewood, MD are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$260,000	1.2%
Single Family	$272,000	0.4%
Condos	$127,000	5.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Edgewood, MD

As of July '25, Rentcast reports the average rent in Edgewood, MD is $1,670, with a year-over-year rent change of 6.4%. Per bedroom, the median rent as of July '25 in Edgewood, MD is 1-bedrooms: $1,340, 2-bedrooms: $1,500, 3-bedrooms: $1,790, 4-bedrooms: $2,170. The most common rental property sizes in Edgewood, MD are 2-bedroom and 3-bedroom, accounting for 34.6% and 28.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,640	$1,670
Studio Rent	N/A	N/A
1 Bed Rent	$1,350	$1,340
2 Bed Rent	$1,500	$1,500
3 Bed Rent	$1,790	$1,790
4 Bed Rent	$2,000	$2,170

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% of Rental Stock

1 Bedroom

23.4%

2 Bedrooms

34.6%

3 Bedrooms

28.0%

4 Bedrooms

14.0%

Property Listings — Edgewood, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in Edgewood, MD is 65. This is a increase of 39.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$322,000	29.0%
Listing Count	65	25.0%
Listings as % of Homes	0.4%	25.0%
Days on Market	53	56.0%

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Demographics — Edgewood, MD

As of the latest ACS Survey released in 2023, Edgewood, MD has a population of 25,300, which has increased by 3.5% over the past 5 years. Edgewood, MD is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	25,300	3.5%
% Under 18	24.1%	-11.1%
% Seniors	13.5%	31.1%
% WFH	9.3%	830.0%
% w/ College Degree	23.2%	20.2%

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As of the latest ACS Survey released in 2023, Edgewood, MD is a predominantly black area, with 45.2% of the population identifying as black. The black population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Edgewood, MD is white, making up 36.0% of the population. Foreign-born residents account for 7.6% of the population in Edgewood, MD, and this percentage has increased by 10.1% 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	36.0%	-10.4%
% Black	45.2%	1.1%
% Hispanic	9.6%	17.1%
% Asian	1.5%	25.0%
% Foreign Born	7.6%	10.1%

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Mortgage and Risk — Edgewood, MD

According to HUD data as of 2023, there were 302 mortgage originations in Edgewood, MD, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Edgewood, MD. Investor activity is low, as 4.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	302
% Conventional Loans	61.0%
% Government Loans	39.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	21.0%

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Rentals and Section 8 — Edgewood, MD

As of 2024, the percent of homes in Edgewood, MD under the Section 8 program is 30.0%. 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 Edgewood, 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	937
Total Units Section 8	937
% Rentals under Section 8	30.0%
% Occupied Section 8	83.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$130	$1,350	$1,480
2 Bedroom	$310	$1,500	$1,810
3 Bedroom	$540	$1,790	$2,330
4 Bedroom	$600	$2,000	$2,600

Edgewood, MD—21040

Key Metrics at a Glance

Home Price Trends — Edgewood, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Edgewood, MD

% of Rental Stock

Property Listings — Edgewood, MD

Demographics — Edgewood, MD

Race and Ethnicity

Mortgage and Risk — Edgewood, MD

Mortgages

Rentals and Section 8 — Edgewood, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Edgewood, MD

Home Price to Income Ratio

Edgewood, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Abingdon, MD

Magnolia, MD

Joppa, MD

Belcamp, MD

Kingsville, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$260,000
Median Household Income	$86,900

Edgewood, MD—21040

Key Metrics at a Glance

Home Price Trends — Edgewood, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Edgewood, MD

% of Rental Stock

Property Listings — Edgewood, MD

Demographics — Edgewood, MD

Race and Ethnicity

Mortgage and Risk — Edgewood, MD

Mortgages

Rentals and Section 8 — Edgewood, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Edgewood, MD

Home Price to Income Ratio

Edgewood, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Abingdon, MD

Magnolia, MD

Joppa, MD

Belcamp, MD

Kingsville, MD

Frequently Asked Questions

What is the average home price in Edgewood, MD 21040?

How have home prices in Edgewood, MD 21040 changed over the past year?

What is the home price projection for Edgewood, MD 21040?

What are the demographics of Edgewood, MD 21040?

How long does it take homes to sell in Edgewood, MD 21040?

What is the average rent price in Edgewood, MD 21040?