Elkridge, MD—21075
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elkridge, MD
As of Oct '25, the median home price in Elkridge, MD is $487,000, with a year-over-year change of 0.7%. This indicates that home prices in Elkridge, MD are flat. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $487,000 | 0.7% |
| Single Family | $504,000 | 0.2% |
| Condos | $353,000 | -0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $330,000 | 0.9% |
3 Bed | $462,000 | 0.0% |
4 Bed | $619,000 | 0.2% |
| 5 Bed | $805,000 | 0.0% |
% of Housing Stock
Rental Trends — Elkridge, MD
As of July '25, Rentcast reports the average rent in Elkridge, MD is $2,780, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Elkridge, MD is 1-bedrooms: $1,780, 2-bedrooms: $2,030, 3-bedrooms: $3,010, 4-bedrooms: $3,450. The most common rental property sizes in Elkridge, MD are 2-bedroom and 3-bedroom, accounting for 53.6% and 20.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,700 | $1,780 |
| 2 Bed Rent | $2,100 | $2,030 |
| 3 Bed Rent | $3,000 | $3,010 |
| 4 Bed Rent | $3,500 | $3,450 |
% of Rental Stock
Property Listings — Elkridge, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Elkridge, MD is 34. This is a increase of 14.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | -5.0% |
Listing Count | 91 | 37.0% |
| Listings as % of Homes | 0.2% | 37.0% |
Days on Market | 34 | 14.0% |
Demographics — Elkridge, MD
As of the latest ACS Survey released in 2023, Elkridge, MD has a population of 37,100, which has increased by 14.3% over the past 5 years. Elkridge, MD is a popular place for families, as children make up 27.7% of the population. The area has a highly educated workforce, with 57.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,100 | 14.3% |
% Under 18 | 27.7% | 1.5% |
% Seniors | 8.2% | 2.5% |
% WFH | 20.9% | 301.9% |
% w/ College Degree | 57.7% | 8.5% |
As of the latest ACS Survey released in 2023, Elkridge, MD is a predominantly white area, with 38.9% of the population identifying as white. The white population has shrunk by 24.3% in the last 5 years. The second most common race or ethnicity in Elkridge, MD is black, making up 25.7% of the population. Foreign-born residents account for 24.2% of the population in Elkridge, MD, and this percentage has increased by 26.0% 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 | 38.9% | -24.3% |
% Black | 25.7% | 26.6% |
% Hispanic | 10.9% | -1.8% |
% Asian | 20.0% | 41.8% |
% Foreign Born | 24.2% | 26.0% |
Mortgage and Risk — Elkridge, MD
According to HUD data as of 2023, there were 499 mortgage originations in Elkridge, MD, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Elkridge, MD. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 499 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Elkridge, MD
As of 2024, the percent of homes in Elkridge, MD under the Section 8 program is 5.3%. 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. In Elkridge, 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 | 251 |
Total Units Section 8 | 238 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,700 | $2,070 |
| 2 Bedroom | $430 | $2,100 | $2,530 |
| 3 Bedroom | $260 | $3,000 | $3,260 |
| 4 Bedroom | $140 | $3,500 | $3,640 |
Affordability — Elkridge, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $487,000 |
| Median Household Income | $133,000 |