Phoenix, MD—21131
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Phoenix, MD
As of Oct '25, the median home price in Phoenix, MD is $739,000, with a year-over-year change of 2.9%. This indicates that home prices in Phoenix, 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 | $739,000 | 2.9% |
| Single Family | $740,000 | 2.8% |
| 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 | $576,000 | 2.3% |
4 Bed | $753,000 | 1.5% |
| 5 Bed | $977,000 | 2.0% |
% of Housing Stock
Rental Trends — Phoenix, MD
As of July '25, Rentcast reports the average rent in Phoenix, MD is $4,100, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Phoenix, MD is 3-bedrooms: $4,500, 4-bedrooms: $3,700. The most common rental property sizes in Phoenix, MD are 4-bedroom and 3-bedroom, accounting for 53.8% and 46.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,700 | $4,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $4,500 | $4,500 |
| 4 Bed Rent | $3,700 | $3,700 |
% of Rental Stock
Property Listings — Phoenix, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Phoenix, MD is 30. This is a decrease of -6.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $910,000 | 40.0% |
Listing Count | 29 | 1.0% |
| Listings as % of Homes | 0.5% | 1.0% |
Days on Market | 30 | -6.0% |
Demographics — Phoenix, MD
As of the latest ACS Survey released in 2023, Phoenix, MD has a population of 7,050, which has decreased by -5.4% over the past 5 years. Phoenix, MD is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 71.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,050 | -5.4% |
% Under 18 | 22.3% | -9.0% |
% Seniors | 22.3% | 24.6% |
% WFH | 19.0% | 163.9% |
% w/ College Degree | 71.7% | -0.6% |
As of the latest ACS Survey released in 2023, Phoenix, MD is a predominantly white area, with 92.9% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Phoenix, MD is hispanic, making up 2.5% of the population. Foreign-born residents account for 7.5% of the population in Phoenix, MD, and this percentage has increased by 36.4% 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 | 92.9% | 0.5% |
% Black | 0.2% | -88.9% |
% Hispanic | 2.5% | -24.2% |
% Asian | 1.6% | 33.3% |
% Foreign Born | 7.5% | 36.4% |
Mortgage and Risk — Phoenix, MD
According to HUD data as of 2023, there were 219 mortgage originations in Phoenix, MD, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Phoenix, MD. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 219 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Phoenix, MD
Phoenix, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,410 |
| 2 Bedroom | N/A | N/A | $2,950 |
| 3 Bedroom | -$700 | $4,500 | $3,800 |
| 4 Bedroom | $540 | $3,700 | $4,240 |
Affordability — Phoenix, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $739,000 |
| Median Household Income | $187,000 |