Trappe, MD—21673
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Trappe, MD
As of Nov '25, the median home price in Trappe, MD is $426,000, with a year-over-year change of -1.1%. This indicates that home prices in Trappe, MD are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $426,000 | -1.1% |
| Single Family | $426,000 | -1.6% |
| 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 | $397,000 | -0.7% |
4 Bed | $548,000 | -1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Trappe, MD
As of July '25, Rentcast reports the average rent in Trappe, MD is $2,280, with a year-over-year rent change of -25.0%. Per bedroom, the median rent as of July '25 in Trappe, MD is 2-bedrooms: $2,240, 3-bedrooms: $2,400. The most common rental property sizes in Trappe, MD are 2-bedroom and 3-bedroom, accounting for 60.5% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,100 | $2,240 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Trappe, MD
As of Nov '25, Realtor.com reports that the median days on market for a home in Trappe, MD is 198. This is a increase of 65.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $386,000 | -19.0% |
Listing Count | 26 | -21.0% |
| Listings as % of Homes | 1.0% | -21.0% |
Days on Market | 198 | 65.0% |
Demographics — Trappe, MD
As of the latest ACS Survey released in 2023, Trappe, MD has a population of 2,840, which has decreased by -17.1% over the past 5 years. Trappe, MD is a moderately popular place for families, as children make up 24.0% of the population. The area has a moderately educated workforce, with 29.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,840 | -17.1% |
% Under 18 | 24.0% | 38.7% |
% Seniors | 18.1% | -15.8% |
% WFH | 8.3% | 53.7% |
% w/ College Degree | 29.9% | -19.4% |
As of the latest ACS Survey released in 2023, Trappe, MD is a predominantly white area, with 71.2% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Trappe, MD is black, making up 16.7% of the population. Foreign-born residents account for 6.1% of the population in Trappe, MD, and this percentage has increased by 45.2% 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 | 71.2% | -3.9% |
% Black | 16.7% | -9.7% |
% Hispanic | 9.3% | 190.6% |
% Asian | 0.7% | -46.2% |
% Foreign Born | 6.1% | 45.2% |
Mortgage and Risk — Trappe, MD
According to HUD data as of 2023, there were 96 mortgage originations in Trappe, MD, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Trappe, MD. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 96 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 7.0% |
Rentals and Section 8 — Trappe, MD
Trappe, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,270 |
| 2 Bedroom | -$690 | $2,100 | $1,410 |
| 3 Bedroom | -$420 | $2,400 | $1,980 |
| 4 Bedroom | N/A | N/A | $2,370 |
Affordability — Trappe, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $426,000 |
| Median Household Income | $72,500 |