Hancock, MD—21750
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hancock, MD
As of Oct '25, the median home price in Hancock, MD is $251,000, with a year-over-year change of 3.6%. This indicates that home prices in Hancock, MD are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 3.6% |
| Single Family | $251,000 | 3.7% |
| 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 | $256,000 | 4.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hancock, MD
As of July '25, Rentcast reports the average rent in Hancock, MD is $1,010, with a year-over-year rent change of -6.5%. Per bedroom, the median rent as of July '25 in Hancock, MD is 1-bedrooms: $938, 2-bedrooms: $1,090. The most common rental property sizes in Hancock, MD are 2-bedroom and 1-bedroom, accounting for 54.0% and 18.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $938 |
| 2 Bed Rent | $975 | $1,090 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hancock, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Hancock, MD is 24. This is a increase of 11.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $315,000 | 26.0% |
Listing Count | 15 | 71.0% |
| Listings as % of Homes | 0.4% | 71.0% |
Days on Market | 24 | 11.0% |
Demographics — Hancock, MD
As of the latest ACS Survey released in 2023, Hancock, MD has a population of 3,580, which has decreased by -3.9% over the past 5 years. Hancock, MD is a moderately popular place for families, as children make up 17.1% of the population. The area has a poorly educated workforce, with 10.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,580 | -3.9% |
% Under 18 | 17.1% | -21.9% |
% Seniors | 18.9% | -7.8% |
% WFH | 6.9% | 165.4% |
% w/ College Degree | 10.5% | -10.3% |
As of the latest ACS Survey released in 2023, Hancock, MD is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Hancock, MD is hispanic, making up 1.4% of the population. Foreign-born residents account for 1.4% of the population in Hancock, MD, and this percentage has increased by 75.0% 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 | 92.3% | -5.0% |
% Black | 0.9% | 800.0% |
% Hispanic | 1.4% | 366.7% |
% Asian | 0.7% | 75.0% |
% Foreign Born | 1.4% | 75.0% |
Mortgage and Risk — Hancock, MD
According to HUD data as of 2023, there were 59 mortgage originations in Hancock, MD, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Hancock, MD. Investor activity is low, as 3.0% 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 | 59 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Hancock, MD
Hancock, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 57 |
Total Units Section 8 | 57 |
% Rentals under Section 8 | 12.8% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$75 | $925 | $850 |
| 2 Bedroom | $145 | $975 | $1,120 |
| 3 Bedroom | N/A | N/A | $1,550 |
| 4 Bedroom | N/A | N/A | $1,720 |
Affordability — Hancock, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $251,000 |
| Median Household Income | $54,200 |