Caroline County, Maryland Housing Market
In Caroline County, Maryland, the median home value is $290,100, with a median monthly rent of $1,105. This places Caroline County at #673 nationally out of 3134 counties by median home value, and #18 within Maryland.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,045
- Establishments: 694
- BLS QCEW, 2025
Housing Supply
- Single-family: 71
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 13,392 (avg $66,503)
- Outflow: 12,925 (avg $66,671)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Caroline County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 21632 | 252.5 | +2.40% | 2025 |
| 2 | 21639 | 252.7 | +15.69% | 2025 |
| 3 | 21655 | 255.4 | +3.73% | 2025 |
| 4 | 21629 | 242.6 | +2.56% | 2025 |
| 5 | 21657 | 302.3 | -0.38% | 2024 |
| 6 | 21660 | 259.9 | -0.63% | 2024 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Caroline County Compares
| Metric | Caroline County | Maryland Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $290,100 | $370,016 | $227,706 |
| Median Gross Rent | $1,105 | $1,459 | $968 |
| Owner Occupancy Rate | 71.9% | 72.7% | 73.3% |
| Price/Rent Ratio | 21.9 | 21.1 | 18.7 |
Market Analysis
The median home value in Caroline County is 21.6% below the Maryland state average and 27.4% above the U.S. national average. The median rent of $1,105/month is 24.3% below the state average.
With a price-to-rent ratio of 21.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Caroline County has an owner-occupancy rate of 71.9%, compared to 72.7% in Maryland and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Uinta County | Wyoming | $290,000 | $900 |
| Kent County | Michigan | $289,900 | $1,243 |
| Norfolk city | Virginia | $289,900 | $1,321 |
| Moffat County | Colorado | $289,500 | $1,039 |
| Georgetown County | South Carolina | $289,500 | $1,204 |
Other Counties in Maryland
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Washington County | $296,100 | $1,147 | 66.8% |
| Dorchester County | $262,400 | $1,032 | 65.6% |
| Wicomico County | $254,700 | $1,327 | 62.3% |
| Kent County | $330,900 | $1,209 | 72.5% |
| Cecil County | $343,400 | $1,377 | 75.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).