Carroll County, Maryland Housing Market
In Carroll County, Maryland, the median home value is $434,000, with a median monthly rent of $1,427. This places Carroll County at #216 nationally out of 3134 counties by median home value, and #7 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: $1,107
- Establishments: 4,569
- BLS QCEW, 2025
Housing Supply
- Single-family: 153
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 73,407 (avg $108,252)
- Outflow: 70,625 (avg $109,217)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Carroll County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 21757 | 272.5 | +10.82% | 2025 |
| 2 | 21791 | 254.4 | +0.73% | 2025 |
| 3 | 21797 | 262.9 | -1.95% | 2025 |
| 4 | 21776 | 255.3 | +7.62% | 2025 |
| 5 | 21048 | 263.5 | +2.03% | 2025 |
| 6 | 21158 | 237.4 | -2.29% | 2025 |
| 7 | 21771 | 273.0 | +2.58% | 2025 |
| 8 | 21157 | 255.4 | +0.74% | 2025 |
| 9 | 21784 | 279.0 | +3.11% | 2025 |
| 10 | 21787 | 235.8 | +0.45% | 2025 |
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 Carroll County Compares
| Metric | Carroll County | Maryland Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $434,000 | $370,016 | $227,706 |
| Median Gross Rent | $1,427 | $1,459 | $968 |
| Owner Occupancy Rate | 84.3% | 72.7% | 73.3% |
| Price/Rent Ratio | 25.3 | 21.1 | 18.7 |
Market Analysis
The median home value in Carroll County is 17.3% above the Maryland state average and 90.6% above the U.S. national average. The median rent of $1,427/month is 2.2% below the state average.
With a price-to-rent ratio of 25.3, Carroll County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Carroll County has an owner-occupancy rate of 84.3%, compared to 72.7% in Maryland and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Sutter County | California | $433,500 | $1,439 |
| Cape May County | New Jersey | $434,600 | $1,360 |
| Aleutians West Census Area | Alaska | $434,700 | $1,982 |
| Tuolumne County | California | $433,200 | $1,302 |
| York County | Virginia | $433,200 | $1,827 |
Other Counties in Maryland
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Charles County | $428,500 | $1,920 | 82.1% |
| Prince George's County | $426,000 | $1,799 | 62.3% |
| Talbot County | $409,700 | $1,256 | 75.1% |
| Calvert County | $460,200 | $1,759 | 87.2% |
| St. Mary's County | $407,600 | $1,747 | 73.2% |
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).