Garrett County, Maryland Housing Market
In Garrett County, Maryland, the median home value is $235,300, with a median monthly rent of $765. This places Garrett County at #1033 nationally out of 3134 counties by median home value, and #21 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: $946
- Establishments: 1,135
- BLS QCEW, 2025
Housing Supply
- Single-family: 138
- Multi-family: 10
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,097 (avg $75,947)
- Outflow: 11,508 (avg $74,915)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Garrett County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 21541 | 318.8 | +3.13% | 2025 |
| 2 | 21561 | 301.3 | -6.59% | 2025 |
| 3 | 21550 | 283.6 | +2.75% | 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 Garrett County Compares
| Metric | Garrett County | Maryland Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $235,300 | $370,016 | $227,706 |
| Median Gross Rent | $765 | $1,459 | $968 |
| Owner Occupancy Rate | 79.7% | 72.7% | 73.3% |
| Price/Rent Ratio | 25.6 | 21.1 | 18.7 |
Market Analysis
The median home value in Garrett County is 36.4% below the Maryland state average and 3.3% above the U.S. national average. The median rent of $765/month is 47.6% below the state average.
With a price-to-rent ratio of 25.6, Garrett 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.
Garrett County has an owner-occupancy rate of 79.7%, 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 |
|---|---|---|---|
| Winona County | Minnesota | $235,400 | $907 |
| DeKalb County | Tennessee | $235,500 | $839 |
| Musselshell County | Montana | $235,000 | $1,138 |
| Johnson County | Missouri | $235,700 | $932 |
| Schenectady County | New York | $235,700 | $1,194 |
Other Counties in Maryland
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Baltimore city | $229,600 | $1,331 | 47.5% |
| Wicomico County | $254,700 | $1,327 | 62.3% |
| Dorchester County | $262,400 | $1,032 | 65.6% |
| Caroline County | $290,100 | $1,105 | 71.9% |
| Washington County | $296,100 | $1,147 | 66.8% |
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).