Talbot County, Maryland Housing Market
In Talbot County, Maryland, the median home value is $409,700, with a median monthly rent of $1,256. This places Talbot County at #269 nationally out of 3134 counties by median home value, and #10 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: $1,110
- Establishments: 1,526
- BLS QCEW, 2025
Housing Supply
- Single-family: 198
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 16,892 (avg $138,319)
- Outflow: 15,839 (avg $135,084)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Talbot County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 21625 | 283.8 | +15.57% | 2025 |
| 2 | 21663 | 318.2 | +10.20% | 2025 |
| 3 | 21654 | 273.5 | — | 2025 |
| 4 | 21671 | 281.0 | +2.25% | 2025 |
| 5 | 21673 | 221.1 | -7.94% | 2025 |
| 6 | 21601 | 254.4 | +4.66% | 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 Talbot County Compares
| Metric | Talbot County | Maryland Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $409,700 | $370,016 | $227,706 |
| Median Gross Rent | $1,256 | $1,459 | $968 |
| Owner Occupancy Rate | 75.1% | 72.7% | 73.3% |
| Price/Rent Ratio | 27.2 | 21.1 | 18.7 |
Market Analysis
The median home value in Talbot County is 10.7% above the Maryland state average and 79.9% above the U.S. national average. The median rent of $1,256/month is 13.9% below the state average.
With a price-to-rent ratio of 27.2, Talbot 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.
Talbot County has an owner-occupancy rate of 75.1%, 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 |
|---|---|---|---|
| Culpeper County | Virginia | $409,200 | $1,423 |
| Boundary County | Idaho | $410,500 | $877 |
| Walla Walla County | Washington | $408,900 | $1,218 |
| Spokane County | Washington | $410,700 | $1,283 |
| Lincoln County | Oregon | $410,800 | $1,201 |
Other Counties in Maryland
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| St. Mary's County | $407,600 | $1,747 | 73.2% |
| Prince George's County | $426,000 | $1,799 | 62.3% |
| Charles County | $428,500 | $1,920 | 82.1% |
| Harford County | $386,400 | $1,586 | 79.7% |
| Carroll County | $434,000 | $1,427 | 84.3% |
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).