Washington County, Maryland Housing Market
In Washington County, Maryland, the median home value is $296,100, with a median monthly rent of $1,147. This places Washington County at #647 nationally out of 3134 counties by median home value, and #17 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: $1,112
- Establishments: 3,626
- BLS QCEW, 2025
Housing Supply
- Single-family: 182
- Multi-family: 172
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 63,494 (avg $73,710)
- Outflow: 60,413 (avg $74,476)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Washington County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 21779 | 260.0 | — | 2025 |
| 2 | 21733 | 289.4 | — | 2025 |
| 3 | 21750 | 201.9 | +2.71% | 2025 |
| 4 | 21722 | 254.8 | +2.46% | 2025 |
| 5 | 21740 | 246.5 | +1.66% | 2025 |
| 6 | 21795 | 245.3 | +3.72% | 2025 |
| 7 | 21782 | 276.9 | +1.67% | 2025 |
| 8 | 21742 | 240.9 | +5.19% | 2025 |
| 9 | 21756 | 262.6 | +4.64% | 2025 |
| 10 | 21713 | 237.5 | +1.67% | 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 Washington County Compares
| Metric | Washington County | Maryland Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $296,100 | $370,016 | $227,706 |
| Median Gross Rent | $1,147 | $1,459 | $968 |
| Owner Occupancy Rate | 66.8% | 72.7% | 73.3% |
| Price/Rent Ratio | 21.5 | 21.1 | 18.7 |
Market Analysis
The median home value in Washington County is 20.0% below the Maryland state average and 30.0% above the U.S. national average. The median rent of $1,147/month is 21.4% below the state average.
With a price-to-rent ratio of 21.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Washington County has an owner-occupancy rate of 66.8%, 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 |
|---|---|---|---|
| Brazos County | Texas | $296,000 | $1,193 |
| Wrangell City and Borough | Alaska | $296,400 | $993 |
| Windsor County | Vermont | $296,400 | $1,118 |
| Lincoln County | Montana | $296,500 | $762 |
| Douglas County | Georgia | $296,900 | $1,570 |
Other Counties in Maryland
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Caroline County | $290,100 | $1,105 | 71.9% |
| Dorchester County | $262,400 | $1,032 | 65.6% |
| Kent County | $330,900 | $1,209 | 72.5% |
| Wicomico County | $254,700 | $1,327 | 62.3% |
| 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).