Maryland
Ranked #34 of 51 for housing affordability
Median Home Price
🏠$414K
4.19x income
Median Rent
🔑$1,651
33.5% rent-burdened
Median Income
💰$99K
Population: 6,177,224
Homeownership
🏡68.0%
6,357 experiencing homelessness
Housing Shortage
📉85,000
units needed
Building Permits (2024)
🔨16,823
Price-to-Income
📊4.19x
Severe Rent Burden
⚠️16.0%
paying >50% of income
Rent Burden Breakdown
vs. National Average
House Price Index (2000–2025)
FHFA All-Transactions HPI · Base = 100 (1980s)
HUD Fair Market Rents (FY2026)
Maximum rent HUD considers fair for Section 8 voucher holders
FMR ($1957) is above the state median rent ($1651) — vouchers cover typical rents.
Metros in Maryland
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Baltimore | 48 | $386K | $1,557 | $94K | 33.5% |
| Hagerstown-Martinsburg | 83 | $277K | $1,162 | $75K | 20.0% |
| Lexington Park | 83 | $434K | $1,718 | $116K | 18.0% |
| Salisbury | 85 | $249K | $1,270 | $71K | 22.9% |
Market Trends
Homeownership Rate
68.0%
Rent-to-Income Ratio
20.0%
of gross income spent on rent
Total Households
2,384,715
Owner-Occupied
1,619,478
Renter-Occupied
765,237
Homelessness
Latest Count (2024)
6,069
1-Year Change
+3.5%
10-Year Trend (2015–2024)
-27.7%
8,390 → 6,069
Housing Policies
Construction Activity
Total Permits (2024)
16,823
1.2% of national total
Single-Family
10,885
65% of state permits
Multi-Family
5,938
35% of state permits
Mortgage Access
National HMDA data — mortgage denial rates by race/ethnicity
Denial Rates by Race
Top Denial Reasons
Housing Shortage
State Shortage
85,000
units needed
National Shortage
7,300,000
1.2% of national total
Affordable Units per 100 ELI Renters
35
nationally (NLIHC)
National Shortage by Unit Type
45%
Single-Family
18%
Small Multi (2-4)
22%
Medium Multi (5-49)
15%
Large Multi (50+)
Rent Burden Detail
Maryland burden rates with national demographic breakdown
Cost-Burdened Renters
33.5%
paying >30% of income
Severely Burdened
16.0%
paying >50% of income
Households >30% Burden
198,165
Households >35% Burden
42,141