Current home values in Maryland

Home values have been rising throughout Maryland and are up 1.40% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $289,100 , Zillow says.

Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.69%, says mortgage company Freddie Mac.

With the 30-year mortgage rate at 3.69% and the median home value for Maryland at $289,100 , a representative monthly mortgage payment would be $1,329.04.

How the Maryland housing market stacks up

Annapolis, Maryland, USA downtown view over Main Street with the State House.
Sean Pavone / Shutterstock
Annapolis, Maryland, USA downtown view over Main Street with the State House.

Property values in Maryland are high by historical standards and are higher than what the typical house is worth nationwide.

The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.

Zillow predicts U.S. home values will rise 2.2% over the next year, while in Maryland, they're expected to rise 0.67%.

Homes are going on the market in Maryland at a median price of $185 per square foot, versus $155 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

Maryland home prices over the last 10 years

Year Avg. Price
2019* $301,263
2018 $294,692
2017 $279,750
2016 $266,800
2015 $258,467
2014 $252,175
2013 $242,083
2012 $230,800
2011 $234,033
2010 $250,242
2009 $267,167

*2019 price average through August 2019.

How much for an average-sized home?

Here's what a 2,500-square-foot home in Maryland is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2019* $462,500
2018 $455,000
2017 $435,000
2016 $417,500
2015 $407,500
2014 $397,500
2013 $382,500
2012 $365,000
2011 $370,000
2010 $397,500
2009 $417,500

*2019 price average through August 2019.