In short
The median value of owner-occupied homes is $436,300 in Maryland and $247,400 in the city of Baltimore, against $360,600 nationwide (Census ACS 2024). On the FHFA index, Maryland prices up 1.0% and Baltimore–Columbia–Towson prices up 2.1% from Q2 2025 to Q2 2026.
What it costs: median value in 2024
| Area | Median value, 2024 | Margin of error (90%) |
|---|---|---|
| United States | $360,600 | ±$618 |
| Maryland | $436,300 | ±$3,089 |
| Baltimore–Columbia–Towson metro area | $403,000 | ±$5,339 |
| Baltimore County | $359,000 | ±$5,882 |
| City of Baltimore (Baltimore City) | $247,400 | ±$7,688 |
Source: Census ACS 2024, table B25077; owners’ own estimates, not sale prices.
Three points stand out:
- The Maryland median is $75,700 above the national median.
- The city of Baltimore sits $188,900 below the Maryland median and $155,600 below the metro median. The city median is about 57% of the state’s. Suburban counties pull the metro figure up.
- The margin of error for the city (±$7,688) is wider than for the state, because the sample is smaller. The true city median is very likely between about $239,700 and $255,100.
How prices have moved: the FHFA index
| Area | 1-year change (Q2 2025 to Q2 2026) | 5-year change (Q2 2021 to Q2 2026) |
|---|---|---|
| United States | +2.1% | +33.4% |
| Maryland | +1.0% | +25.6% |
| Baltimore–Columbia–Towson metro area | +2.1% | +26.4% |
Source: FHFA HPI, purchase-only, Q2 2026 (release of August 25, 2026); changes by Payotte.
Maryland prices rose more slowly than the national index over the past year, while the Baltimore metro area matched it. Over five years, both gained about a quarter in value, less than the nation’s 33.4%.
A worked example
Take a Baltimore-area home worth $250,000 in the second quarter of 2021. Tracking the Baltimore–Columbia–Towson index exactly, it would have been worth about $316,000 in the second quarter of 2026 (+26.4%). Over the last year alone, it would have gained about $6,600 (+2.1%). A single home can move very differently from the index: neighborhood, condition and renovations matter more than the average. The metro index also covers suburbs whose prices differ widely from those inside the city.
How to use these figures when buying
Closing costs come on top: our Maryland closing costs guide covers who pays what, and buying a home in Baltimore applies these numbers to the city, including property and transfer taxes. First-time buyers can also check the Maryland first-time buyer programs.
Method and dataset
ACS median value. ACS 1-Year 2024, table B25077. Geographies: United States (0100000US), Maryland (0400000US24), Baltimore–Columbia–Towson, MD metro area (310M700US12580), Baltimore County (0500000US24005), Baltimore city (1600000US2404000; the county-equivalent 0500000US24510 returns the same figures). Values were read through the Census Bureau’s data access service behind data.census.gov on October 13, 2026.
FHFA index. FHFA HPI (purchase-only, seasonally adjusted), state series (Maryland), metro series (Baltimore–Columbia–Towson, MD, CBSA 12580) and U.S. series. Index values used: Maryland 365.11 (Q2 2025), 293.70 (Q2 2021) and 368.88 (Q2 2026); Baltimore–Columbia–Towson 367.15, 296.71 and 374.93; United States 426.58, 326.58 and 435.69.
Frequently asked questions
What is the median home value in Maryland?
Maryland’s 2024 ACS median home value is $436,300 (±$3,089), against $360,600 for the nation: owners’ own estimates, not sale prices.
What is the median home value in Baltimore?
For the city of Baltimore, the 2024 ACS median value is $247,400 (±$7,688). Baltimore County is at $359,000 and the Baltimore–Columbia–Towson metro area at $403,000.
Are Maryland home prices going up or down?
FHFA’s purchase-only index shows Maryland prices rose 1.0% over the year to Q2 2026, and the Baltimore–Columbia–Towson area rose 2.1%. Over five years, they rose 25.6% and 26.4%.
How Maryland compares with the other States
Maryland ranks 14th of 50 for median home value ($436,300), 21% above the national $360,600.
The States closest in median value are Idaho ($446,400) and Arizona ($426,000). The range runs from $170,800 in West Virginia to $875,900 in Hawaii; Maryland is $96,800 above the middle of that ranking (Wyoming).
On the FHFA index, Maryland prices rose 1% over the year to the second quarter of 2026, which places the State 39th of 50, 1.1 points behind the national +2.1%. Over five years the gain is +25.6% (41st of 50; nation +33.4%).
The two measures diverge: Maryland is among the dearest States, yet its prices rose less than most over the past year.
Over five years, Maryland's +25.6% annualises to +4.7% a year (nation +5.9%). The latest year (+1%) is 3.7 points under that average, a slower pace than the five-year average.
Baltimore, the main city, has a median of $247,400, 38th of the 49 main cities Payotte covers. That is 43% below the Maryland median, a discount that ranks 48th of 49.
The one-year FHFA change runs from -1.2% in New Mexico to +8.3% in Alaska. Maryland (+1%) is 7.3 points below the top and 2.2 above the bottom; Florida (+1%) and Tennessee (+0.9%) are the nearest to it.
For scale, 20% of the Maryland median is $87,260, against $72,120 at the national median.
Compare with the other states: Median home price by state.
More Maryland guides
- Closing costs in Maryland: what buyers and sellers pay
- Maryland transfer tax: 0.5% state rate and Baltimore's 1.5%
- Maryland property tax: how it works and the homestead credit
- Seller disclosure in Maryland: disclosure or disclaimer form
- Do you need a real estate attorney to close in Maryland?
- How foreclosure works in Maryland: notice, mediation, timeline
- First-time buyer programs in Maryland and Baltimore
- How to verify a real estate license in Maryland
- Buying a rental property in Maryland: tenant rules to know
Sources
- Census Bureau, ACS 1-Year 2024, table B25077 (consulted October 13, 2026)
- Census Bureau, 2025 ACS release schedule (consulted October 13, 2026)
- FHFA news release, August 25, 2026 (consulted October 13, 2026)
- FHFA HPI datasets (quarterly, purchase-only) (consulted October 13, 2026)