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Data report · September 2026

The state of the Maryland housing market.

Median home value and city-by-city trends across Maryland, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.

Maryland median value

$445K

Zillow ZHVI, September 2026

Cities covered

22

with published pages

Report video

Monthly

per city, on each hub

The outlook

Maryland housing market forecast 2027

+0.6%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 403 Maryland ZIP codes, points to typical home values rising 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in Maryland rose 0.7%, per the Zillow Home Value Index.

Will home prices drop in Maryland?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Maryland shows typical home values rising 0.6% by September 2027, after a 0.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 403 Maryland ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

Metro areas

Which Maryland metro areas does Zillow expect to rise or fall?

Zillow's 12-month home value forecast for each metro area whose principal city is in Maryland, through September 2027, largest first.

  1. 1Baltimore, MD+0.6%
  2. 2Salisbury, MD+0.4%
  3. 3Hagerstown, MD+2.4%
  4. 4California, MD+1.6%
  5. 5Cumberland, MD+2.5%
  6. 6Easton, MD+0.6%
  7. 7Cambridge, MD+1.5%

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Where values are climbing

Fastest appreciating Maryland cities

  1. 1Street
    $540KUp4.2%
  2. 2Queenstown
    $649KUp3.5%
  3. 3Annapolis
    $625KUp2.5%
  4. 4Bethesda
    $1.28MUp1.8%
  5. 5Bel Air
    $462KUp0.9%
  6. 6Ellicott City
    $712KUp0.9%
  7. 7Reisterstown
    $407KUp0.7%
  8. 8Aberdeen
    $344KUp0.1%
  9. 9Hanover
    $531KFlat0.0%
  10. 10North East
    $392KFlat0.0%

Where the market is cooling

Fastest cooling Maryland cities

  1. 1Waldorf
    $431KDown1.6%
  2. 2Gaithersburg
    $574KDown1.1%
  3. 3Hyattsville
    $397KDown1.0%
  4. 4Upper Marlboro
    $464KDown1.0%
  5. 5Frederick
    $448KDown1.0%
  6. 6Fort Washington
    $441KDown0.9%
  7. 7Bowie
    $526KDown0.8%
  8. 8Ocean City
    $445KDown0.8%
  9. 9Silver Spring
    $576KDown0.7%
  10. 10Laurel
    $472KDown0.3%

Priciest markets in the state

Most expensive Maryland cities by median value

  1. 1Bethesda
    $1.28M
  2. 2Ellicott City
    $712K
  3. 3Queenstown
    $649K
  4. 4Annapolis
    $625K
  5. 5Rockville
    $577K
  6. 6Silver Spring
    $576K
  7. 7Gaithersburg
    $574K
  8. 8Street
    $540K
  9. 9Hanover
    $531K
  10. 10Bowie
    $526K

Common questions

What people ask us.

Will home prices go up in Maryland in 2027?

A weighted average of Zillow's ZIP forecasts, across 403 Maryland ZIP codes, points to typical home values rising 0.6% by September 2027. Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

What is the typical home value in Maryland?

The typical home value in Maryland is $444,850 as of September 2026, the median Zillow Home Value Index across ZIP codes in the state.

How much have Maryland home values changed in the past year?

The median home value in Maryland changed +0.7% over the 12 months ending September 2026, based on the Zillow Home Value Index.

Methodology & attribution

Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in Maryland, as of September 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the Maryland market index.