Cities with the most expensive homes in Maryland

Written by:
October 24, 2024
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Cities with the most expensive homes in Maryland

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $360,385 in October, 2.4% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in Maryland using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of October 2024. The charts in this story were created automatically using Matplotlib.

Metros with the most cities in the top 30 in Maryland
#1. Washington-Arlington-Alexandria, DC-VA-MD-WV: 15
#2. Baltimore-Columbia-Towson, MD: 12
#3. Easton, MD: 3

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#30. Phoenix

- Typical home value: $723,918
- 1-year price change: +4.6%
- 5-year price change: +35.2%
- Metro area: Baltimore-Columbia-Towson, MD

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#29. Spencerville

- Typical home value: $753,568
- 1-year price change: +2.1%
- 5-year price change: +29.9%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#28. Woodbine

- Typical home value: $767,577
- 1-year price change: +4.1%
- 5-year price change: +37.0%
- Metro area: Baltimore-Columbia-Towson, MD

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#27. Brookeville

- Typical home value: $775,719
- 1-year price change: +3.8%
- 5-year price change: +30.6%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#26. Dickerson

- Typical home value: $778,259
- 1-year price change: +3.7%
- 5-year price change: +31.2%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#25. Kensington

- Typical home value: $782,565
- 1-year price change: +3.2%
- 5-year price change: +28.4%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#24. Ashton

- Typical home value: $811,499
- 1-year price change: +3.1%
- 5-year price change: +29.3%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#23. Boyds

- Typical home value: $829,509
- 1-year price change: +4.6%
- 5-year price change: +36.3%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#22. Bozman

- Typical home value: $834,722
- 1-year price change: +9.2%
- 5-year price change: +64.9%
- Metro area: Easton, MD

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#21. Sandy Spring

- Typical home value: $853,293
- 1-year price change: +3.5%
- 5-year price change: +33.0%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#20. North Potomac

- Typical home value: $878,279
- 1-year price change: +4.1%
- 5-year price change: +29.7%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#19. Davidsonville

- Typical home value: $890,898
- 1-year price change: +3.9%
- 5-year price change: +37.2%
- Metro area: Baltimore-Columbia-Towson, MD

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#18. Cooksville

- Typical home value: $899,708
- 1-year price change: +4.8%
- 5-year price change: +37.7%
- Metro area: Baltimore-Columbia-Towson, MD

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#17. Oxford

- Typical home value: $919,693
- 1-year price change: +3.8%
- 5-year price change: +51.1%
- Metro area: Easton, MD

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#16. Glenelg

- Typical home value: $938,507
- 1-year price change: +3.9%
- 5-year price change: +37.7%
- Metro area: Baltimore-Columbia-Towson, MD

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#15. Fulton

- Typical home value: $961,513
- 1-year price change: +5.3%
- 5-year price change: +36.4%
- Metro area: Baltimore-Columbia-Towson, MD

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#14. Highland

- Typical home value: $972,460
- 1-year price change: +4.8%
- 5-year price change: +38.3%
- Metro area: Baltimore-Columbia-Towson, MD

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#13. Darnestown

- Typical home value: $977,576
- 1-year price change: +3.2%
- 5-year price change: +34.2%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#12. Glenwood

- Typical home value: $1,003,096
- 1-year price change: +4.9%
- 5-year price change: +43.3%
- Metro area: Baltimore-Columbia-Towson, MD

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#11. Clarksville

- Typical home value: $1,008,673
- 1-year price change: +5.7%
- 5-year price change: +38.2%
- Metro area: Baltimore-Columbia-Towson, MD

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#10. West Friendship

- Typical home value: $1,011,536
- 1-year price change: +2.7%
- 5-year price change: +37.5%
- Metro area: Baltimore-Columbia-Towson, MD

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#9. Dayton

- Typical home value: $1,034,459
- 1-year price change: +5.8%
- 5-year price change: +44.3%
- Metro area: Baltimore-Columbia-Towson, MD

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#8. Garrett Park

- Typical home value: $1,036,249
- 1-year price change: +3.2%
- 5-year price change: +26.4%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#7. Bethesda

- Typical home value: $1,144,798
- 1-year price change: +3.1%
- 5-year price change: +27.9%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#6. Royal Oak

- Typical home value: $1,170,951
- 1-year price change: +13.4%
- 5-year price change: +83.9%
- Metro area: Easton, MD

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#5. Cabin John

- Typical home value: $1,245,504
- 1-year price change: +5.5%
- 5-year price change: +31.2%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#4. Potomac

- Typical home value: $1,319,638
- 1-year price change: +5.7%
- 5-year price change: +37.3%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#3. Chevy Chase

- Typical home value: $1,399,264
- 1-year price change: +2.9%
- 5-year price change: +31.3%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#2. Chevy Chase View

- Typical home value: $1,461,573
- 1-year price change: +2.4%
- 5-year price change: +33.6%
- Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV

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#1. Gibson Island

- Typical home value: $2,932,550
- 1-year price change: +3.0%
- 5-year price change: +53.4%
- Metro area: Baltimore-Columbia-Towson, MD

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