State hub
Home appreciation in Maryland
Maryland's FHFA HPI® all-transactions index changed +2.2% over the year to Q2 2026, versus +3.0% nationally, ranking 40th of 51 states and D.C. Below, compare its 13 3-digit ZIP regions and 7 metro areas.
- 1-year change
- +2.2%
- 5-year change
- +32.0%
- Since Q1 1995
- +248%
- State rank (1 year)
- 40th
U.S. +3.0%
44th of 51
U.S. +292%
of 51 states and D.C.
Maryland vs the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Maryland: 348.0
- United States: 391.6
Maryland appreciation by time window
| Window | MD | U.S. | Gap vs U.S. |
|---|---|---|---|
| 1 year | +2.2% | +3.0% | −0.8 pts |
| 3 years | +11.2% | +12.9% | −1.6 pts |
| 5 years | +32.0% | +41.3% | −9.2 pts |
| 10 years | +63.8% | +93.3% | −29.5 pts |
| Since Q1 1995 | +248% | +292% | −43.6 pts |
3-digit ZIP regions in Maryland
Fastest-appreciating ZIP codes in Maryland →Sorted by one-year change. 5 of 13 regions beat the national one-year change of +3.0%. Place labels name the largest community in each region.
| # | 3-digit ZIP region | 1 year | 5 years | 10 years | Since Q1 1995 |
|---|---|---|---|---|---|
| 1 | 214 · Annapolis, MD area | +7.4% | +46.0% | +76.1% | +354% |
| 2 | 215 · Cumberland, MD area | +5.3% | +46.0% | +90.3% | +274% |
| 3 | 219 · Elkton, MD area | +5.0% | +50.1% | +86.7% | +242% |
| 4 | 218 · Salisbury, MD area | +5.0% | +50.6% | +98.7% | +268% |
| 5 | 211 · Westminster, MD area | +3.8% | +34.3% | +66.8% | +242% |
| 6 | 216 · Easton, MD area | +2.8% | +42.1% | +83.3% | +275% |
| 7 | 210 · Columbia, MD area | +2.7% | +32.6% | +61.1% | +245% |
| 8 | 212 · Baltimore, MD area | +2.3% | +29.4% | +57.7% | +247% |
| 9 | 208 · Rockville, MD area | +1.8% | +29.4% | +51.8% | +263% |
| 10 | 217 · Frederick, MD area | +1.4% | +35.6% | +69.9% | +231% |
| 11 | 206 · Waldorf, MD area | +1.0% | +30.9% | +63.5% | +207% |
| 12 | 207 · Bowie, MD area | -0.1% | +25.1% | +67.6% | +231% |
| 13 | 209 · Takoma Park, MD area | -0.7% | +23.1% | +52.8% | +272% |
Metro areas in Maryland
| Metro area | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|
| Wilmington, DE-MD-NJ (division) | +4.4% | +46.9% | +238% |
| Salisbury, MD | +3.4% | +50.8% | +227% |
| Baltimore-Columbia-Towson, MD | +2.7% | +31.8% | +248% |
| Frederick-Gaithersburg-Bethesda, MD (division) | +1.3% | +29.4% | +261% |
| Hagerstown-Martinsburg, MD-WV | +0.9% | +40.7% | +224% |
| Washington, DC-MD (division) | +0.5% | +16.7% | +289% |
| Lexington Park, MD | +0.4% | +31.5% | +220% |
Boom, bust, and recovery in Maryland
Maryland's index peaked in Q2 2007, fell 25.3% to its low in Q2 2012, and regained its peak in Q2 2021, about 14 years after the top. Today it sits +35.2% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| MD | Q2 2007 | Q2 2012 | -25.3% | Q2 2021 (14 yrs) | +35.2% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Maryland's index has changed +57.2% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | MD after inflation | U.S. after inflation |
|---|---|---|---|
| 1 year | +3.9% | -1.6% | -0.8% |
| 3 years | +9.8% | +1.3% | +2.8% |
| 5 years | +24.0% | +6.5% | +13.9% |
| 10 years | +39.1% | +17.8% | +39.0% |
| Since Q1 1995 | +121% | +57.2% | +76.8% |
If you bought in Maryland in…
An example $300,000 purchase grown at the statewide index rate to Q2 2026. Local markets within the state vary widely.
| Bought in | Index change | $300,000 then, at the state rate |
|---|---|---|
| Q2 1995 | +244% | $1,030,557 |
| Q2 2000 | +200% | $901,448 |
| Q2 2005 | +60.1% | $480,407 |
| Q2 2010 | +71.8% | $515,340 |
| Q2 2015 | +67.3% | $501,932 |
| Q2 2020 | +45.8% | $437,437 |
| Q2 2021 | +32.0% | $396,149 |
| Q2 2023 | +11.2% | $333,709 |
| Q2 2025 | +2.2% | $306,719 |
Frequently asked questions
- How much have home prices gone up in Maryland?
- FHFA HPI® data for Maryland shows the all-transactions index changed +2.2% over the year to Q2 2026, +32.0% over five years, +63.8% over ten years, and +248% since Q1 1995.
- Is Maryland appreciating faster than the national average?
- Over the past year Maryland's index moved −0.8 pts versus the U.S. (+3.0%), ranking 40th of 51 states and D.C. Over five years the gap is −9.2 pts.
- Which ZIP codes in Maryland are appreciating fastest?
- Over the past year the strongest of 13 3-digit ZIP regions in Maryland was ZIP3 214 (Annapolis, MD area) at +7.4%, and the weakest was ZIP3 209 (Takoma Park, MD area) at -0.7%. 5 of 13 beat the national one-year change.