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📍 Elkridge, MD · Zillow ZHVI · July 2026

Average Home Price in
Elkridge, MD

Baltimore-Columbia-Towson, MD metro area · Howard County County

Median Home Value
$489,926
↓ 1.2% year-over-year
vs. National Median
$410,000
Elkridge is 19% above
Est. Monthly Payment
$2,555/mo
20% down · 6.8% rate
Income Needed
$130K
gross annual (30% rule)
Median Home Value
$489,926
↓ 1.2% year-over-year
Down Payment (20%)$97,985
Monthly P&I$2,555/mo
With Taxes & Ins.~$3,245/mo
Income Needed$129,800/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Elkridge, MD

The median home value in Elkridge, MD is $489,926 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.2% compared to a year ago and up 1.5% from two years prior.

Compared to the U.S. national median of $410,000, homes in Elkridge are priced19% above average. Elkridge is part of the Baltimore-Columbia-Towson, MD metro area.

Over the past five years, Elkridge home values have risen by approximately15.0%, reflecting steady appreciation in this market.

City Comparison

Elkridge vs. National Median

🏠 Elkridge
$489,926
National Median
$410,000

At $489,926, homes in Elkridge cost 19% above the national median of $410,000. Buyers in Elkridge should expect to pay a premium compared to most U.S. markets.

Affordability

What Does It Cost to Buy in Elkridge?

20% Down Payment
$97,985
on $489,926
Monthly P&I
$2,555/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,245/mo
incl. taxes & insurance
Income Needed
$129,800
gross annual (30% rule)
10% Down Option
$48,993
+ PMI applies
Loan Amount (20% dn)
$391,941
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Elkridge, MD?
The median home value in Elkridge is $489,926 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.2% year-over-year.
How much have home prices changed in Elkridge?
Over the past year, home values in Elkridge have decreased by 1.2%. Over five years, prices have risen approximately 15.0%.
How much do I need to earn to buy a home in Elkridge?
To comfortably afford the median home price of $489,926 with a 20% down payment ($97,985) at today's rates (6.8%), you'd need a gross annual income of approximately $129,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Elkridge compare to the national average home price?
The national median home value is approximately $410,000. At $489,926, homes in Elkridge are 19% above the national average.
What metro area is Elkridge part of?
Elkridge is part of the Baltimore-Columbia-Towson, MD metropolitan area. Home prices and market conditions can vary across the broader metro region.