Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$326,167+0.7% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$70,706About 1.0× the local median income ($72,564): affordable for a typical household
Days on market62 daysSlower than a year ago: buyers have time to negotiate
The typical home in Caroline County, MD is worth $326,167, up 0.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $306,631, so the area is 6.4% overvalued. It is a balanced market, leaning toward buyers: homes take about 62 days to sell, listings are up 33% from a year ago, 19% of listings have had a price cut. A household needs about $70,706 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,564. Typical rent is $1,350 a month. In the latest IRS figures, 56 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$326,167
Change in 1 year
+0.7%
Overvalued %
+6.4%
Show 6 more
Fair home value
$306,631
Change in 5 years
+15.3%
Home value to income
4.5×
Monthly mortgage payment (20% down)
$1,768
Income needed to afford it
$70,706
Property tax rate
0.90%
Rent and investing
Typical rent
$1,350
Price-to-rent ratio
20.1×
HUD Fair Market Rent, 2 bedrooms
$1,320
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Gross rental yield
4.97%
Cap rate (estimate)
3.23%
Market activity
Listings vs a year ago
+33.3%
Days on market
62
Listings with a price cut
19.1%
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Homes for sale
124
Pending sales per 100 listings
30
Asking price per sq ft
$198
People and jobs
Median household income
$72,564
Population change (1 year)
+0.2%
Unemployment rate
5.7%
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Population
34,116
Income adjusted for cost of living
$77,858
Net moves in (IRS)
−56
Cost of living (US = 100)
93.2
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
45.7
Flood risk score
53.4
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Wildfire risk score
63.7
Walkability (1 to 20)
6.0
Road, rail and air noise
54 dB
Questions people ask
Is Caroline County, MD overvalued?
Home prices in Caroline County, MD are slightly above what local incomes have historically supported: fair value is about $306,631, so the area is 6.4% overvalued.
Is Caroline County, MD a buyer's or seller's market?
Caroline County, MD is a balanced market, leaning toward buyers: homes take about 62 days to sell, listings are up 33% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Caroline County, MD?
Home values in Caroline County, MD are up 0.7% over the last year.
How much do you need to earn to buy a home in Caroline County, MD?
A household needs about $70,706 a year to afford the typical home in Caroline County, MD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,564.