Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$334,905+2.0% YoY · prices are rising
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 14% have cut their price
Income needed to buy, per year$72,600About 1.1× the local median income ($67,553): a stretch for a typical household
Days on market101 daysFaster than a year ago: sellers have the edge
The typical home in Garrett County, MD is worth $334,905, up 2.0% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $342,148, so the area is 2.1% undervalued. It is a balanced market, leaning toward sellers: homes take about 101 days to sell, listings are down 1% from a year ago, 14% of listings have had a price cut. A household needs about $72,600 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 $67,553. Typical rent is $1,050 a month. In the latest IRS figures, 28 more people moved in than out.
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
$334,905
Change in 1 year
+2.0%
Overvalued %
−2.1%
Show 6 more
Fair home value
$342,148
Change in 5 years
+14.8%
Home value to income
5.0×
Monthly mortgage payment (20% down)
$1,815
Income needed to afford it
$72,600
Property tax rate
0.78%
Rent and investing
Typical rent
$1,050
Price-to-rent ratio
26.6×
HUD Fair Market Rent, 2 bedrooms
$1,014
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Gross rental yield
3.76%
Cap rate (estimate)
2.45%
Market activity
Listings vs a year ago
−0.9%
Days on market
101
Listings with a price cut
14.0%
Show 3 more
Homes for sale
230
Pending sales per 100 listings
28
Asking price per sq ft
$277
People and jobs
Median household income
$67,553
Population change (1 year)
−0.2%
Unemployment rate
4.3%
Show 4 more
Population
28,370
Income adjusted for cost of living
$72,482
Net moves in (IRS)
+28
Cost of living (US = 100)
93.2
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
16.0
Unhealthy air days a year
0
Show 4 more
Flood risk score
34.7
Wildfire risk score
31.9
Walkability (1 to 20)
5.8
Road, rail and air noise
54 dB
Questions people ask
Is Garrett County, MD overvalued?
Home prices in Garrett County, MD are slightly below what local incomes have historically supported: fair value is about $342,148, so the area is 2.1% undervalued.
Is Garrett County, MD a buyer's or seller's market?
Garrett County, MD is a balanced market, leaning toward sellers: homes take about 101 days to sell, listings are down 1% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Garrett County, MD?
Home values in Garrett County, MD are up 2.0% over the last year.
How much do you need to earn to buy a home in Garrett County, MD?
A household needs about $72,600 a year to afford the typical home in Garrett County, MD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,553.