Essex, MD
Full City Profile · Maryland · Baltimore city County
3.6
/5.0
B+
Good
40,670
Population
4,392/sq mi density
$67,082
Median Income
$36,457 per capita
$253,500
Home Value
$291,957 Zillow
$1,307
Median Rent
32.3% income on rent
59°F
Avg Temperature
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$67,082 median income, 5.3% unemployment
A+
Affordability
4.6 / 5.0
$253,500 home value, $1,307/mo rent
C+
Education
2.5 / 5.0
19.0% bachelor's degree or higher
Housing Overview
Median Home Value
$253,500
10% below
US avg: $281,900
Median Rent
$1,307/mo
12% above
US avg: $1,163/mo
Homeownership Rate
57.6%
12% below US avg (65.4%)
Total Housing Units
17,011
Median year built: 1964
Home Value by Source
Census Median
$253,500
Zillow (ZHVI)
$291,957
Redfin Median Sale
$292,500
Median Sale Price
$292,500
Median List Price
$299,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
57.6%
Owner-Occupied
42.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,312/mo
1 Bedroom
$1,400/mo
2 Bedroom
$1,648/mo
3 Bedroom
$2,123/mo
4 Bedroom
$2,442/mo
Census median rent:
$1,307/mo
· Zillow rent:
$1,974/mo
Market Indicators (Redfin)
Median Sale Price
$292,500
Median Days on Market
70 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
20
Price Drops
14.9%
of listings with price reduction
Price Per Sq Ft
$220
Active Inventory
67
homes for sale
Affordability & Housing Stock
Rent Burden
32.3%
of renters spending 30%+ of income on housing
4% above US avg (31.0%)
Median Year Built
1964
Average age of housing stock: 62 years
Homeownership Rate
57.6%
Complete Housing Data
Home Values
| Census Median Value | $253,500 |
| Zillow Home Value (ZHVI) | $291,957 |
| Redfin Median Sale | $292,500 |
| Median Sale Price | $292,500 |
| Median List Price | $299,900 |
| Price Per Sq Ft | $220 |
Rent
| Census Median Rent | $1,307 |
| Zillow Rent (ZORI) | $1,974 |
| FMR Studio | $1,312 |
| FMR 1-Bedroom | $1,400 |
| FMR 2-Bedroom | $1,648 |
| FMR 3-Bedroom | $2,123 |
| FMR 4-Bedroom | $2,442 |
Market
| Days on Market | 70 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 14.9% |
| Homes Sold | 20 |
| Active Inventory | 67 |
| Price Per Sq Ft | $220 |
Ownership & Stock
| Owner-Occupied | 57.6% |
| Renter-Occupied | 42.4% |
| Homeownership Rate | 57.6% |
| Total Housing Units | 17,011 |
| Median Year Built | 1964 |
| Rent Burden | 32.3% |