2024 · Maryland
Rental yield in Maryland
In 2024, the typical rental in Maryland produced a gross yield of 4.7% — $1,721/mo median rent against a $436K median home value, ranking 25th of 51 states.
4.7%
Gross rental yield
below the 4.9% U.S. median
$1,721/mo
Median gross rent
incl. utilities (ACS)
$436K
Median home value
owner-occupied (ACS)
Maryland metros by yield
Metropolitan areas in Maryland with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Salisbury, MD | 6.5% | $1,388/mo | $256K |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 5.0% | $1,567/mo | $375K |
| Baltimore-Columbia-Towson, MD | 4.9% | $1,633/mo | $403K |
| Lexington Park, MD | 4.6% | $1,733/mo | $451K |
| Hagerstown-Martinsburg, MD-WV | 4.5% | $1,122/mo | $298K |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4.0% | $2,037/mo | $605K |
Frequently asked questions
What is the gross rental yield in Maryland?
In 2024, Maryland had a gross rental yield of 4.7% — $1,721/mo median gross rent against a $436K median home value. That ranks 25th of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Maryland metros have the best rental yield?
Among Maryland metros covered by the data, gross yield was highest in Salisbury, MD (6.5%), Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (5.0%), and Baltimore-Columbia-Towson, MD (4.9%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Maryland
Yield shows where the numbers work; our Investor Financing Report for Maryland shows the rate premium, denial rate, and DSCR lending investors face there.
Run a Maryland deal
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.