Bel Air, MD housing market
Home prices around Bel Air have risen about 48% over the past 5 years.
Home values, sales, trends and how Bel Air compares with the towns next door — updated as new data is published.
Home prices up 48% in 5 years
The federal house price index for the ZIP code around Bel Air rose 48% over the past 5 years, faster than across Maryland (40%). Last year prices rose 4.3%. Carrying the Census median home value forward with that index puts the typical Bel Air home at roughly $314,000 today.
Show as a table
| Year | Change that year | Since 2000 | Maryland since 2000 |
|---|---|---|---|
| 2025 | +4.3% | +118% | +168% |
| 2024 | +7.7% | +109% | +161% |
| 2023 | +6% | +94% | +148% |
| 2022 | +15% | +83% | +135% |
| 2021 | +7.9% | +59% | +110% |
| 2020 | +4.2% | +47% | +92% |
| 2019 | +4.3% | +41% | +87% |
| 2018 | −0.8% | +36% | +82% |
| 2017 | +2.7% | +37% | +77% |
| 2016 | +1.2% | +33% | +72% |
| 2015 | −2.4% | +32% | +68% |
| 2014 | −2.7% | +35% | +64% |
| 2013 | −2.7% | +38% | +59% |
| 2012 | −1.1% | +42% | +56% |
| 2011 | −3.2% | +44% | +59% |
| 2010 | −3.3% | +49% | +66% |
| 2009 | −3.5% | +54% | +75% |
| 2008 | −0.7% | +59% | +97% |
| 2007 | +7.7% | +61% | +110% |
| 2006 | +15% | +49% | +107% |
| 2005 | +12% | +30% | +84% |
| 2004 | +6% | +16% | +50% |
| 2003 | +2.7% | +9.2% | +28% |
| 2002 | +2.4% | +6.4% | +18% |
| 2001 | +3.9% | +3.9% | +7.9% |
| 2000 | — | — | — |
How Bel Air ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 21502, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Bel Air and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Bel Air | +4.3%† | $1,010 | $97,685 |
| Cresaptown | +4.3%† | $1,010 | $68,370 |
† FHFA price index change, where Zillow has no home value for the town.
2 years of income
The typical Bel Air home costs about 2 years of the town's median household income, less than across Maryland (4.1 years).
How Bel Air ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Bel Air is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Bel Air pay a median of $695, so moving in tends to cost more than staying put. A two-bedroom takes about 12% of the town's median household income.
Studio $720 · 4 bedrooms $1,510
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (21502; Allegany County, MD), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.