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Howard County, MD

RANK #472 / 996  ·  POP 332,011  ·  MD

PROJECTED GROWTH: +0.8%

Howard County sits in the middle of the pack — stable but not accelerating.

[01] Why Howard County?

Historic Ellicott City, with its distinctive Main Street of 18th-century architecture, offers a glimpse into Howard County's past as a mill town. Located in central Maryland, the county sits between Baltimore and Washington, D.C., providing commuter access to both major cities via routes like I-70, I-95, and public transit options including MARC train and commuter buses. The community blends suburban and rural landscapes, with over 30,000 acres of parkland and more than 100 miles of trails, including portions of Patapsco Valley State Park. This offers residents opportunities for hiking, biking, and enjoying natural scenery.

Life in Howard County is characterized by a focus on quality of life, often attracting families. The Howard County Public School System is a draw for many residents. The local economy is driven by sectors such as business services, education, and healthcare, with ongoing investments in these areas. The county also supports local businesses and entrepreneurs through initiatives like the Maryland Innovation Center and an Enterprise Zone in Eastern Howard County, which offers incentives for businesses to invest and grow employment.

[02] Market Snapshot

Housing Ratio
6.0x

Above national median (4.7x)

GDP Growth
+3.7%

Above national median

Home Prices
-0.3%

Prices declining

Climate & Terrain
-1.4

Below-average climate & terrain

Price/Rent
21x

Prices detached from rents

Housing is fairly valued at 6.0x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Howard County U.S. National

The Numbers

DEMOGRAPHICS
Population
332,011
+0.84% YoY
Median Household Income
$140,971
Median Home Value
$551,300
-0.26% 12mo
Median Rent
$1,920
Average Annual Pay
$86,951
+2.4% YoY
Employment
173,483
+2.2% YoY
Income-to-Home-Value
0.2557
More affordable than average
Migration Inflow
3.94%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$535,000
Days on Market
36
Active market
Months of Supply
1.7
Seller's market
Sale-to-List Ratio
100.0%
Near asking price
Sold Above List
40.0%
Listings w/ Price Drops
22.4%
Building Permits (2024)
881
Single-Family Permits
592

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$588M
TOTAL
PROJECT AMOUNT STATUS
Howard County Capital Improvement Plan (CIP) for FY2026
Howard County Government
$365M Planned
Howard County Public School System Capital Improvements
Howard County Government
$117M Planned
Howard County Solar Portfolio (10 projects, 29 MW)
CleanCapital
$71M Completed
Bioenergy Devco Anaerobic Digester
Bioenergy Devco
$35M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.7% 68 percentile
Population Growth +0.8% 66 percentile
Income Growth +8.8% 59 percentile
Vacancy Rate 0.8% 74 percentile
Home Price Change -0.3% 28 percentile
Rent Growth +0.8% 17 percentile
Price/Rent 21x 6 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Howard County, MD a good place to move to?

Howard County has a Boom Town Index score of 53/100, ranking #472 among 996 U.S. counties. With job growth at +2.2% and a median household income of $140,971, it's an above-average county on economic indicators.

Is Howard County affordable?

The median home value in Howard County is $551,300 with median rent at $1,920/month. The income-to-home-value ratio is 0.2557, which is more affordable than the national average.

Is Howard County growing or shrinking?

Population growth: +0.8% year-over-year. Job growth: +2.2%. Home values changed -0.3% in the past 12 months.

Are people moving to Howard County?

Yes — 3.94% of Howard County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Wilkes County, NC 63 San Francisco County, CA 63 Union County, NJ 63 Carbon County, PA 63 Natrona County, WY 63 Washington County, MD 63 Hunterdon County, NJ 63 Bucks County, PA 63