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Carroll County, MD

District 7

RANK #591 / 996 NAT  ·  #5 / 18 MD  ·  POP 173,225

1YR FORECAST: +0.3%

5YR OUTLOOK: +21%

Carroll County's housing market is projected to grow +0.3% over the next year, below the national average.

[01] Why Carroll County?

Sykesville, once named "Coolest Small Town in America," offers a glimpse into Carroll County, Maryland's distinctive character. Located in the central part of the state, Carroll County sits between Baltimore and Frederick counties, providing a blend of rural scenery and suburban amenities. Commuting to Baltimore or Washington D.C. is possible via MTA commuter buses, though the average one-way commute of 35.6 minutes is longer than the national average. The county's landscape features rolling hills, deciduous forests, and waterways like the Patapsco River and Piney Run Reservoir, offering opportunities for hiking, fishing, and boating at parks such as Piney Run Park and Hashawha Environmental Center.

Life in Carroll County often appeals to families, with highly rated public schools. The community maintains a traditional, close-knit feel. The local economy is diverse, with a significant presence in manufacturing, transportation, and health and business services. While agriculture remains important, there is also a focus on nurturing bioscience and other emerging enterprises. The county has also invested in broadband infrastructure to support its growing businesses.

[02] Market Snapshot

Housing Ratio
9.9x

Overvalued relative to economy

GDP Growth
+2.9%

Above national median

Home Prices
+1.4%

Above national median

Climate & Terrain
-1.3

Below-average climate & terrain

Price/Rent
18x

Above national median (13x)

Housing looks overvalued at 9.9x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Carroll Hospital Center (LifeBridge Health) Healthcare
    1,000+
  2. 2
    Board of Education of Carroll County Education
  3. 3
    Springfield Hospital Center Healthcare
    500+
  4. 4
    McDaniel College Education
  5. 5
    Penguin Random House Logistics
  6. 6
    Carroll Community College Education
  7. 7
    Walmart Retail
  8. 8
    Carroll County Government Government
  9. 9
    Weis Markets Retail
    250+
  10. 10
    EVAPCO Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Carroll County U.S. National

The Numbers

DEMOGRAPHICS
Population
173,225
+0.63% YoY
Median Household Income
$111,672
Median Home Value
$390,200
+1.45% 12mo
Median Rent
$1,283
Average Annual Pay
$57,405
+3.5% YoY
Employment
59,195
+2.4% YoY
Income-to-Home-Value
0.2862
More affordable than average
Migration Inflow
3.39%
of pop. from another state
Bachelor's Degree+
38.8%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$491,500
Days on Market
37
Active market
Months of Supply
2.4
Seller's market
Sale-to-List Ratio
100.6%
Homes selling above asking
Sold Above List
39.8%
Listings w/ Price Drops
26.2%
Building Permits (2024)
156
Single-Family Permits
144

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

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
1.5
per 100K · nat avg 6.3
Firearm Fatalities
7.1
per 100K · nat avg 14.8
Injury Deaths
88.1
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
42.3
Good
Good Air Days
82%
601 of 730 days
Unhealthy+ Days (3yr)
6
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
41
2022
42
2023
44
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$263M
TOTAL
PROJECT AMOUNT STATUS
Blue Crab Solar & Storage LLC
Blue Crab Solar & Storage LLC
$125M Proposed
Knorr Brake Company Expansion
Knorr Brake Company
$50M Planned
Residential Developments (Multiple Communities)
Various Homebuilders (e.g., Keystone Custom Homes, Ryan Homes)
$50M Under Construction
Broadband Infrastructure Expansion (Fiber Optic Network)
Carroll County Government / Internet Service Providers
$38M Under Construction

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

[08] Score Breakdown

GDP Growth +2.9% 53 percentile
Population Growth +0.6% 58 percentile
Income Growth +6.7% 14 percentile
Vacancy Rate 0.6% 92 percentile
Home Price Change +1.4% 52 percentile
Rent Growth +1.7% 29 percentile
Price/Rent 18x 14 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

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

Carroll County scores 40/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#591). Median household income is $111,672 and job growth is running at +2.4%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Carroll County affordable?

Housing in Carroll County is roughly in line with national affordability norms. The median home costs $390,200 and the income-to-home-value ratio sits at 0.29, with rents averaging $1,283/month. Not a bargain, but not a stretch for most local earners either.

Is Carroll County growing or shrinking?

Carroll County is growing on multiple fronts. Population is up +0.6% year-over-year while employers added jobs at a +2.4% clip. Home values shifted +1.4% in the past year.

Are people moving to Carroll County?

There's a moderate stream of newcomers. About 3.39% of residents moved from another state, which is above average and suggests Carroll County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Washington County, MD 42 Queen Anne's County, MD 44 Calvert County, MD 33 Baltimore County, MD 29 Allegany County, MD 56 St. Mary's County, MD 24 Putnam County, NY 40 Frederick County, VA 40