Maryland Property Guide: What You Need to Know in 2025

If you’re thinking about buying or renting in Maryland, you’ve landed in the right place. The state’s real‑estate market mixes historic neighborhoods, suburban comfort, and a growing demand for rentals. Below you’ll find straight‑forward advice on buying a home, understanding rental rules, and what landlords can (or can’t) do.

Buying a Home in Maryland

First‑time buyers often ask, “Is Maryland affordable?” The answer depends on the county. Baltimore City still offers lower‑priced condos compared with the Washington‑DC suburbs, while Montgomery and Howard Counties command premium prices. Start by checking recent sale prices on local MLS listings – you’ll see price per square foot trends that help you set a realistic budget.

Don’t forget closing costs. In Maryland they usually run 2‑3 % of the purchase price and include stamp duty, title search, and recording fees. A smart move is to ask your lender for a Good‑Faith Estimate early on so you can budget for every line item.

Renting and Landlord‑Tenant Rules

Renters, pay attention: Maryland law sets clear limits on how much a landlord can raise your rent. In Baltimore City, for example, landlords can increase rent by up to 7 % per year, but they must give a 30‑day written notice. Outside the city, the same 30‑day rule applies, but there’s no statewide cap – just make sure the increase isn’t “unreasonable” under local ordinances.

Landlords, you have to follow strict showing rules. A Maryland landlord can only enter a rented home with 24‑hour notice, unless it’s an emergency. This protects tenant privacy and avoids disputes. If you need to show the unit to prospective renters, schedule visits during reasonable hours and always get the tenant’s consent in writing.

Both parties benefit from a written lease that outlines rent, security deposit, maintenance responsibilities, and the notice period for ending the tenancy. Maryland’s 2024 landlord‑tenant law update added clearer language on security deposit handling – landlords must return deposits within 45 days of lease termination, minus any documented damages.

Finally, when you calculate rental income for a potential investment, remember the 7.5 % cap rate rule often cited in commercial real estate. For a residential rental in Maryland, a cap rate of 5‑6 % is more typical, reflecting lower risk. Use the income approach – annual net operating income divided by purchase price – to see if the property meets your return goals.

Whether you’re buying a family home in Annapolis or managing a multi‑unit building in Frederick, staying on top of Maryland’s property rules saves you money and headaches. Keep these tips handy, and you’ll navigate the market with confidence.