ZIP Code · MD

ZIP 21040

Part of Edgewood, MD

Pop. 24,960·Harford County·100th most expensive ZIP in Maryland

Median rent (all units)

$1,750/mo

Year-over-Year

+5.7%

Month-over-Month

+1.2%

vs US Median

-$182

Reported rents

Rising (Monthly)

Be the first to discuss 21040 rents ↓

Most AffordableMost Expensive

ZIP 21040 · $1,750

More affordable than 55% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,270

1 BR

$1,450

2 BR

$1,770

3 BR

$2,280

4 BR+

$2,550

Research median

$1,770/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

September. Asking rents in ZIP 21040 usually run 0.9% below trend in September and 0.8% above it in May, about $30 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 21040 is at its highest level since Zillow's records here began in September 2021.

Past year vs. the rest of Maryland

Rent in ZIP 21040 changed +5.7% over the year to September 2026. Across the 124 Maryland ZIP codes Zillow tracks, the typical change was +2.6%.

Recent direction

Rent has risen 3 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($81,704) is $2,043 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,770); a 3-bedroom is $2,280.

From Zillow's monthly rent index (ZORI) for ZIP 21040. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,000/yr

At $1,750/mo median

Location

CityEdgewood

StateMD

CountyHarford County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.7% YoY, +1.2% MoM), not inventory.

Demographics

Who lives here

ZIP 21040 (Edgewood, MD) is majority owner-occupied, has a large share of families with children, 22.8% of residents hold a bachelor's degree or higher.

Population

24,960

Median income

$81,704

Median age

36.4

Renters

28.9%

Age distribution

25.7%

23.6%

25%

14.2%

Under 1825.7%

18–3423.6%

35–5425%

55–6411.5%

65+14.2%

Gender

49.1%

50.9%

Male49.1%

Female50.9%

Race & ethnicity

40.7%

38.2%

White40.7%

Black38.2%

Hispanic11.2%

Asian1.2%

Other8.7%

Education (25+)

36.8%

35.2%

22.8%

No HS diploma5.2%

HS diploma36.8%

Some college35.2%

Bachelor's+22.8%

Housing tenure

71.1%

28.9%

Owner71.1%

Renter28.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 21040 in Edgewood, MD has changed in 5 years

Rent

$1,463 → $1,750

up 19.6%

Income

$72,277 → $81,704

up 13.0%

Population

24,811 → 24,960

up 0.6%

Renter share

30% → 28.9%

-1.1 pts

Bachelor's+

21.3% → 22.8%

+1.5 pts

Median age

35.4 → 36.4

+1.0 yrs

Since 2022, the typical rent in ZIP 21040 in Edgewood, MD has increased from $1,463 to $1,750, a 19.6% change over five years. Census figures show median household income at $81,704 today, compared with $72,277 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

Discussions about ZIP 21040

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 21040

About renting in ZIP 21040

Last updated: October 17, 2026

ZIP code 21040 covers Edgewood, MD. The median rent here is $1,750/mo as of October 2026. A 1-bedroom rents for a median of $1,450/mo. A 2-bedroom rents for a median of $1,770/mo.

At 26% of local median household income ($81,704/yr), ZIP 21040 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 21040?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (about $34/hour full-time) to afford the median rent of $1,750/mo in ZIP 21040. The local median household income is $81,704/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 21040?

Rent in ZIP 21040 has risen 5.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in September 2021.

When is the cheapest time to rent in ZIP 21040?

Asking rents in ZIP 21040 are usually lowest in September, about 0.9% below their yearly trend, and highest in May, about 0.8% above it. At today's median that is a gap of roughly $30 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 21040 compare to other ZIPs in Maryland?

ZIP 21040 is one of the more affordable among Maryland ZIP codes for rent, ranking #100 of 140 at $1,750/mo. Over the year to September 2026, rent in ZIP 21040 changed +5.7%, against a typical +2.6% across the 124 Maryland ZIP codes Zillow tracks.