ZIP Code · MD

ZIP 21043

Pop. 48,525·Howard County·22nd most expensive ZIP in Maryland
Median rent (all units)
$2,481/mo
Year-over-Year
+4.2%
Month-over-Month
+0.8%
vs US Median
+$549
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 21043 · $2,481
More expensive than 79% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,670
1 BR
$1,850
2 BR
$2,280
3 BR
$2,890
4 BR+
$3,210
Research median
$2,280/mo

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

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 21043 usually run 1.3% below trend in January and 1% above it in August, about $57 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 21043 is at its highest level since Zillow's records here began in November 2017.

Past year vs. the rest of Maryland

Rent in ZIP 21043 changed +4.2% over the year to September 2026. Across the 124 Maryland ZIP codes Zillow tracks, the typical change was +2.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 21043 rose 28.9% while median household income rose 20.4% ($123,037 to $148,125). Rent outpaced income.

Since before the pandemic

Rent in ZIP 21043 is 35.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($148,125) is $3,703 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,210).

Cheaper nearby

ZIP 21228, 3 miles away, rents for 29% less ($1,750/mo), about $8,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 21043. 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
$29,772/yr
At $2,481/mo median
Location
StateMD
CountyHoward County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.2% YoY, +0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 21043 (Ellicott City, MD) is majority owner-occupied, has a median income above the national average, 64.2% of residents hold a bachelor's degree or higher.

Population
48,525
Median income
$148,125
Median age
40.3
Renters
33.1%
Age distribution
24.8%
17.3%
31%
15.1%
Under 1824.8%
18–3417.3%
35–5431%
55–6411.8%
65+15.1%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
48.8%
12.9%
25.8%
White48.8%
Black12.9%
Hispanic6.1%
Asian25.8%
Other6.3%
Education (25+)
18.1%
64.2%
No HS diploma6%
HS diploma11.7%
Some college18.1%
Bachelor's+64.2%
Housing tenure
66.9%
33.1%
Owner66.9%
Renter33.1%

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

2021 vs 2026

How ZIP 21043 in Ellicott City, MD has changed in 5 years

Rent
$1,911 → $2,481
up 29.8%
Income
$138,261 → $148,125
up 7.1%
Population
47,358 → 48,525
up 2.5%
Renter share
30.8% → 33.1%
+2.3 pts
Bachelor's+
67.1% → 64.2%
-2.9 pts
Median age
38.5 → 40.3
+1.8 yrs

Compared with 2021, rent in ZIP 21043 in Ellicott City, MD has climbed by $570 per month, settling near $2,481 after starting the period at $1,911. On the earnings side, the typical household in ZIP 21043 in Ellicott City, MD now reports about $148,125, up from $138,261 in 2021. Rent outpaced income growth by roughly 22.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 47,358 to 48,525 between 2021 and 2024, a 2.5% change. About 33.1% of households rent today, against 30.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 67.1% to 64.2%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 21043 in Ellicott City, MD reflects that arc in its own way.

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Local insights

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About renting in ZIP 21043

Last updated: October 17, 2026

ZIP code 21043 covers Ellicott City, MD. The median rent here is $2,481/mo as of October 2026. A 1-bedroom rents for a median of $1,850/mo. A 2-bedroom rents for a median of $2,280/mo.

At 20% of local median household income ($148,125/yr), ZIP 21043 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 21043?

To keep rent at or below 30% of gross income, you would need to earn at least $99,000/year (about $48/hour full-time) to afford the median rent of $2,481/mo in ZIP 21043. The local median household income is $148,125/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 21043?

Rent in ZIP 21043 has risen 4.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in November 2017.

When is the cheapest time to rent in ZIP 21043?

Asking rents in ZIP 21043 are usually lowest in January, about 1.3% below their yearly trend, and highest in August, about 1% above it. At today's median that is a gap of roughly $57 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 21043?

Yes. From 2019 to 2024, rent in ZIP 21043 rose 28.9% while median household income rose 20.4%, from $123,037 to $148,125. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 21043 compare to other ZIPs in Maryland?

ZIP 21043 is one of the pricier among Maryland ZIP codes for rent, ranking #22 of 140 at $2,481/mo. Over the year to September 2026, rent in ZIP 21043 changed +4.2%, against a typical +2.6% across the 124 Maryland ZIP codes Zillow tracks.

How does ZIP 21043 compare to the rest of Ellicott City?

At $2,481/mo, ZIP 21043 is $115 below the Ellicott City citywide median of $2,596/mo.
Income Affordability
20%
VERY AFFORDABLE

At $2,481/mo, rent takes ~20% of ZIP 21043's median household income ($148,125/yr). The standard benchmark is 30%.

ZIP 21043 20%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 21043 (Ellicott City, MD)

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