Commercial Real Estate Market in Cheltenham, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Cheltenham, MD spans 1.9 square miles in Howard County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cheltenham, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Cheltenham, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Cheltenham, MD runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Cheltenham, MD runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Cheltenham, MD has 2,846 residents in 968 households. Density runs 1,483 people per square mile. Median household income here is $132,386.
2,846
Population
968
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
1,483
Density / Sq Mi
$132,386
Median Household Income
$77,998
Median Earnings
$0
Median Rent
$452,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brandywine | — | — |
| Clinton | — | $36.66 |
| Upper Marlboro | — | $15.38 |
| Camp Springs | — | — |
Methodology & data sources
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
