Aspen Hill, MD
Population 53,752 · Maryland
About Aspen Hill, MD
Aspen Hill is a mid-sized city located in Maryland with a population of 53,752 residents according to the latest US Census Bureau American Community Survey data. The median household income is $109,026 per year, which is 45% above the national median of $75,149. The median age of 37.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Aspen Hill features a median home value of $538,000, which is 120% above the national median of $244,900. This places Aspen Hill in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,925, 66% above the national average of $1,163/month. Of the 17,992 total housing units, 64% are owner-occupied (11,221 units) and 36% are renter-occupied (6,204 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Aspen Hill shows an unemployment rate of 6.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Aspen Hill have an average one-way commute time of 33.8 minutes.
Education & Demographics
44.0% of Aspen Hill residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.7% White, 2.1% Hispanic or Latino, 1.5% Black or African American, and 31.5% Asian residents, with 39.4% of the population being foreign-born.
How Aspen Hill Ranks in Maryland
Cost of Living in Aspen Hill, MD
Compared to national averages, Aspen Hill has a median household income of $109,026 (45% above the national median of $75,149). Home values average $538,000, which is 120% above the national median. Monthly rent at $1,925 is 66% above the US average of $1,163. Within Maryland, Aspen Hill's income is 1% above the state average of $107,956, and home values are 34% above the state median of $402,447.
Why Live in Aspen Hill, MD?
Aspen Hill offers a strong local economy with a median household income of $109,026, well above the national average, and a well-educated community where 44.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $538,000. However, as a mid-sized city, Aspen Hill provides access to a wide range of amenities and services.
Aspen Hill has a population of 53,752 with a median age of 37.6 years. Compare Aspen Hill with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Aspen Hill
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wheaton | 52,172 | $107,349 | $483,100 | Compare |
| Towson | 57,683 | $100,481 | $445,100 | Compare |
| Bel Air South | 57,702 | $120,721 | $384,000 | Compare |
| Bowie | 57,771 | $141,831 | $442,000 | Compare |
| North Bethesda | 49,498 | $128,970 | $712,100 | Compare |
| Severn | 58,041 | $130,627 | $465,600 | Compare |
| Potomac | 46,230 | $239,205 | $1,105,900 | Compare |
| Odenton | 45,585 | $126,455 | $408,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Aspen Hill With Other Cities
Frequently Asked Questions about Aspen Hill
What is the population of Aspen Hill, MD?
The population of Aspen Hill, MD is 53,752 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Maryland.
What is the median household income in Aspen Hill?
The median household income in Aspen Hill, MD is $109,026 per year, which is 45% above the national median of $75,149.
What is the median home value in Aspen Hill?
The median home value in Aspen Hill, MD is $538,000, which is 120% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Aspen Hill?
The median monthly rent in Aspen Hill, MD is $1,925, which is 66% above the national average of $1,163/month.
What is the unemployment rate in Aspen Hill?
The unemployment rate in Aspen Hill, MD is 6.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Aspen Hill, MD a good place to live?
Aspen Hill offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 53,752 and a median age of 37.6, the city appeals to a broad range of residents.
How educated is Aspen Hill, MD?
44.0% of residents in Aspen Hill aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Aspen Hill?
Key cost-of-living indicators for Aspen Hill, MD: median home value is $538,000 (120% above national), median rent is $1,925/month, and median household income is $109,026. The home-value-to-income ratio is 4.9x, a moderate figure by national standards.
What is the poverty rate in Aspen Hill?
The poverty rate in Aspen Hill, MD is 8.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Aspen Hill, MD?
Aspen Hill's population is 1.7% White, 2.1% Hispanic or Latino, 1.5% Black or African American, 31.5% Asian, and 15.7% two or more races. 39.4% of residents are foreign-born.