Callaway, MD
Population 1,087 · Maryland
About Callaway, MD
Callaway is a small town located in Maryland with a population of 1,087 residents according to the latest US Census Bureau American Community Survey data. The median household income is $148,167 per year, which is 97% above the national median of $75,149. The median age of 48.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Callaway features a median home value of $361,500, which is 48% above the national median of $244,900. This positions Callaway in a moderately priced market relative to the rest of the country. Median monthly rent is $1,360, 17% above the national average of $1,163/month. Of the 539 total housing units, 83% are owner-occupied (388 units) and 17% are renter-occupied (80 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Callaway shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Callaway have an average one-way commute time of 24.2 minutes.
Education & Demographics
22.3% of Callaway residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 3.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 5.4% of the population being foreign-born.
Cost of Living in Callaway, MD
Compared to national averages, Callaway has a median household income of $148,167 (97% above the national median of $75,149). Home values average $361,500, which is 48% above the national median. Monthly rent at $1,360 is 17% above the US average of $1,163. Within Maryland, Callaway's income is 37% above the state average of $107,956, and home values are 10% below the state median of $402,447.
Why Live in Callaway, MD?
Callaway offers a strong local economy with a median household income of $148,167, well above the national average, and a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 4.0%, better than the national average. Additionally, the city features short commute times averaging just 24.2 minutes.
Callaway has a population of 1,087 with a median age of 48.7 years. Compare Callaway with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Callaway
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chevy Chase View | 1,092 | $250,001 | $1,239,800 | Compare |
| Lonaconing | 1,093 | $43,947 | $77,600 | Compare |
| Highfield-Cascade | 1,079 | $62,857 | $225,600 | Compare |
| Bowling Green | 1,096 | $71,875 | $123,600 | Compare |
| Potomac Heights | 1,102 | $68,831 | $87,900 | Compare |
| Trappe | 1,112 | $64,231 | $243,600 | Compare |
| Church Hill | 1,052 | $69,688 | $272,000 | Compare |
| Morningside | 1,031 | $80,000 | $287,000 | 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.
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Frequently Asked Questions about Callaway
What is the population of Callaway, MD?
The population of Callaway, MD is 1,087 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maryland.
What is the median household income in Callaway?
The median household income in Callaway, MD is $148,167 per year, which is 97% above the national median of $75,149.
What is the median home value in Callaway?
The median home value in Callaway, MD is $361,500, which is 48% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Callaway?
The median monthly rent in Callaway, MD is $1,360, which is 17% above the national average of $1,163/month.
What is the unemployment rate in Callaway?
The unemployment rate in Callaway, MD is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Callaway, MD a good place to live?
Callaway offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,087 and a median age of 48.7, the city appeals to established professionals and retirees.
How educated is Callaway, MD?
22.3% of residents in Callaway aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Callaway?
Key cost-of-living indicators for Callaway, MD: median home value is $361,500 (48% above national), median rent is $1,360/month, and median household income is $148,167. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Callaway?
The poverty rate in Callaway, MD is 4.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Callaway, MD?
Callaway's population is 0.0% White, 3.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 5.4% two or more races. 5.4% of residents are foreign-born.