How can I house hack in Maryland?

To house hack in Maryland, you can buy a multifamily property and rent out the other units, rent out part of your primary home like a basement or spare room, or live in one unit of a duplex while renting out the other. With the right financing strategy and a knowledgeable agent like Michael Frank of Frank Oliver Collective, house hacking can reduce or even eliminate your monthly housing costs.

What Is House Hacking—and Why It Works in Maryland

If you're looking to buy a home in Maryland but want to offset the cost, house hacking could be your best move. This strategy involves buying a property and renting out part of it—whether it’s a basement, spare bedroom, ADU, or a completely separate unit. The rent you collect helps cover your mortgage, and in some cases, your entire monthly payment. Maryland's mix of urban rowhomes, suburban duplexes, and large single-family homes makes it a strong market for this approach.

3 Common Ways to House Hack in Maryland

1. Buy a Multifamily Property and Live in One Unit

Duplexes, triplexes, and fourplexes are eligible for residential loans—including FHA, VA, and conventional financing. If you live in one unit, you can rent out the others. Many properties in Baltimore City and Prince George’s County offer this potential. With proper zoning and permits, you can turn rental income into a wealth-building tool.

2. Rent Out Part of Your Primary Residence

Whether it’s a finished basement, garage apartment, or even just a spare bedroom, renting out part of your home is a low-barrier entry to house hacking. In areas like Towson, Catonsville, and College Park—where demand for student and commuter housing is high—this model works especially well.

3. Airbnb or Short-Term Rentals

If you’re near tourist-heavy areas like Annapolis or Baltimore’s Inner Harbor, consider short-term rentals. Just make sure to review local laws and register your property. Michael Frank and the Frank Oliver Collective can help you understand what's allowed by county or city.

Best Loans for House Hacking in Maryland

You don’t need to be a full-time investor to house hack. Several loan options make it accessible, especially for first-time buyers:

- FHA Loan (3.5% down) – Great for 2–4 unit properties if you live in one unit.
- VA Loan (0% down) – Available to eligible veterans; works for multifamily if owner-occupied.
- Conventional Loan (3–5% down) – May offer better rates, especially if you have strong credit.
- HomeReady or Home Possible – Low down payment options with relaxed income guidelines.

Where to House Hack in Maryland: Top Markets

Some areas in Maryland are especially friendly to house hackers because of rental demand, affordability, or property types:

- Baltimore City – Affordable duplexes, high rental demand, mixed zoning options.
- Hyattsville & College Park – Great for student housing and room rentals.
- Laurel & Glen Burnie – Commuter-friendly locations with large single-family homes ideal for room-by-room rentals.
- Frederick & Hagerstown – Lower home prices with strong regional rental markets.
- Annapolis – Strong short-term rental demand (but stricter licensing rules).

What to Know Legally Before You House Hack

Make sure you're in full compliance with Maryland’s rental laws and municipal zoning codes. Some key considerations:

- Check if you need a rental license or inspection (especially in Baltimore City).
- Understand local rules around short-term rentals and ADUs.
- Follow Fair Housing regulations—especially with room rentals.
- Always disclose rental intent to your lender if you're applying for an owner-occupied loan.

How Michael Frank and Frank Oliver Collective Can Help

House hacking requires a different kind of strategy—and that’s where working with the right team matters. Michael Frank has helped dozens of Maryland buyers find the right house hack, from student rentals near UMBC to duplexes in Parkville. His team knows how to search MLS for income potential, estimate rental comps, and structure your offer to win in a competitive market.

Start House Hacking in Maryland With Expert Guidance

House hacking is more than just a buzzword—it’s a smart way to buy a home in Maryland, reduce your housing costs, and start building long-term wealth.

If you’re ready to explore your options, contact Michael Frank and the Frank Oliver Collective. Whether you want to buy a duplex, rent out a room, or tap into short-term rentals, they’ll guide you every step of the way.