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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Catonsville, MD Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Catonsville, MD Housing Market Trends

With a population of 44,701, 16,111 total housing units (homes and apartments), and a median house value of $432,205, Catonsville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Catonsville, accounting for 49.11% of the town's housing units. Other types of housing that are prevalent in Catonsville include large apartment complexes or high rise apartments ( 25.71%), row houses and other attached homes ( 19.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.86%).

The most prevalent building size and type in Catonsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.17% owning and 37.83% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Catonsville's housing was primarily built during this period, from the '40s through the '60s. A full 36.21% of the town's housing hails from this era. Other housing ages represented in Catonsville include homes built between 1970-1999 ( 33.67%) and housing constructed before 1939 ( 20.74%). There's also some housing in Catonsville built between 2000 and later ( 9.38%).

Catonsville Home Appreciation Rates

Catonsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Catonsville during the period has been just 4.83%, which is lower than 70% of US communities.

Appreciation rates are so strong in Catonsville that despite a nationwide downturn in the housing market, Catonsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Catonsville appreciation rates continue to be some of the highest in America, at 8.08%, which is higher than appreciation rates in 89.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Catonsville. Catonsville appreciation rates in the latest quarter were at 4.37%, which equates to an annual appreciation rate of 18.67%.

Relative to Maryland, our data show that Catonsville's latest annual appreciation rate is higher than 70% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Catonsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Catonsville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Catonsville real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$432,205

Catonsville, MD Home Prices
> $1,354,000
$1,015,001 - $1,354,000
$677,001 - $1,015,000
$542,001 - $677,000
$406,001 - $542,000
$271,001 - $406,000
$135,001 - $271,000
$68,001 - $135,000
$0 - $68,000
0.4%
0.4%
0.9%
0.9%
11.7%
11.7%
13.4%
13.4%
27.5%
27.5%
32.2%
32.2%
12.7%
12.7%
0.5%
0.5%
0.8%
0.8%
0% 100.0%
% of Homes
Average

for Maryland

Very High

for nation

Number of Homes And Apartments:

16,111

Catonsville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,399 / per month

Homeownership Rate

Owners
Renters
Vacant
62.2%
62.2%
37.8%
37.8%
4.1%
4.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.4%
9.4%
33.7%
33.7%
36.2%
36.2%
20.7%
20.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
49.1%
49.1%
19.2%
19.2%
5.9%
5.9%
25.7%
25.7%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
14.8%
14.8%
18.6%
18.6%
40.2%
40.2%
19.5%
19.5%
5.3%
5.3%
0% 100.0%
% of Homes