Catonsville, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Catonsville Neighborhoods Since 2000




Catonsville, MD Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Catonsville Housing Market Information

With 42,698 people, 15,134 houses or apartments, and a median cost of homes of $345,536, real estate costs in Catonsville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Catonsville, accounting for 50.97% of the town's housing units. Other types of housing that are prevalent in Catonsville include large apartment complexes or high rise apartments ( 23.25%), row houses and other attached homes ( 18.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.17%).

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 61.02% owning and 38.98% 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 38.79% of the town's housing hails from this era. Other housing ages represented in Catonsville include homes built between 1970-1999 ( 31.51%) and housing constructed before 1939 ( 25.38%). There's also some housing in Catonsville built between 2000 and later ( 4.32%).

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 -1.13%, which is lower than 70% of US communities.

Over the last year, Catonsville appreciation rates have trailed the rest of the nation. In the last twelve months, Catonsville's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Catonsville were at -0.51%, which equates to an annual appreciation rate of -2.03%.

Relative to Maryland, our data show that Catonsville's latest annual appreciation rate is lower than 50% 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:
$345,536

Catonsville, MD HOME PRICES

Value Range
> $1,081,000 0.4
$810,001 - $1,081,000 0.6
$540,001 - $810,000 10.4
$432,001 - $540,000 12.8
$324,001 - $432,000 26.8
$216,001 - $324,000 34.0
$108,001 - $216,000 12.6
$54,001 - $108,000 0.9
$0 - $54,000 1.6

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
12.5278331184812 30.9160305343511

Number Of Homes And Apartments:
15,134

Catonsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
84.91% 3.63% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,492 / per month

Homeownership Rate

Homeownership
Owners 61.02
Renters 38.98
Vacant 6.81

Housing Market Details

 

Age of Homes

AGE OF Catonsville HOMES
2000 or Newer 4.3
1970 - 1999 31.5
1940 - 1969 38.8
1939 or Older 25.4

Types of Homes

TYPE OF Catonsville HOMES
Single-Family 51.0
Townhomes 18.5
Small Apt. Buildings 7.2
Apt. Complexes 23.3
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Catonsville HOMES
No Bedroom 2.76
1 Bedroom 14.27
2 Bedrooms 18.34
3 Bedrooms 37.89
4 Bedrooms 20.01
5 or more bedrooms 6.73