Cockeysville, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cockeysville, MD Real Estate Data


Cockeysville Housing Market Information

With a population of 21,341, 9,208 total housing units (homes and apartments), and a median house value of $330,083, real estate costs in Cockeysville 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.

Large apartment complexes or high rise apartments are the single most common housing type in Cockeysville, accounting for 62.91% of the town's housing units. Other types of housing that are prevalent in Cockeysville include single-family detached homes ( 23.70%), row houses and other attached homes ( 11.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.56%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Cockeysville is dominated by renter-occupied one, two, or no bedrooms apartments. 65.43% of Cockeysville's dwellings are rentals.

There is a lot of housing in Cockeysville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cockeysville built between 1940-1969 ( 29.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.44%). There's also some housing in Cockeysville built before 1939 ( 3.57%).

Cockeysville Home Appreciation Rates

Cockeysville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cockeysville during the period has been just -0.67%, which is lower than 70% of US communities.

Over the last year, Cockeysville appreciation rates have trailed the rest of the nation. In the last twelve months, Cockeysville's appreciation rate has been 3.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cockeysville were at 1.10%, which equates to an annual appreciation rate of 4.48%.

Relative to Maryland, our data show that Cockeysville's latest annual appreciation rate is lower than 80% 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 Cockeysville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cockeysville - 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 Cockeysville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$330,083

Cockeysville, MD HOME PRICES

Value Range
> $1,079,000 0.3
$810,001 - $1,079,000 1.0
$540,001 - $810,000 6.6
$432,001 - $540,000 7.4
$324,001 - $432,000 17.9
$216,001 - $324,000 54.0
$108,001 - $216,000 5.8
$54,001 - $108,000 3.2
$0 - $54,000 3.8

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
14.1535398489196 41.4448669201521

Number Of Homes And Apartments:
9,208

Rent & Ownership

 

Average Market Rent:
$1,506 / per month

Homeownership Rate

Homeownership
Owners 34.57
Renters 65.43
Vacant 6.84

Housing Market Details

 

Age of Homes

AGE OF Cockeysville HOMES
2000 or Newer 7.4
1970 - 1999 59.7
1940 - 1969 29.3
1939 or Older 3.6

Types of Homes

TYPE OF Cockeysville HOMES
Single-Family 23.7
Townhomes 11.8
Small Apt. Buildings 1.6
Apt. Complexes 62.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cockeysville HOMES
No Bedroom 1.43
1 Bedroom 26.80
2 Bedrooms 34.49
3 Bedrooms 22.04
4 Bedrooms 11.92
5 or more bedrooms 3.33

Cockeysville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
75.10% 3.35% 7 9
* 10 is highest