Crofton, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Crofton Neighborhoods Since 2000




Crofton, 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

Crofton Housing Market Information

With 28,553 people, 10,373 houses or apartments, and a median cost of homes of $408,353, real estate costs in Crofton 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.

Row houses and other attached homes are the single most common housing type in Crofton, accounting for 45.11% of the town's housing units. Other types of housing that are prevalent in Crofton include single-family detached homes ( 43.19%), large apartment complexes or high rise apartments ( 10.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.58%). 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.

Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Crofton. Owner-occupied housing accounts for 78.03% of Crofton's homes, and 70.06% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Crofton 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 Crofton built between 1940-1969 ( 13.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.11%).

Crofton Home Appreciation Rates

Crofton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Crofton during the period has been just -1.39%, which is lower than 80% of US communities.

Over the last year, Crofton appreciation rates have trailed the rest of the nation. In the last twelve months, Crofton's appreciation rate has been 1.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crofton were at -0.51%, which equates to an annual appreciation rate of -2.03%.

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

Average Home Values

 

Median Home Value:
$408,353

Crofton, MD HOME PRICES

Value Range
> $1,041,000 1.7
$780,001 - $1,041,000 0.9
$521,001 - $780,000 22.0
$416,001 - $521,000 17.9
$312,001 - $416,000 21.9
$208,001 - $312,000 25.3
$104,001 - $208,000 8.4
$52,001 - $104,000 0.2
$0 - $52,000 1.7

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
9.09996484237666 21.3740458015267

Number Of Homes And Apartments:
10,373

Crofton 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
84.14% 3.60% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,192 / per month

Homeownership Rate

Homeownership
Owners 78.03
Renters 21.97
Vacant 2.73

Housing Market Details

 

Age of Homes

AGE OF Crofton HOMES
2000 or Newer 10.1
1970 - 1999 75.6
1940 - 1969 14.0
1939 or Older 0.4

Types of Homes

TYPE OF Crofton HOMES
Single-Family 43.2
Townhomes 45.1
Small Apt. Buildings 1.6
Apt. Complexes 10.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Crofton HOMES
No Bedroom 0.00
1 Bedroom 3.24
2 Bedrooms 19.26
3 Bedrooms 37.17
4 Bedrooms 32.89
5 or more bedrooms 7.45