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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.



Crofton, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Crofton, MD Housing Market Trends

With 29,641 people, 10,467 houses or apartments, and a median cost of homes of $596,853, 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.

Single-family detached homes are the single most common housing type in Crofton, accounting for 45.72% of the town's housing units. Other types of housing that are prevalent in Crofton include row houses and other attached homes ( 45.34%), large apartment complexes or high rise apartments ( 8.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Crofton. Owner-occupied housing accounts for 80.60% of Crofton's homes, and 66.59% 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 2000 and later ( 16.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.90%).

Crofton Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Crofton, where house values have increased just 47.12%, which is annualized rate of 3.94%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Crofton's appreciation rate, at 6.55%, has been at or slightly above the national average. In the latest quarter, Crofton's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Maryland, our data show that Crofton'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 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

$596,853

Crofton, MD Home Prices
> $1,253,000
$940,001 - $1,253,000
$627,001 - $940,000
$501,001 - $627,000
$376,001 - $501,000
$250,001 - $376,000
$126,001 - $250,000
$63,001 - $126,000
$0 - $63,000
2.0%
2.0%
9.4%
9.4%
37.4%
37.4%
14.3%
14.3%
23.0%
23.0%
11.1%
11.1%
1.1%
1.1%
0.4%
0.4%
1.2%
1.2%
0% 100.0%
% of Homes
High

for Maryland

Very High

for nation

Number of Homes And Apartments:

10,467

Crofton Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,585 / per month

Homeownership Rate

Owners
Renters
80.6%
80.6%
19.4%
19.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.4%
3.4%
96.6%
96.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.3%
16.3%
70.7%
70.7%
12.9%
12.9%
0.1%
0.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
45.7%
45.7%
45.3%
45.3%
0.7%
0.7%
8.3%
8.3%
0.0%
0.0%
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
0.6%
0.6%
2.8%
2.8%
19.0%
19.0%
34.4%
34.4%
32.2%
32.2%
11.0%
11.0%
0% 100.0%
% of Homes