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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 29,641 people, 10,483 houses or apartments, and a median cost of homes of $577,208, Crofton house prices are not only among the most expensive in Maryland, Crofton real estate also is some of the most expensive in all of America.
Row houses and other attached homes are the single most common housing type in Crofton, accounting for 46.93% of the town's housing units. Other types of housing that are prevalent in Crofton include single-family detached homes ( 43.69%), large apartment complexes or high rise apartments ( 8.53%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
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 78.75% of Crofton's homes, and 67.14% 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 ( 14.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.47%).
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 44.75%, which is annualized rate of 3.77%. 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 3.96%, has been at or slightly above the national average. In the latest quarter, Crofton's appreciation rate has been 2.62%, which annualizes to a rate of 10.91%.
Relative to Maryland, our data show that Crofton's latest annual appreciation rate is higher 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 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.
$3,146 / per month