Ellicott City MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Ellicott City, 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Ellicott City Housing Market Information

With 70,925 people, 25,198 houses or apartments, and a median cost of homes of $544,832, Ellicott City house prices are not only among the most expensive in Maryland, Ellicott City real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Ellicott City, accounting for 57.99% of the town's housing units. Other types of housing that are prevalent in Ellicott City include large apartment complexes or high rise apartments ( 23.30%), row houses and other attached homes ( 16.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.84%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ellicott City. Owner-occupied housing accounts for 74.54% of Ellicott City's homes, and 61.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ellicott City 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 Ellicott City built between 2000 and later ( 24.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.21%). There's also some housing in Ellicott City built before 1939 ( 2.19%).

Ellicott City Home Appreciation Rates

Real estate appreciation rates in Ellicott City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.18% during the period.

Over the last year, Ellicott City appreciation rates have trailed the rest of the nation. In the last twelve months, Ellicott City's appreciation rate has been 2.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ellicott City were at 1.86%, which equates to an annual appreciation rate of 7.66%.

Relative to Maryland, our data show that Ellicott City's latest annual appreciation rate is lower than 60% 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 Ellicott City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ellicott City - 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 Ellicott City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$544,832

Ellicott City, MD HOME PRICES

Value Range
> $1,093,000 0.8
$820,001 - $1,093,000 6.7
$546,001 - $820,000 45.4
$437,001 - $546,000 21.8
$328,001 - $437,000 14.4
$219,001 - $328,000 6.9
$109,001 - $219,000 2.4
$55,001 - $109,000 0.3
$0 - $55,000 1.3

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
6.13722627737226 9.3984962406015

Number Of Homes And Apartments:
25,198

Ellicott City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
92.47% 3.37%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,303 / per month

Homeownership Rate

Homeownership
Owners 74.54
Renters 25.46
Vacant 3.97

Housing Market Details

 

Age of Homes

AGE OF Ellicott City HOMES
2000 or Newer 24.4
1970 - 1999 56.2
1940 - 1969 17.2
1939 or Older 2.2

Types of Homes

TYPE OF Ellicott City HOMES
Single-Family 58.0
Townhomes 16.5
Small Apt. Buildings 1.8
Apt. Complexes 23.3
Mobile Homes 0.3
Other 0.1

Home Size

SIZE OF Ellicott City HOMES
No Bedroom 1.42
1 Bedroom 7.60
2 Bedrooms 18.40
3 Bedrooms 26.12
4 Bedrooms 34.94
5 or more bedrooms 11.53