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
With a population of 31,832, 1,481 total housing units (homes and apartments), and a median house value of $170,678, Halethorpe real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Halethorpe homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Halethorpe, accounting for 48.14% of the town's housing units. Other types of housing that are prevalent in Halethorpe include row houses and other attached homes ( 37.19%), large apartment complexes or high rise apartments ( 7.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.90%).
The most prevalent building size and type in Halethorpe are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.43% owning and 36.57% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Halethorpe's housing was primarily built during this period, from the '40s through the '60s. A full 56.21% of the town's housing hails from this era. Other housing ages represented in Halethorpe include homes built between 1970-1999 ( 23.83%) and housing constructed before 1939 ( 18.06%). There's also some housing in Halethorpe built between 2000 and later ( 1.90%).
In the last 10 years, Halethorpe has experienced some of the highest home appreciation rates of any community in the nation. Halethorpe real estate appreciated 20.19% over the last ten years, which is an average annual home appreciation rate of 1.86%, putting Halethorpe in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Halethorpe definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Halethorpe that despite a nationwide downturn in the housing market, Halethorpe real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Halethorpe appreciation rates continue to be some of the highest in America, at 7.59%, which is higher than appreciation rates in 78.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Halethorpe. Halethorpe appreciation rates in the latest quarter were at 3.44%, which equates to an annual appreciation rate of 14.49%.
Importantly, NeighborhoodScout’s exclusive research found that Halethorpe's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Maryland, our data show that Halethorpe's latest annual appreciation rate is higher 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 Halethorpe differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Halethorpe - 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 Halethorpe real estate investment or home purchase decisions.
|$888,001 - $1,184,000||0.7|
|$592,001 - $888,000||1.7|
|$473,001 - $592,000||2.2|
|$355,001 - $473,000||8.7|
|$237,001 - $355,000||12.4|
|$118,001 - $237,000||41.5|
|$59,001 - $118,000||20.2|
|$0 - $59,000||11.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
2000 Q1 - 2017 Q4
|* 10 is highest|
|AGE OF Halethorpe HOMES|
|2000 or Newer||1.9|
|1970 - 1999||23.8|
|1940 - 1969||56.2|
|1939 or Older||18.1|
|TYPE OF Halethorpe HOMES|
|Small Apt. Buildings||5.9|
|SIZE OF Halethorpe HOMES|
|5 or more bedrooms||2.56|