Halethorpe, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Halethorpe, 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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Halethorpe Housing Market Information

With 31,832 people, 1,481 houses or apartments, and a median cost of homes of $175,556, 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%).

Halethorpe Home Appreciation Rates

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 22.18% over the last ten years, which is an average annual home appreciation rate of 2.02%, 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 12.52%, which is higher than appreciation rates in 96.65% 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 3.13%, which equates to an annual appreciation rate of 13.10%.

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 90% 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.

Average Home Values

 

Median Home Value:
$175,556

Halethorpe, MD HOME PRICES

Value Range
> $1,218,231 0.7
$913,031 - $1,218,231 0.7
$608,659 - $913,030 1.7
$487,196 - $608,658 2.2
$365,030 - $487,195 8.7
$243,630 - $365,029 12.4
$121,401 - $243,629 41.5
$60,676 - $121,400 20.2
$0 - $60,675 11.9

Very Low for MD
Average for Nation

Value Relative to Nation Value Relative to State
43.0715328467153 82.7067669172932

Number Of Homes And Apartments:
1,481

Halethorpe Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
47.14% 2.14%
2
5
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$974 / per month

Homeownership Rate

Homeownership
Owners 63.43
Renters 36.57
Vacant 8.98

Housing Market Details

 

Age of Homes

AGE OF Halethorpe HOMES
2000 or Newer 1.9
1970 - 1999 23.8
1940 - 1969 56.2
1939 or Older 18.1

Types of Homes

TYPE OF Halethorpe HOMES
Single-Family 48.1
Townhomes 37.2
Small Apt. Buildings 5.9
Apt. Complexes 8.0
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Halethorpe HOMES
No Bedroom 0.47
1 Bedroom 5.56
2 Bedrooms 26.02
3 Bedrooms 53.06
4 Bedrooms 12.33
5 or more bedrooms 2.56