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 31,735 people, 1,493 houses or apartments, and a median cost of homes of $172,509, 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 46.74% of the town's housing units. Other types of housing that are prevalent in Halethorpe include row houses and other attached homes ( 37.93%), large apartment complexes or high rise apartments ( 8.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.51%).
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 63.26% owning and 36.74% 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 56.88% of the town's housing hails from this era. Other housing ages represented in Halethorpe include homes built between 1970-1999 ( 24.88%) and housing constructed before 1939 ( 16.19%). There's also some housing in Halethorpe built between 2000 and later ( 2.05%).
Appreciation rates for homes in Halethorpe have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 26.00%, which ranks in the top 40% nationwide. This equates to an annual average Halethorpe house appreciation rate of 2.34%.
Over the last year, Halethorpe appreciation rates have trailed the rest of the nation. In the last twelve months, Halethorpe's appreciation rate has been 0.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Halethorpe were at 4.40%, which equates to an annual appreciation rate of 18.78%.
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 lower 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.
|$891,001 - $1,188,000||0.4|
|$594,001 - $891,000||2.0|
|$475,001 - $594,000||2.6|
|$357,001 - $475,000||9.2|
|$237,001 - $357,000||12.0|
|$119,001 - $237,000||40.9|
|$59,001 - $119,000||18.4|
|$0 - $59,000||12.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Halethorpe HOMES|
|2000 or Newer||2.1|
|1970 - 1999||24.9|
|1940 - 1969||56.9|
|1939 or Older||16.2|
|TYPE OF Halethorpe HOMES|
|Small Apt. Buildings||5.5|
|SIZE OF Halethorpe HOMES|
|5 or more bedrooms||2.49|