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 Q2 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 a population of 31,832, 1,481 total housing units (homes and apartments), and a median house value of $172,464, 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

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 19.82%, which ranks in the top 30% nationwide. This equates to an annual average Halethorpe house appreciation rate of 1.82%.

NeighborhoodScout's data show that during the latest twelve months, Halethorpe's appreciation rate, at 5.36%, has been at or slightly above the national average. In the latest quarter, Halethorpe's appreciation rate has been -1.17%, which annualizes to a rate of -4.58%.

Notably, Halethorpe's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Maryland, our data show that Halethorpe's latest annual appreciation rate is higher than 70% 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:
$172,464

Halethorpe, MD HOME PRICES

Value Range
> $1,196,000 0.7
$897,001 - $1,196,000 0.7
$598,001 - $897,000 1.7
$478,001 - $598,000 2.2
$359,001 - $478,000 8.7
$239,001 - $359,000 12.4
$119,001 - $239,000 41.5
$60,001 - $119,000 20.2
$0 - $60,000 11.9

Very Low for MD
Average for Nation

Value Relative to Nation Value Relative to State
45.1182481751825 84.2105263157895

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:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
44.56% 2.01%
2
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,000 / 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