Lutherville Timonium, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lutherville Timonium Neighborhoods Since 2000




Lutherville Timonium, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Lutherville Timonium Housing Market Information

With 34,958 people, 1,767 houses or apartments, and a median cost of homes of $148,978, Lutherville Timonium real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Lutherville Timonium homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Lutherville Timonium, accounting for 65.43% of the town's housing units. Other types of housing that are prevalent in Lutherville Timonium include large apartment complexes or high rise apartments ( 19.22%), row houses and other attached homes ( 14.69%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lutherville Timonium. Owner-occupied housing accounts for 86.86% of Lutherville Timonium's homes, and 65.32% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lutherville Timonium 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 Lutherville Timonium built between 1940-1969 ( 42.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.93%). There's also some housing in Lutherville Timonium built before 1939 ( 4.71%).

Lutherville Timonium Home Appreciation Rates

Appreciation rates for homes in Lutherville Timonium have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.10%, which ranks in the top 50% nationwide. This equates to an annual average Lutherville Timonium house appreciation rate of 0.11%.

NeighborhoodScout's data show that during the latest twelve months, Lutherville Timonium's appreciation rate, at 5.22%, has been at or slightly above the national average. In the latest quarter, Lutherville Timonium's appreciation rate has been 4.06%, which annualizes to a rate of 17.27%.

Importantly, NeighborhoodScout’s exclusive research found that Lutherville Timonium'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 Lutherville Timonium'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 Lutherville Timonium differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lutherville Timonium - 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 Lutherville Timonium real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$148,978

Lutherville Timonium, MD HOME PRICES

Value Range
> $1,041,000 0.1
$781,001 - $1,041,000 0.3
$521,001 - $781,000 0.7
$416,001 - $521,000 1.6
$312,001 - $416,000 4.4
$208,001 - $312,000 15.9
$104,001 - $208,000 47.4
$52,001 - $104,000 20.7
$0 - $52,000 8.9

Very Low for MD
Average for Nation

Value Relative to Nation Value Relative to State
50.4541193015352 89.6946564885496

Number Of Homes And Apartments:
1,767

Lutherville Timonium Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
35.75% 1.79% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,025 / per month

Homeownership Rate

Homeownership
Owners 86.86
Renters 13.14
Vacant 4.68

Housing Market Details

 

Age of Homes

AGE OF Lutherville Timonium HOMES
2000 or Newer 7.9
1970 - 1999 44.6
1940 - 1969 42.7
1939 or Older 4.7

Types of Homes

TYPE OF Lutherville Timonium HOMES
Single-Family 65.4
Townhomes 14.7
Small Apt. Buildings 0.7
Apt. Complexes 19.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lutherville Timonium HOMES
No Bedroom 0.78
1 Bedroom 4.44
2 Bedrooms 19.48
3 Bedrooms 38.34
4 Bedrooms 26.98
5 or more bedrooms 9.99