Odenton, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Odenton Neighborhoods Since 2000




Odenton, 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

Odenton Housing Market Information

With a population of 38,768, 15,059 total housing units (homes and apartments), and a median house value of $330,229, real estate costs in Odenton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Large apartment complexes or high rise apartments are the single most common housing type in Odenton, accounting for 33.24% of the town's housing units. Other types of housing that are prevalent in Odenton include row houses and other attached homes ( 33.12%), single-family detached homes ( 31.34%), and a few mobile homes or trailers ( 1.71%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

Owner-occupied, three and four bedroom dwellings are the most prevalent type of housing you will see in Odenton. Owner-occupied housing accounts for 69.48% of Odenton's homes, and 57.92% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Odenton 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 Odenton built between 2000 and later ( 36.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.62%). There's also some housing in Odenton built before 1939 ( 1.96%).

Odenton Home Appreciation Rates

Odenton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Odenton during the period has been just -1.46%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Odenton's appreciation rate, at 3.75%, has been at or slightly above the national average. In the latest quarter, Odenton's appreciation rate has been -0.51%, which annualizes to a rate of -2.03%.

Relative to Maryland, our data show that Odenton'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 Odenton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Odenton - 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 Odenton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$330,229

Odenton, MD HOME PRICES

Value Range
> $1,107,000 0.4
$830,001 - $1,107,000 0.8
$553,001 - $830,000 8.8
$442,001 - $553,000 12.1
$332,001 - $442,000 27.5
$221,001 - $332,000 36.5
$110,001 - $221,000 9.5
$55,001 - $110,000 1.4
$0 - $55,000 3.0

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
13.6938942927458 38.1679389312977

Number Of Homes And Apartments:
15,059

Odenton 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
84.39% 3.61% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,229 / per month

Homeownership Rate

Homeownership
Owners 69.48
Renters 30.52
Vacant 5.65

Housing Market Details

 

Age of Homes

AGE OF Odenton HOMES
2000 or Newer 36.2
1970 - 1999 52.2
1940 - 1969 9.6
1939 or Older 2.0

Types of Homes

TYPE OF Odenton HOMES
Single-Family 31.3
Townhomes 33.1
Small Apt. Buildings 0.6
Apt. Complexes 33.2
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Odenton HOMES
No Bedroom 1.68
1 Bedroom 5.80
2 Bedrooms 30.20
3 Bedrooms 36.24
4 Bedrooms 21.67
5 or more bedrooms 4.41