Odenton, MD Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Odenton, MD Housing Market Trends

With 38,768 people, 16,705 houses or apartments, and a median cost of homes of $404,152, 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 35.37% of the town's housing units. Other types of housing that are prevalent in Odenton include row houses and other attached homes ( 32.17%), single-family detached homes ( 29.81%), and a few mobile homes or trailers ( 1.47%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Owner-occupied, three and four bedroom dwellings are the most prevalent type of housing you will see in Odenton. Owner-occupied housing accounts for 67.03% of Odenton's homes, and 56.56% 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 ( 43.03%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.88%). There's also some housing in Odenton built before 1939 ( 1.22%).

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 2.36%, which is lower than 70% of US communities.

Over the last year, Odenton appreciation rates have trailed the rest of the nation. In the last twelve months, Odenton's appreciation rate has been 5.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Odenton were at 1.60%, which equates to an annual appreciation rate of 6.57%.

Relative to Maryland, our data show that Odenton's latest annual appreciation rate is lower than 60% 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:
$404,152

Odenton, MD HOME PRICES

> $1,149,000
0.9%
0.9%
$861,001 - $1,149,000
1.4%
1.4%
$574,001 - $861,000
11.5%
11.5%
$460,001 - $574,000
14.1%
14.1%
$345,001 - $460,000
29.9%
29.9%
$230,001 - $345,000
31.2%
31.2%
$115,001 - $230,000
7.0%
7.0%
$58,001 - $115,000
0.1%
0.1%
$0 - $58,000
3.9%
3.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MD

Value Relative To Nation

Number Of Homes And Apartments:
16,705

Odenton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
111.89% 3.60%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,432 / per month

Homeownership Rate

Owners
67.0%
67.0%
Renters
33.0%
33.0%
Vacant
5.4%
5.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
43.0%
43.0%
1970 - 1999
46.9%
46.9%
1940 - 1969
8.9%
8.9%
1939 or Older
1.2%
1.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
29.8%
29.8%
Townhomes
32.2%
32.2%
Small Apt. Buildings
1.2%
1.2%
Apt. Complexes
35.4%
35.4%
Mobile Homes
1.5%
1.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
10.0%
10.0%
2 Bedrooms
26.4%
26.4%
3 Bedrooms
37.4%
37.4%
4 Bedrooms
19.2%
19.2%
5 or more bedrooms
6.0%
6.0%
0.0% 100.0%
% OF HOMES