Parkton, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Parkton, MD Real Estate Data


Parkton Housing Market Information

With a population of 9,048, 1,709 total housing units (homes and apartments), and a median house value of $433,975, Parkton house prices are not only among the most expensive in Maryland, Parkton real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Parkton, accounting for 96.01% of the town's housing units. Other types of housing that are prevalent in Parkton include row houses and other attached homes ( 2.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Parkton. Owner-occupied housing accounts for 88.87% of Parkton's homes, and 74.85% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Parkton 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 Parkton built between 1940-1969 ( 18.29%). A lesser amount of the housing stock also hails from before 1939 ( 17.04%). There's also some housing in Parkton built between 2000 and later ( 13.75%).

Parkton Home Appreciation Rates

Parkton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Parkton during the period has been just -1.58%, which is lower than 80% of US communities.

Over the last year, Parkton appreciation rates have trailed the rest of the nation. In the last twelve months, Parkton's appreciation rate has been 3.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Parkton were at 1.10%, which equates to an annual appreciation rate of 4.48%.

Relative to Maryland, our data show that Parkton's latest annual appreciation rate is lower than 80% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$433,975

Parkton, MD HOME PRICES

Value Range
> $1,080,000 3.8
$810,001 - $1,080,000 3.4
$540,001 - $810,000 23.4
$432,001 - $540,000 19.1
$324,001 - $432,000 27.4
$216,001 - $324,000 16.0
$108,001 - $216,000 5.7
$54,001 - $108,000 0.0
$0 - $54,000 1.2

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
8.18059378110909 18.6311787072243

Number Of Homes And Apartments:
1,709

Rent & Ownership

 

Average Market Rent:
$1,259 / per month

Homeownership Rate

Homeownership
Owners 88.87
Renters 11.13
Vacant 3.42

Housing Market Details

 

Age of Homes

AGE OF Parkton HOMES
2000 or Newer 13.8
1970 - 1999 50.9
1940 - 1969 18.3
1939 or Older 17.0

Types of Homes

TYPE OF Parkton HOMES
Single-Family 96.0
Townhomes 2.9
Small Apt. Buildings 0.3
Apt. Complexes 0.3
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Parkton HOMES
No Bedroom 0.86
1 Bedroom 1.52
2 Bedrooms 11.55
3 Bedrooms 37.22
4 Bedrooms 37.63
5 or more bedrooms 11.21

Parkton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
57.31% 2.70% 4 7
* 10 is highest