Parkton, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Parkton Neighborhoods Since 2000




Parkton, 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

Parkton Housing Market Information

With a population of 9,048, 1,683 total housing units (homes and apartments), and a median house value of $447,881, 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.

Parkton is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Parkton than is found in 98% of the communities in America.

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 88.15% of Parkton's homes, and 72.89% 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 ( 17.64%). A lesser amount of the housing stock also hails from before 1939 ( 16.11%). There's also some housing in Parkton built between 2000 and later ( 15.39%).

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 -1.31%, which is lower than 70% 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 2.53%, 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 -0.51%, which equates to an annual appreciation rate of -2.03%.

Relative to Maryland, our data show that Parkton's latest annual appreciation rate is higher than 50% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$447,881

Parkton, MD HOME PRICES

Value Range
> $1,086,000 4.5
$814,001 - $1,086,000 4.9
$542,001 - $814,000 21.9
$434,001 - $542,000 23.2
$326,001 - $434,000 23.7
$217,001 - $326,000 14.9
$108,001 - $217,000 5.4
$54,001 - $108,000 0.4
$0 - $54,000 1.0

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
7.49443337630376 15.6488549618321

Number Of Homes And Apartments:
1,683

Parkton 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
55.61% 2.60% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,643 / per month

Homeownership Rate

Homeownership
Owners 88.15
Renters 11.85
Vacant 3.82

Housing Market Details

 

Age of Homes

AGE OF Parkton HOMES
2000 or Newer 15.4
1970 - 1999 50.9
1940 - 1969 17.6
1939 or Older 16.1

Types of Homes

TYPE OF Parkton HOMES
Single-Family 96.9
Townhomes 1.6
Small Apt. Buildings 0.4
Apt. Complexes 0.3
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Parkton HOMES
No Bedroom 0.40
1 Bedroom 2.22
2 Bedrooms 12.11
3 Bedrooms 34.72
4 Bedrooms 38.17
5 or more bedrooms 12.39