Parkville, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Parkville Neighborhoods Since 2000




Parkville, 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

Parkville Housing Market Information

With a population of 31,570, 12,666 total housing units (homes and apartments), and a median house value of $209,460, Parkville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Parkville, accounting for 43.48% of the town's housing units. Other types of housing that are prevalent in Parkville include row houses and other attached homes ( 30.69%), large apartment complexes or high rise apartments ( 19.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.97%).

The most prevalent building size and type in Parkville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.48% owning and 37.52% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Parkville's housing was primarily built during this period, from the '40s through the '60s. A full 69.23% of the town's housing hails from this era. Other housing ages represented in Parkville include homes built between 1970-1999 ( 18.18%) and housing constructed before 1939 ( 10.97%). There's also some housing in Parkville built between 2000 and later ( 1.62%).

Parkville Home Appreciation Rates

Parkville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Parkville during the period has been just -1.53%, which is lower than 80% of US communities.

Over the last year, Parkville appreciation rates have trailed the rest of the nation. In the last twelve months, Parkville's appreciation rate has been 1.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Parkville were at -0.51%, which equates to an annual appreciation rate of -2.03%.

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

Average Home Values

 

Median Home Value:
$209,460

Parkville, MD HOME PRICES

Value Range
> $1,064,000 0.7
$798,001 - $1,064,000 0.4
$532,001 - $798,000 0.6
$426,001 - $532,000 1.5
$319,001 - $426,000 2.7
$213,001 - $319,000 35.3
$107,001 - $213,000 54.0
$53,001 - $107,000 2.5
$0 - $53,000 2.4

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
30.0128911285597 76.3358778625954

Number Of Homes And Apartments:
12,666

Parkville 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
67.08% 3.02% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,436 / per month

Homeownership Rate

Homeownership
Owners 62.48
Renters 37.52
Vacant 5.20

Housing Market Details

 

Age of Homes

AGE OF Parkville HOMES
2000 or Newer 1.6
1970 - 1999 18.2
1940 - 1969 69.2
1939 or Older 11.0

Types of Homes

TYPE OF Parkville HOMES
Single-Family 43.5
Townhomes 30.7
Small Apt. Buildings 6.0
Apt. Complexes 19.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Parkville HOMES
No Bedroom 0.32
1 Bedroom 10.14
2 Bedrooms 28.70
3 Bedrooms 48.27
4 Bedrooms 10.94
5 or more bedrooms 1.62