Parkville, MD


Highest Appreciating Parkville Neighborhoods Since 2000

Parkville, MD Real Estate Data

Parkville Housing Market Information

With 31,570 people, 12,625 houses or apartments, and a median cost of homes of $208,228, 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 42.51% of the town's housing units. Other types of housing that are prevalent in Parkville include row houses and other attached homes ( 31.92%), large apartment complexes or high rise apartments ( 19.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.68%).

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 62.47% owning and 37.53% 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 68.99% of the town's housing hails from this era. Other housing ages represented in Parkville include homes built between 1970-1999 ( 18.79%) and housing constructed before 1939 ( 10.48%). There's also some housing in Parkville built between 2000 and later ( 1.74%).

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 -1.06%, which is lower than 70% 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 4.22%, 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 1.10%, which equates to an annual appreciation rate of 4.48%.

Relative to Maryland, our data show that Parkville's latest annual appreciation rate is lower than 50% 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:


Value Range
> $1,085,000 0.7
$813,001 - $1,085,000 0.4
$543,001 - $813,000 0.7
$434,001 - $543,000 1.9
$326,001 - $434,000 3.6
$217,001 - $326,000 35.4
$109,001 - $217,000 50.8
$54,001 - $109,000 3.5
$0 - $54,000 3.1

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
31.1530128242666 78.3269961977186

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,211 / per month

Homeownership Rate

Owners 62.47
Renters 37.53
Vacant 5.97

Housing Market Details


Age of Homes

AGE OF Parkville HOMES
2000 or Newer 1.7
1970 - 1999 18.8
1940 - 1969 69.0
1939 or Older 10.5

Types of Homes

Single-Family 42.5
Townhomes 31.9
Small Apt. Buildings 5.7
Apt. Complexes 19.9
Mobile Homes 0.0
Other 0.0

Home Size

No Bedroom 1.06
1 Bedroom 9.77
2 Bedrooms 29.51
3 Bedrooms 46.64
4 Bedrooms 11.40
5 or more bedrooms 1.62

Parkville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
71.54% 3.23% 7 9
* 10 is highest