Pikesville, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pikesville, 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

Pikesville Housing Market Information

With a population of 31,601, 13,632 total housing units (homes and apartments), and a median house value of $308,890, Pikesville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Pikesville, accounting for 39.82% of the town's housing units. Other types of housing that are prevalent in Pikesville include large apartment complexes or high rise apartments ( 39.64%), row houses and other attached homes ( 17.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.85%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pikesville. Owner-occupied housing accounts for 66.34% of Pikesville's homes, and 49.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pikesville 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 Pikesville built between 1940-1969 ( 32.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.35%). There's also some housing in Pikesville built before 1939 ( 5.91%).

Pikesville Home Appreciation Rates

Pikesville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pikesville during the period has been just -0.88%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pikesville's appreciation rate, at 3.27%, has been at or slightly above the national average. In the latest quarter, Pikesville's appreciation rate has been -0.51%, which annualizes to a rate of -2.03%.

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

Average Home Values

 

Median Home Value:
$308,890

Pikesville, MD HOME PRICES

Value Range
> $1,114,000 2.9
$836,001 - $1,114,000 2.3
$557,001 - $836,000 10.8
$445,001 - $557,000 9.1
$334,001 - $445,000 18.8
$223,001 - $334,000 31.7
$112,001 - $223,000 18.5
$56,001 - $112,000 3.2
$0 - $56,000 2.6

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
15.5513887261221 47.3282442748092

Number Of Homes And Apartments:
13,632

Pikesville 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
76.19% 3.34% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,724 / per month

Homeownership Rate

Homeownership
Owners 66.34
Renters 33.66
Vacant 5.67

Housing Market Details

 

Age of Homes

AGE OF Pikesville HOMES
2000 or Newer 9.3
1970 - 1999 52.4
1940 - 1969 32.4
1939 or Older 5.9

Types of Homes

TYPE OF Pikesville HOMES
Single-Family 39.8
Townhomes 17.6
Small Apt. Buildings 2.9
Apt. Complexes 39.6
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Pikesville HOMES
No Bedroom 1.65
1 Bedroom 13.51
2 Bedrooms 29.11
3 Bedrooms 29.88
4 Bedrooms 19.47
5 or more bedrooms 6.37