Pikesville, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pikesville Neighborhoods Since 2000




Pikesville, MD Real Estate Data


Pikesville Housing Market Information

With 31,601 people, 13,785 houses or apartments, and a median cost of homes of $343,156, real estate costs in Pikesville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Large apartment complexes or high rise apartments are the single most common housing type in Pikesville, accounting for 40.19% of the town's housing units. Other types of housing that are prevalent in Pikesville include single-family detached homes ( 38.62%), row houses and other attached homes ( 18.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.65%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Owner-occupied, three and four bedroom dwellings are the most prevalent type of housing you will see in Pikesville. Owner-occupied housing accounts for 65.05% of Pikesville's homes, and 49.95% 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 ( 33.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.13%). There's also some housing in Pikesville built before 1939 ( 6.21%).

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 -0.71%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pikesville's appreciation rate, at 4.60%, has been at or slightly above the national average. In the latest quarter, Pikesville's appreciation rate has been 1.10%, which annualizes to a rate of 4.48%.

Relative to Maryland, our data show that Pikesville's latest annual appreciation rate is higher 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 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:
$343,156

Pikesville, MD HOME PRICES

Value Range
> $1,131,000 2.9
$849,001 - $1,131,000 2.1
$566,001 - $849,000 10.4
$453,001 - $566,000 9.5
$339,001 - $453,000 19.9
$226,001 - $339,000 31.2
$113,001 - $226,000 18.9
$57,001 - $113,000 2.2
$0 - $57,000 2.8

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
13.0467880775312 38.0228136882129

Number Of Homes And Apartments:
13,785

Rent & Ownership

 

Average Market Rent:
$1,470 / per month

Homeownership Rate

Homeownership
Owners 65.05
Renters 34.95
Vacant 5.40

Housing Market Details

 

Age of Homes

AGE OF Pikesville HOMES
2000 or Newer 8.1
1970 - 1999 52.3
1940 - 1969 33.4
1939 or Older 6.2

Types of Homes

TYPE OF Pikesville HOMES
Single-Family 38.6
Townhomes 18.5
Small Apt. Buildings 2.6
Apt. Complexes 40.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pikesville HOMES
No Bedroom 1.43
1 Bedroom 13.99
2 Bedrooms 28.71
3 Bedrooms 31.22
4 Bedrooms 18.73
5 or more bedrooms 5.92

Pikesville 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
79.21% 3.49% 8 9
* 10 is highest