Sykesville, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sykesville Neighborhoods Since 2000




Sykesville, 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

Sykesville Housing Market Information

With 4,412 people, 1,699 houses or apartments, and a median cost of homes of $422,825, Sykesville house prices are not only among the most expensive in Maryland, Sykesville real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Sykesville, accounting for 67.82% of the town's housing units. Other types of housing that are prevalent in Sykesville include large apartment complexes or high rise apartments ( 22.08%), row houses and other attached homes ( 7.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sykesville. Owner-occupied housing accounts for 67.74% of Sykesville's homes, and 64.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sykesville 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 Sykesville built between 1940-1969 ( 14.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.42%). There's also some housing in Sykesville built before 1939 ( 8.15%).

Sykesville Home Appreciation Rates

Sykesville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sykesville during the period has been just -1.06%, which is lower than 70% of US communities.

Over the last year, Sykesville appreciation rates have trailed the rest of the nation. In the last twelve months, Sykesville's appreciation rate has been 2.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sykesville were at -0.51%, which equates to an annual appreciation rate of -2.03%.

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

Average Home Values

 

Median Home Value:
$422,825

Sykesville, MD HOME PRICES

Value Range
> $1,084,000 0.1
$813,001 - $1,084,000 0.0
$542,001 - $813,000 9.9
$434,001 - $542,000 32.1
$325,001 - $434,000 29.6
$217,001 - $325,000 22.4
$108,001 - $217,000 5.4
$54,001 - $108,000 0.0
$0 - $54,000 0.4

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
8.42025079104653 18.3206106870229

Number Of Homes And Apartments:
1,699

Sykesville 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
79.94% 3.46% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,442 / per month

Homeownership Rate

Homeownership
Owners 67.74
Renters 32.26
Vacant 8.26

Housing Market Details

 

Age of Homes

AGE OF Sykesville HOMES
2000 or Newer 8.4
1970 - 1999 68.8
1940 - 1969 14.6
1939 or Older 8.2

Types of Homes

TYPE OF Sykesville HOMES
Single-Family 67.8
Townhomes 7.3
Small Apt. Buildings 2.8
Apt. Complexes 22.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Sykesville HOMES
No Bedroom 0.00
1 Bedroom 18.41
2 Bedrooms 10.48
3 Bedrooms 33.86
4 Bedrooms 30.40
5 or more bedrooms 6.86