Walkersville, MD Real Estate Market

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Walkersville, MD Housing Market Trends

With a population of 6,156, 2,468 total housing units (homes and apartments), and a median house value of $413,928, Walkersville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Walkersville, accounting for 72.93% of the town's housing units. Other types of housing that are prevalent in Walkersville include row houses and other attached homes ( 17.06%), large apartment complexes or high rise apartments ( 8.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.42%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Walkersville. Owner-occupied housing accounts for 84.09% of Walkersville's homes, and 82.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Walkersville 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 Walkersville built between 2000 and later ( 18.48%). A lesser amount of the housing stock also hails from before 1939 ( 11.63%). There's also some housing in Walkersville built between 1940-1969 ( 10.09%).

Walkersville Home Appreciation Rates

Real estate appreciation rates in Walkersville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.62% during the period.

Over the last year, Walkersville appreciation rates have trailed the rest of the nation. In the last twelve months, Walkersville's appreciation rate has been 11.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Walkersville were at 1.30%, which equates to an annual appreciation rate of 5.30%.

Relative to Maryland, our data show that Walkersville's latest annual appreciation rate is lower than 50% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$413,928

Walkersville, MD HOME PRICES

> $1,265,000
$949,001 - $1,265,000
$633,001 - $949,000
$506,001 - $633,000
$380,001 - $506,000
$253,001 - $380,000
$126,001 - $253,000
$63,001 - $126,000
$0 - $63,000
0.0%
0.0%
0.4%
0.4%
5.0%
5.0%
17.6%
17.6%
32.5%
32.5%
31.6%
31.6%
9.9%
9.9%
1.4%
1.4%
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for MD

Value Relative To Nation

Number Of Homes And Apartments:
2,468

Walkersville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
116.65% 3.54%
6
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,916 / per month

Homeownership Rate

Owners
Renters
Vacant
84.1%
84.1%
15.9%
15.9%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.5%
18.5%
59.8%
59.8%
10.1%
10.1%
11.6%
11.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.9%
72.9%
17.1%
17.1%
1.4%
1.4%
8.6%
8.6%
0.0%
0.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
1.2%
1.2%
9.0%
9.0%
41.9%
41.9%
40.1%
40.1%
7.7%
7.7%
0.0% 100.0%
% OF HOMES