Catonsville, 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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Catonsville, MD Housing Market Trends

With a population of 42,698, 15,142 total housing units (homes and apartments), and a median house value of $363,196, Catonsville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Catonsville, accounting for 52.20% of the town's housing units. Other types of housing that are prevalent in Catonsville include large apartment complexes or high rise apartments ( 20.73%), row houses and other attached homes ( 20.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.49%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Catonsville. Owner-occupied housing accounts for 66.48% of Catonsville's homes, and 62.38% have either three or four bedrooms, which is average sized relative to America.

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. Catonsville's housing was primarily built during this period, from the '40s through the '60s. A full 40.07% of the town's housing hails from this era. Other housing ages represented in Catonsville include homes built between 1970-1999 ( 31.55%) and housing constructed before 1939 ( 22.65%). There's also some housing in Catonsville built between 2000 and later ( 5.73%).

Catonsville Home Appreciation Rates

Real estate appreciation rates in Catonsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.27% during the period.

Over the last year, Catonsville appreciation rates have trailed the rest of the nation. In the last twelve months, Catonsville's appreciation rate has been 4.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Catonsville were at 1.92%, which equates to an annual appreciation rate of 7.91%.

Relative to Maryland, our data show that Catonsville's latest annual appreciation rate is lower than 80% 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 Catonsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Catonsville - 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 Catonsville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$363,196

Catonsville, MD HOME PRICES

> $1,132,000
0.7%
0.7%
$849,001 - $1,132,000
0.9%
0.9%
$566,001 - $849,000
9.7%
9.7%
$453,001 - $566,000
13.4%
13.4%
$340,001 - $453,000
29.3%
29.3%
$227,001 - $340,000
33.9%
33.9%
$113,001 - $227,000
11.3%
11.3%
$57,001 - $113,000
0.5%
0.5%
$0 - $57,000
0.3%
0.3%
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:
15,142

Catonsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
118.10% 3.78%
9
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,972 / per month

Homeownership Rate

Owners
66.5%
66.5%
Renters
33.5%
33.5%
Vacant
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.7%
5.7%
1970 - 1999
31.6%
31.6%
1940 - 1969
40.1%
40.1%
1939 or Older
22.6%
22.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
52.2%
52.2%
Townhomes
20.5%
20.5%
Small Apt. Buildings
6.5%
6.5%
Apt. Complexes
20.7%
20.7%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
11.9%
11.9%
2 Bedrooms
18.0%
18.0%
3 Bedrooms
41.9%
41.9%
4 Bedrooms
20.5%
20.5%
5 or more bedrooms
6.2%
6.2%
0.0% 100.0%
% OF HOMES