Dundalk, 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

Dundalk, MD Housing Market Trends

With 65,327 people, 23,296 houses or apartments, and a median cost of homes of $170,660, Dundalk real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Dundalk homes are still considered rather expensive.

Row houses and other attached homes are the single most common housing type in Dundalk, accounting for 49.05% of the town's housing units. Other types of housing that are prevalent in Dundalk include single-family detached homes ( 33.89%), large apartment complexes or high rise apartments ( 10.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.13%). 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.

The most prevalent building size and type in Dundalk are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 63.46% owning and 36.54% renting.

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. Dundalk's housing was primarily built during this period, from the '40s through the '60s. A full 72.93% of the town's housing hails from this era. Other housing ages represented in Dundalk include homes built before 1939 ( 11.38%) and housing constructed between 1970-1999 ( 11.15%). There's also some housing in Dundalk built between 2000 and later ( 4.54%).

Vacant housing appears to be an issue in Dundalk. Fully 10.03% of the housing stock is classified as vacant. Left unchecked, vacant Dundalk homes and apartments can be a drag on the real estate market, holding Dundalk real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Dundalk Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Dundalk, where house values have increased just 9.04%, which is annualized rate of 0.87%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Dundalk appreciation rates have trailed the rest of the nation. In the last twelve months, Dundalk's appreciation rate has been 4.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dundalk were at 1.92%, which equates to an annual appreciation rate of 7.90%.

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

Average Home Values

 

Median Home Value:
$170,660

Dundalk, MD HOME PRICES

> $1,154,000
0.3%
0.3%
$865,001 - $1,154,000
0.4%
0.4%
$577,001 - $865,000
0.2%
0.2%
$462,001 - $577,000
1.8%
1.8%
$346,001 - $462,000
5.9%
5.9%
$230,001 - $346,000
13.5%
13.5%
$115,001 - $230,000
58.4%
58.4%
$58,001 - $115,000
15.9%
15.9%
$0 - $58,000
3.6%
3.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very Low for MD

Value Relative To Nation

Number Of Homes And Apartments:
23,296

Dundalk 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
63.29% 2.36%
2
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,630 / per month

Homeownership Rate

Owners
63.5%
63.5%
Renters
36.5%
36.5%
Vacant
10.0%
10.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.5%
4.5%
1970 - 1999
11.2%
11.2%
1940 - 1969
72.9%
72.9%
1939 or Older
11.4%
11.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
33.9%
33.9%
Townhomes
49.1%
49.1%
Small Apt. Buildings
5.1%
5.1%
Apt. Complexes
10.5%
10.5%
Mobile Homes
1.5%
1.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
9.2%
9.2%
2 Bedrooms
29.5%
29.5%
3 Bedrooms
48.4%
48.4%
4 Bedrooms
9.8%
9.8%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES