Ellicott City, 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

Ellicott City, MD Housing Market Trends

With a population of 70,925, 25,860 total housing units (homes and apartments), and a median house value of $566,737, Ellicott City house prices are not only among the most expensive in Maryland, Ellicott City 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 Ellicott City, accounting for 55.80% of the town's housing units. Other types of housing that are prevalent in Ellicott City include large apartment complexes or high rise apartments ( 25.70%), row houses and other attached homes ( 16.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ellicott City. Owner-occupied housing accounts for 73.58% of Ellicott City's homes, and 59.19% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ellicott City 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 Ellicott City built between 2000 and later ( 27.08%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.83%). There's also some housing in Ellicott City built before 1939 ( 2.58%).

Ellicott City Home Appreciation Rates

Ellicott City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ellicott City during the period has been just 1.87%, which is lower than 70% of US communities.

Over the last year, Ellicott City appreciation rates have trailed the rest of the nation. In the last twelve months, Ellicott City'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 Ellicott City were at 1.92%, which equates to an annual appreciation rate of 7.91%.

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

Average Home Values

 

Median Home Value:
$566,737

Ellicott City, MD HOME PRICES

> $1,089,000
1.5%
1.5%
$816,001 - $1,089,000
8.2%
8.2%
$544,001 - $816,000
46.1%
46.1%
$435,001 - $544,000
22.1%
22.1%
$327,001 - $435,000
12.6%
12.6%
$218,001 - $327,000
6.1%
6.1%
$109,001 - $218,000
2.6%
2.6%
$55,001 - $109,000
0.1%
0.1%
$0 - $55,000
0.7%
0.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MD

Value Relative To Nation

Number Of Homes And Apartments:
25,860

Ellicott City 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
101.74% 3.40%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,259 / per month

Homeownership Rate

Owners
73.6%
73.6%
Renters
26.4%
26.4%
Vacant
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
27.1%
27.1%
1970 - 1999
52.5%
52.5%
1940 - 1969
17.8%
17.8%
1939 or Older
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.8%
55.8%
Townhomes
16.5%
16.5%
Small Apt. Buildings
1.8%
1.8%
Apt. Complexes
25.7%
25.7%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
8.7%
8.7%
2 Bedrooms
19.1%
19.1%
3 Bedrooms
24.9%
24.9%
4 Bedrooms
34.2%
34.2%
5 or more bedrooms
11.2%
11.2%
0.0% 100.0%
% OF HOMES