Glen Burnie, 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

Glen Burnie, MD Housing Market Trends

With a population of 70,619, 27,035 total housing units (homes and apartments), and a median house value of $283,291, Glen Burnie real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Glen Burnie, accounting for 51.00% of the town's housing units. Other types of housing that are prevalent in Glen Burnie include large apartment complexes or high rise apartments ( 31.44%), row houses and other attached homes ( 15.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.09%).

The most prevalent building size and type in Glen Burnie are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.63% owning and 39.37% renting.

There is a lot of housing in Glen Burnie 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 Glen Burnie built between 1940-1969 ( 37.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.24%). There's also some housing in Glen Burnie built before 1939 ( 2.18%).

Glen Burnie Home Appreciation Rates

Glen Burnie's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glen Burnie during the period has been just 1.84%, which is lower than 70% of US communities.

Over the last year, Glen Burnie appreciation rates have trailed the rest of the nation. In the last twelve months, Glen Burnie'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 Glen Burnie were at 1.91%, which equates to an annual appreciation rate of 7.88%.

Relative to Maryland, our data show that Glen Burnie's latest annual appreciation rate is lower than 90% 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 Glen Burnie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glen Burnie - 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 Glen Burnie real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$283,291

Glen Burnie, MD HOME PRICES

> $1,140,000
0.3%
0.3%
$855,001 - $1,140,000
0.1%
0.1%
$570,001 - $855,000
1.9%
1.9%
$456,001 - $570,000
4.3%
4.3%
$342,001 - $456,000
20.2%
20.2%
$228,001 - $342,000
48.7%
48.7%
$114,001 - $228,000
21.7%
21.7%
$57,001 - $114,000
0.6%
0.6%
$0 - $57,000
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for MD

Value Relative To Nation

Number Of Homes And Apartments:
27,035

Glen Burnie 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
100.31% 3.36%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,841 / per month

Homeownership Rate

Owners
60.6%
60.6%
Renters
39.4%
39.4%
Vacant
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.2%
9.2%
1970 - 1999
50.7%
50.7%
1940 - 1969
37.9%
37.9%
1939 or Older
2.2%
2.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.0%
51.0%
Townhomes
15.0%
15.0%
Small Apt. Buildings
2.1%
2.1%
Apt. Complexes
31.4%
31.4%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
14.6%
14.6%
2 Bedrooms
25.8%
25.8%
3 Bedrooms
37.1%
37.1%
4 Bedrooms
17.2%
17.2%
5 or more bedrooms
4.0%
4.0%
0.0% 100.0%
% OF HOMES