Halethorpe, 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

Halethorpe, MD Housing Market Trends

With a population of 31,692, 1,520 total housing units (homes and apartments), and a median house value of $196,009, Halethorpe real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Halethorpe homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Halethorpe, accounting for 47.69% of the town's housing units. Other types of housing that are prevalent in Halethorpe include row houses and other attached homes ( 38.03%), large apartment complexes or high rise apartments ( 8.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Halethorpe. Owner-occupied housing accounts for 65.89% of Halethorpe's homes, and 64.92% 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. Halethorpe's housing was primarily built during this period, from the '40s through the '60s. A full 56.99% of the town's housing hails from this era. Other housing ages represented in Halethorpe include homes built between 1970-1999 ( 22.44%) and housing constructed before 1939 ( 17.12%). There's also some housing in Halethorpe built between 2000 and later ( 3.45%).

Halethorpe Home Appreciation Rates

Appreciation rates for homes in Halethorpe have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 34.27%, which ranks in the top 50% nationwide. This equates to an annual average Halethorpe house appreciation rate of 2.99%.

Over the last year, Halethorpe appreciation rates have trailed the rest of the nation. In the last twelve months, Halethorpe's appreciation rate has been 3.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Halethorpe were at 1.39%, which equates to an annual appreciation rate of 5.69%.

Notably, Halethorpe's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 
info

Median Home Value:
$196,009

Halethorpe, MD HOME PRICES

> $1,162,000
2.4%
2.4%
$872,001 - $1,162,000
0.5%
0.5%
$581,001 - $872,000
4.2%
4.2%
$465,001 - $581,000
2.3%
2.3%
$348,001 - $465,000
9.8%
9.8%
$232,001 - $348,000
15.6%
15.6%
$116,001 - $232,000
41.8%
41.8%
$58,001 - $116,000
15.4%
15.4%
$0 - $58,000
7.9%
7.9%
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:
1,520

Halethorpe 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
58.62% 2.22%
2
4
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$986 / per month

Homeownership Rate

Owners
65.9%
65.9%
Renters
34.1%
34.1%
Vacant
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
3.5%
3.5%
1970 - 1999
22.4%
22.4%
1940 - 1969
57.0%
57.0%
1939 or Older
17.1%
17.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
47.7%
47.7%
Townhomes
38.0%
38.0%
Small Apt. Buildings
5.4%
5.4%
Apt. Complexes
8.0%
8.0%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
6.1%
6.1%
2 Bedrooms
25.7%
25.7%
3 Bedrooms
52.4%
52.4%
4 Bedrooms
12.5%
12.5%
5 or more bedrooms
2.5%
2.5%
0.0% 100.0%
% OF HOMES