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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Sykesville, 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Sykesville, MD Housing Market Trends

With a population of 4,371, 1,409 total housing units (homes and apartments), and a median house value of $624,283, real estate costs in Sykesville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Sykesville, accounting for 45.28% of the town's housing units. Other types of housing that are prevalent in Sykesville include row houses and other attached homes ( 25.74%), large apartment complexes or high rise apartments ( 22.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.89%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sykesville. Owner-occupied housing accounts for 65.83% of Sykesville's homes, and 60.22% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sykesville 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 Sykesville built between 2000 and later ( 10.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.38%). There's also some housing in Sykesville built before 1939 ( 5.89%).

Sykesville Home Appreciation Rates

Sykesville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sykesville during the period has been just 4.85%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Sykesville's appreciation rate, at 6.55%, has been at or slightly above the national average. In the latest quarter, Sykesville's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

Median Home Value

$624,283

Sykesville, MD Home Prices
> $1,287,000
$965,001 - $1,287,000
$643,001 - $965,000
$515,001 - $643,000
$386,001 - $515,000
$257,001 - $386,000
$129,001 - $257,000
$65,001 - $129,000
$0 - $65,000
0.0%
0.0%
2.9%
2.9%
40.7%
40.7%
8.5%
8.5%
18.5%
18.5%
22.8%
22.8%
3.0%
3.0%
1.7%
1.7%
1.8%
1.8%
0% 100.0%
% of Homes
High

for Maryland

Very High

for nation

Number of Homes And Apartments:

1,409

Sykesville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,946 / per month

Homeownership Rate

Owners
Renters
65.8%
65.8%
34.2%
34.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.9%
8.9%
91.1%
91.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.7%
10.7%
74.1%
74.1%
9.4%
9.4%
5.9%
5.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
45.3%
45.3%
25.7%
25.7%
5.9%
5.9%
22.4%
22.4%
0.7%
0.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
11.4%
11.4%
20.7%
20.7%
35.3%
35.3%
24.9%
24.9%
7.3%
7.3%
0% 100.0%
% of Homes