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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 44,701, 16,115 total housing units (homes and apartments), and a median house value of $449,184, Catonsville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Catonsville, accounting for 49.70% of the town's housing units. Other types of housing that are prevalent in Catonsville include large apartment complexes or high rise apartments ( 26.60%), row houses and other attached homes ( 17.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.15%).
The most prevalent building size and type in Catonsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.22% owning and 36.78% 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. Catonsville's housing was primarily built during this period, from the '40s through the '60s. A full 35.09% of the town's housing hails from this era. Other housing ages represented in Catonsville include homes built between 1970-1999 ( 34.95%) and housing constructed before 1939 ( 19.64%). There's also some housing in Catonsville built between 2000 and later ( 10.32%).
Catonsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Catonsville during the period has been just 4.92%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Catonsville's appreciation rate, at 5.75%, has been at or slightly above the national average. In the latest quarter, Catonsville's appreciation rate has been 2.23%, which annualizes to a rate of 9.22%.
Relative to Maryland, our data show that Catonsville's latest annual appreciation rate is higher than 50% 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 Catonsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Catonsville - 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 Catonsville real estate investment or home purchase decisions.
$449,184
for Maryland
for nation
16,115
$2,672 / per month