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 75,947, 26,879 total housing units (homes and apartments), and a median house value of $790,200, 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 55.15% of the town's housing units. Other types of housing that are prevalent in Ellicott City include large apartment complexes or high rise apartments ( 27.33%), row houses and other attached homes ( 16.99%).
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 71.54% of Ellicott City's homes, and 57.15% 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 ( 32.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.81%). There's also some housing in Ellicott City built before 1939 ( 1.80%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Ellicott City, where house values have increased just 52.65%, which is annualized rate of 4.32%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Ellicott City's appreciation rate, at 7.50%, has been at or slightly above the national average. In the latest quarter, Ellicott City's appreciation rate has been 2.23%, which annualizes to a rate of 9.22%.
Relative to Maryland, our data show that Ellicott City'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 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.
$790,200
for Maryland
for nation
26,879
$3,513 / per month