Dundalk, MD Real Estate Market
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 Q2 2024. 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
Dundalk, MD Housing Market Trends
With a population of 67,796, 24,805 total housing units (homes and apartments), and a median house value of $237,122, house prices in Dundalk are solidly below the national average.
Row houses and other attached homes are the single most common housing type in Dundalk, accounting for 46.34% of the town's housing units. Other types of housing that are prevalent in Dundalk include single-family detached homes ( 35.90%), large apartment complexes or high rise apartments ( 11.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.88%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
The most prevalent building size and type in Dundalk are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 62.86% owning and 37.14% 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. Dundalk's housing was primarily built during this period, from the '40s through the '60s. A full 70.68% of the town's housing hails from this era. Other housing ages represented in Dundalk include homes built between 1970-1999 ( 14.28%) and housing constructed before 1939 ( 9.54%). There's also some housing in Dundalk built between 2000 and later ( 5.50%).
Dundalk Home Appreciation Rates
Dundalk's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dundalk during the period has been just 5.08%, which is lower than 80% of US communities.
Over the last year, Dundalk appreciation rates have trailed the rest of the nation. In the last twelve months, Dundalk's appreciation rate has been 3.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dundalk were at 2.23%, which equates to an annual appreciation rate of 9.22%.
Relative to Maryland, our data show that Dundalk's latest annual appreciation rate is lower than 70% 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 Dundalk differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dundalk - 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 Dundalk real estate investment or home purchase decisions.
Median Home Value
$237,122
Very Low
for Maryland
Average
for nation
Number of Homes And Apartments:
24,805
MD
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$2,480 / per month