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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.



Pikesville, 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 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

Pikesville, MD Housing Market Trends

With 34,168 people, 13,681 houses or apartments, and a median cost of homes of $646,552, real estate costs in Pikesville 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.

Large apartment complexes or high rise apartments are the single most common housing type in Pikesville, accounting for 44.21% of the town's housing units. Other types of housing that are prevalent in Pikesville include single-family detached homes ( 37.32%), row houses and other attached homes ( 16.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.92%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

Dwellings in Pikesville tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 45.69% of the homes in Pikesville have two or fewer bedrooms.

There is a lot of housing in Pikesville 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 Pikesville built between 1940-1969 ( 36.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.83%). There's also some housing in Pikesville built before 1939 ( 3.86%).

Pikesville Home Appreciation Rates

Real estate appreciation rates in Pikesville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.76% during the period.

Over the last year, Pikesville appreciation rates have trailed the rest of the nation. In the last twelve months, Pikesville's appreciation rate has been 5.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pikesville were at 2.23%, which equates to an annual appreciation rate of 9.22%.

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

Average Home Values

Median Home Value

$646,552

Pikesville, MD Home Prices
> $1,372,000
$1,029,001 - $1,372,000
$687,001 - $1,029,000
$549,001 - $687,000
$412,001 - $549,000
$275,001 - $412,000
$137,001 - $275,000
$68,001 - $137,000
$0 - $68,000
4.3%
4.3%
9.7%
9.7%
21.2%
21.2%
14.0%
14.0%
16.6%
16.6%
16.1%
16.1%
13.6%
13.6%
3.2%
3.2%
1.3%
1.3%
0% 100.0%
% of Homes
High

for Maryland

Very High

for nation

Number of Homes And Apartments:

13,681

Pikesville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,840 / per month

Homeownership Rate

Owners
Renters
67.3%
67.3%
32.7%
32.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.7%
5.7%
94.3%
94.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.8%
11.8%
47.9%
47.9%
36.4%
36.4%
3.9%
3.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
37.3%
37.3%
16.0%
16.0%
1.9%
1.9%
44.2%
44.2%
0.5%
0.5%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
13.4%
13.4%
30.8%
30.8%
25.8%
25.8%
18.6%
18.6%
10.0%
10.0%
0% 100.0%
% of Homes