Pikesville, MD

Population: 30,764
Average annual home appreciation rate: 3.46%
Total of homes for sale in this market: 78
Median home price: $307,853
Median Rent: $1,255 per room
Home price range: 28.67% of homes are between $204,001 – $306,000
Median sales price: $216,000
Number of homes: 102
Median foreclosure sales price: $183,145
Foreclosure discount: 15%
Most common home type: 41.61% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 4.19%
Number of renters: 33.84%
Number of owner occupied: 66.16%
Number people living below poverty level: 8.47%
Unemployment rate: 6.20%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Pikesville area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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