Zip Code 21234

Parkville, MDBaltimore County County

Real Estate Market Analysis

Q3 2025 Report
$335,000 (June 2025 list price)
Median Home Value
~69,000
Population
$69,000
Median Income
B (Niche, 2024)
School District Rating

Market Statistics

Property Values

$335,000 (June 2025 list price)
Median Home Value
$1,700–$1,900 (estimate, based on Baltimore County averages)
Median Rent
$191 (June 2025)
Price per Sq Ft

Market Performance

Home Appreciation+2.6% YoY (March 2025)
Market VelocityNeutral market; homes selling at typical pace
Foreclosure RateLow; in line with Baltimore County averages

Area Information

Area Size~10.5 sq mi
CountyBaltimore County
Primary CityParkville

Housing Profile

Housing Statistics

Total Housing Units~25,000 (estimate)
Owner Occupied~60%
Rental Properties~40%
Vacant Units~6%
New ConstructionLimited; inventory remains tight[2]

Housing Types

Single-family detachedTownhomesCondosApartments

Demographics

~69,000
Population
38
Median Age
$69,000
Median Income
~95% (unemployment ~5%)
Employment Rate
High school graduate or higher: 91%; Bachelor's degree or higher: 32%
Education Levels
Mix of families, singles, and retirees
Family Composition

Education Quality

School District Performance

B (Niche, 2024)
District Rating
School DistrictBaltimore County Public Schools
Test ScoresAverage to above average for Maryland
Graduation Rates~87%

Schools in Area

  • Pine Grove Elementary
  • Parkville High School
  • Loch Raven High School
  • Carney Elementary

Economic Factors

Employment & Business

Job GrowthStable, moderate growth projected for 2025
Unemployment Rate~5%
Business EnvironmentDiverse, with retail, healthcare, and education sectors prominent
Commercial ActivityActive retail corridors, local businesses, and service providers

Major Employers

  • Johns Hopkins University
  • MedStar Health
  • Baltimore County Government
  • Retail and logistics centers

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-695 (Baltimore Beltway)
  • MD-41 (Perring Pkwy)
  • MTA bus routes

Utilities & Services

  • Baltimore Gas & Electric
  • County water/sewer
  • Multiple waste management providers

Quality of Life

Safety & Environment

Moderate; lower than Baltimore City, higher than some suburbs

Good; suburban with mature trees, some traffic noise

Healthcare Access

  • MedStar Franklin Square
  • Greater Baltimore Medical Center
  • Multiple urgent care centers

Development Trends

Planned Developments

  • Small-scale infill housing
  • Retail center renovations

Infrastructure Projects

  • Road resurfacing
  • Sidewalk improvements

Investment Outlook

Growth Outlook

Stable, with modest population and housing growth

Investment Opportunities

  • Value-add single-family homes
  • Small multifamily properties
  • Retail storefronts

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Young families
  • Move-up buyers
  • Investors

Competitive Advantages

  • Lower crime than city
  • Access to highways
  • Diverse housing stock

Pricing Strategies

List at or slightly below median to attract multiple offers in neutral market

Common Objections & Response Strategies

Objection: Concerns about crime rates

Response Strategy:

Provide local crime data showing improvement and highlight neighborhood watch programs.

Objection: Older housing stock

Response Strategy:

Emphasize recent renovations, solid construction, and value-add potential.

Objection: School quality uncertainty

Response Strategy:

Share district ratings, test score data, and testimonials from local families.

Professional Recommendations

1

Educate buyers on neutral market dynamics and the importance of pre-approval.

2

Highlight school quality and community amenities in marketing.

3

Advise sellers to price competitively and stage homes for maximum appeal.

4

Target investors with data on rental yields and value-add potential.

5

Stay updated on local inventory trends and new developments.

Competitive Analysis

Comparable Markets

  • 21236 (Nottingham)
  • 21206 (Overlea)
  • 21214 (Hamilton)

Market Positioning

Affordable suburban alternative to Baltimore City

Competitive Advantages

  • Higher median income than city
  • Better schools than urban core
  • Balanced price point

Price Comparison

21234 median home value ($335,000) is higher than Baltimore City ($190,745) but lower than some nearby suburbs

Investment Metrics

5.5%–6.5% (estimate for single-family rentals)
Cap Rates
~6% gross yield
Rental Yields
~16–18
Price-to-Rent
Positive for well-priced rentals; strong tenant demand
Cash Flow
2–3% annual growth expected
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability, FHA/VA loan options, and suburban amenities.

Move-Up Buyers

Seek larger homes, better schools, and quieter neighborhoods.

Downsizers

Look for low-maintenance townhomes or condos near services.

Investors

Focus on rental demand and value-add opportunities.

Relocators

Drawn by access to highways, employment centers, and stable community.

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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