Home Values

Elkridge Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$313,900

  • -0.0% 1-year change
  • -0.2% 1-year forecast

The median home value in Elkridge is $313,900. Elkridge home values have declined -0.0% over the past year and Zillow predicts they will fall -0.2% within the next year. The median list price per square foot in Elkridge is None. The median rent price in Elkridge is $1,950, which is higher than the Baltimore Metro median of $1,495.

Foreclosures will be a factor impacting home values in the next several years. In Elkridge 4.2 homes are foreclosed (per 10,000). This is lower than the Baltimore Metro value of 6.8 and also greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Elkridge is 5.4%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Elkridge homeowners underwater on their mortgage is 19.4%, which is higher than Baltimore Metro at 18.7%.

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Relative ZHVI
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Elkridge Market Overview

Data through May 31, 2015
  • $313,900 ZHVI
  • -0.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $303,147 Median sale price (Apr 30, 2015)
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Elkridge Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 19.4% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

4.2 homes Elkridge
6.8 homes Baltimore Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Ellicott City $484,900
Savage $384,200
Hanover $333,000
Name Median ZHVI
Columbia $326,400
Severn $294,700
Jessup $294,300
Name Median ZHVI
Catonsville $267,800
Linthicum Heights $263,100
Halethorpe $193,500

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $205 Median sale price / sq ft
  • No data Listings with price cut
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Elkridge Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,125 Elkridge
    $1,736 Baltimore Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,950 Rent list price
  • $1.49 Rent list price / sq ft
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