Business, Real Estate

Parkville named one of the hottest affordable U.S. neighborhoods of 2019

Parkville MDParkville has been named one of the ten hottest, affordable neighborhoods in the United States.

The new report from Redfin ranks Parkville at number three in the U.S.

In the 2019 report, Redfin ranks the hottest affordable neighborhoods for the typical homebuyer. The online real estate company uses a modified version of the methodology from their annual hottest neighborhoods report.

The report tracks year-over-year growth in listing views and favorites and incorporates Redfin agent insights to see which neighborhoods are growing in popularity, but with a price cap of $294,000, the median home price across all markets Redfin serves.

Redfin’s data on Parkville:

Median sale price: $204,900
Median sale price for metro area: $270,000
Average sale-to-list price ratio: 98.2%
Percent of homes that sold above list price: 24%

“Parkville is popular for people who want to live slightly outside the city of Baltimore. People appreciate that they’re not too far from downtown, but the property taxes are less expensive and the homes tend to be larger,” said Redfin agent Juliana Weaver. “There are also a lot of cute Cape Cod style homes in the area, so I always tell people about Parkville if they’re looking for that type of home.”

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Hamilton and Linthicum were the other Maryland neighborhoods that made the list.

To see the full 2019 Redfin report, click here.

Redfin Top Ten Affordable 2019

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