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Baltimore City Wire

Tuesday, December 24, 2024

Analysis: Baltimore City ranks No. 2 in foreclosures among state’s urban counties

Foreclosuresign

Wikimedia Commons

Wikimedia Commons

Baltimore City had the second highest foreclosure rate among Maryland’s urban counties, according to an ATTOM Data Solutions analysis of property data.

One in 233 properties in the county, which is part of the Baltimore-Columbia-Towson Metropolitan Statistical Area (MSA), started the foreclosure process during the first quarter of the year.

The data shows 1,273 properties in Baltimore City with a foreclosure filing during the first three months of 2018. The county has more than 296,000 housing units. The foreclosure rate in the county is down 7.49 percent from the end of 2017 and down 24.99 percent from a year ago.

Prince George’s County in the Washington-Arlington-Alexandria metro area recorded the highest foreclosure rate (1 in 221 properties) for Maryland MSAs during the first quarter. And Frederick County, which is also part of the Washington metro area, had the lowest foreclosure rate for Maryland MSAs (1 in 1,115 properties). 

In all of Maryland, 6,286 properties started the foreclosure process in the first quarter – a 7.42 percent decrease over the fourth quarter of 2017 and a 25.65 percent decrease from this time last year.

Metropolitan statistical area foreclosure rates

Metro Statistical AreaCountyPopulationHousing UnitsQ1 2018 Properties with Foreclosure FilingsForeclosure Rate (Housing Units Per Foreclosure Filing)Change from Q4 2017 (%)Change from Q1 2017 (%)

Washington-Arlington-Alexandria,

DC-VA-MD-WV

Prince George's County897,693330,7081,499221-3.60-0.13
Baltimore-Columbia-Towson, MDBaltimore

City

621,000296,9231,273233-7.49-24.99
Washington-Arlington-Alexandria,

DC-VA-MD-WV

Calvert90,52734,61313126465.82-16.03
Washington-Arlington-Alexandria,

DC-VA-MD-WV

Charles154,35758,0141673548.61-47.77
Baltimore-Columbia-Towson, MDBaltimore 825,666337,0319453575.35-29.99
California-Lexington Park, MDSaint Marys110,67543,276114380-13.6414.00
Baltimore-Columbia-Towson, MDHarford249,77698,277253388-15.10-45.47
Salisbury, MD-DEWicomico101,52741,911107392-12.308.08
Baltimore-Columbia-Towson, MDQueen

Anne's County

48,71220,75449424-28.994.26
Hagerstown-Martinsburg, MD-WVWashington149,57161,199143428-29.90-39.41
Baltimore-Columbia-Towson, MDAnne

Arundel

559,737219,319506433-10.44-17.18
Easton, MDTalbot37,66820,1104544750.0028.57
Cumberland, MD-WVAllegany73,06033,21171468-5.337.58
Salisbury, MD-DESomerset25,89911,24422511-38.89-8.33
Baltimore-Columbia-Towson, MDCarroll167,53563,123103613-27.46-43.41
Cambridge, MDDorchester32,45116,70027619-25.00-34.15
Baltimore-Columbia-Towson, MDHoward308,447115,00318163511.73-30.65
Philadelphia-Camden-Wilmington,

PA-NJ-DE-MD

Cecil102,17542,26962682-39.81-13.89
Salisbury, MD-DEWorcester51,44155,82257979-24.00-51.69
Washington-Arlington-Alexandria,

DC-VA-MD-WV

Montgomery1,026,371385,485390988-15.58-45.45
Washington-Arlington-Alexandria,

DC-VA-MD-WV

Frederick243,46593,645841,115-45.10-71.13
Source: ATTOM Data Solutions

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