Analysis: Harford ranks No. 7 in foreclosures among state’s urban counties

Analysis: Harford ranks No. 7 in foreclosures among state’s urban counties
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Harford County had the seventh highest foreclosure rate among Maryland’s urban counties, according to an ATTOM Data Solutions analysis of property data.

One in 388 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 253 properties in Harford County with a foreclosure filing during the first three months of 2018. The county has more than 98,000 housing units. The foreclosure rate in the county is down 15.1 percent from the end of 2017 and down 45.47 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 Area County Population Housing Units Q1 2018 Properties with Foreclosure Filings Foreclosure Rate (Housing Units Per Foreclosure Filing) Change from Q4 2017 (%) Change from Q1 2017 (%)
Washington-Arlington-Alexandria,
DC-VA-MD-WV
Prince George’s County 897,693 330,708 1,499 221 -3.60 -0.13
Baltimore-Columbia-Towson, MD Baltimore
City
621,000 296,923 1,273 233 -7.49 -24.99
Washington-Arlington-Alexandria,
DC-VA-MD-WV
Calvert 90,527 34,613 131 264 65.82 -16.03
Washington-Arlington-Alexandria,
DC-VA-MD-WV
Charles 154,357 58,014 167 354 8.61 -47.77
Baltimore-Columbia-Towson, MD Baltimore  825,666 337,031 945 357 5.35 -29.99
California-Lexington Park, MD Saint Marys 110,675 43,276 114 380 -13.64 14.00
Baltimore-Columbia-Towson, MD Harford 249,776 98,277 253 388 -15.10 -45.47
Salisbury, MD-DE Wicomico 101,527 41,911 107 392 -12.30 8.08
Baltimore-Columbia-Towson, MD Queen
Anne’s County
48,712 20,754 49 424 -28.99 4.26
Hagerstown-Martinsburg, MD-WV Washington 149,571 61,199 143 428 -29.90 -39.41
Baltimore-Columbia-Towson, MD Anne
Arundel
559,737 219,319 506 433 -10.44 -17.18
Easton, MD Talbot 37,668 20,110 45 447 50.00 28.57
Cumberland, MD-WV Allegany 73,060 33,211 71 468 -5.33 7.58
Salisbury, MD-DE Somerset 25,899 11,244 22 511 -38.89 -8.33
Baltimore-Columbia-Towson, MD Carroll 167,535 63,123 103 613 -27.46 -43.41
Cambridge, MD Dorchester 32,451 16,700 27 619 -25.00 -34.15
Baltimore-Columbia-Towson, MD Howard 308,447 115,003 181 635 11.73 -30.65
Philadelphia-Camden-Wilmington,
PA-NJ-DE-MD
Cecil 102,175 42,269 62 682 -39.81 -13.89
Salisbury, MD-DE Worcester 51,441 55,822 57 979 -24.00 -51.69
Washington-Arlington-Alexandria,
DC-VA-MD-WV
Montgomery 1,026,371 385,485 390 988 -15.58 -45.45
Washington-Arlington-Alexandria,
DC-VA-MD-WV
Frederick 243,465 93,645 84 1,115 -45.10 -71.13

Source: ATTOM Data Solutions



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