Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 40,648, 16,969 total housing units (homes and apartments), and a median house value of $767,932, Annapolis house prices are not only among the most expensive in Maryland, Annapolis real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Annapolis, accounting for 38.35% of the city's housing units. Other types of housing that are prevalent in Annapolis include large apartment complexes or high rise apartments ( 31.20%), row houses and other attached homes ( 25.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.93%).
The most prevalent building size and type in Annapolis are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.82% owning and 41.18% renting.
There is a lot of housing in Annapolis built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Annapolis built between 1940-1969 ( 26.79%). A lesser amount of the housing stock also hails from before 1939 ( 15.49%). There's also some housing in Annapolis built between 2000 and later ( 14.66%).
Annapolis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Annapolis during the period has been just 5.04%, which is lower than 80% of US communities.
Appreciation rates are so strong in Annapolis that despite a nationwide downturn in the housing market, Annapolis real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Annapolis appreciation rates continue to be some of the highest in America, at 8.39%, which is higher than appreciation rates in 74.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Annapolis. Annapolis appreciation rates in the latest quarter were at 2.23%, which equates to an annual appreciation rate of 9.22%.
Relative to Maryland, our data show that Annapolis's latest annual appreciation rate is higher than 80% of the other cities and towns in Maryland.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Annapolis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Annapolis - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Annapolis real estate investment or home purchase decisions.
$767,932
for Maryland
for nation
16,969
$3,097 / per month