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 24,064, 8,669 total housing units (homes and apartments), and a median house value of $600,824, real estate costs in Arnold are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.
Arnold is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Arnold than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Arnold. Owner-occupied housing accounts for 84.95% of Arnold's homes, and 76.24% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Arnold 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 Arnold built between 1940-1969 ( 19.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.33%). There's also some housing in Arnold built before 1939 ( 2.82%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Arnold, where house values have increased just 47.29%, which is annualized rate of 3.95%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Arnold appreciation rates have trailed the rest of the nation. In the last twelve months, Arnold's appreciation rate has been 3.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arnold were at 2.23%, which equates to an annual appreciation rate of 9.22%.
Relative to Maryland, our data show that Arnold's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Arnold differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Arnold - 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 Arnold real estate investment or home purchase decisions.
$600,824
for Maryland
for nation
8,669
$3,845 / per month