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 9,444 people, 3,540 houses or apartments, and a median cost of homes of $353,985, Bladensburg real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Bladensburg, accounting for 72.98% of the town's housing units. Other types of housing that are prevalent in Bladensburg include single-family detached homes ( 16.06%), row houses and other attached homes ( 7.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.93%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Bladensburg is dominated by renter-occupied one, two, or no bedrooms apartments. 81.07% of Bladensburg's dwellings are rentals.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bladensburg's housing was primarily built during this period, from the '40s through the '60s. A full 45.62% of the town's housing hails from this era. Other housing ages represented in Bladensburg include homes built between 1970-1999 ( 38.03%) and housing constructed between 2000 and later ( 8.63%). There's also some housing in Bladensburg built before 1939 ( 7.72%).
Bladensburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bladensburg during the period has been just 5.04%, which is lower than 80% of US communities.
Over the last year, Bladensburg appreciation rates have trailed the rest of the nation. In the last twelve months, Bladensburg's appreciation rate has been 3.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bladensburg were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Bladensburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maryland, our data show that Bladensburg's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.
$353,985
for Maryland
for nation
3,540
$2,231 / per month