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 2,438, 892 total housing units (homes and apartments), and a median house value of $665,875, Hughesville house prices are not only among the most expensive in Maryland, Hughesville real estate also is some of the most expensive in all of America.
Hughesville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Hughesville 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 Hughesville. Owner-occupied housing accounts for 94.75% of Hughesville's homes, and 78.76% have either three or four bedrooms, which is average sized relative to America.
Hughesville homes and real estate are some of the newest in America. 42.27% of Hughesville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Hughesville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.94%), and between 1940-1969 ( 15.36%). There's also some housing in Hughesville built before 1939 ( 4.43%).
Hughesville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hughesville during the period has been just 4.74%, which is lower than 80% of US communities.
Over the last year, Hughesville appreciation rates have trailed the rest of the nation. In the last twelve months, Hughesville's appreciation rate has been 3.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hughesville were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Hughesville 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 Hughesville's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.
$665,875
for Maryland
for nation
892
$2,579 / per month