Hyattsville, MD Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hyattsville, MD Housing Market Trends

With a population of 18,230, 6,592 total housing units (homes and apartments), and a median house value of $407,536, real estate costs in Hyattsville 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.

Large apartment complexes or high rise apartments are the single most common housing type in Hyattsville, accounting for 46.46% of the city's housing units. Other types of housing that are prevalent in Hyattsville include single-family detached homes ( 38.82%), row houses and other attached homes ( 10.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.42%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Hyattsville primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Hyattsville has a mixture of owner-occupied and renter-occupied housing.

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. Hyattsville's housing was primarily built during this period, from the '40s through the '60s. A full 46.49% of the city's housing hails from this era. Other housing ages represented in Hyattsville include homes built between 2000 and later ( 22.65%) and housing constructed before 1939 ( 19.07%). There's also some housing in Hyattsville built between 1970-1999 ( 11.79%).

Hyattsville Home Appreciation Rates

In the last 10 years, Hyattsville has experienced some of the highest home appreciation rates of any community in the nation. Hyattsville real estate appreciated 60.57% over the last ten years, which is an average annual home appreciation rate of 4.85%, putting Hyattsville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hyattsville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Hyattsville appreciation rates have trailed the rest of the nation. In the last twelve months, Hyattsville's appreciation rate has been 4.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hyattsville were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Notably, Hyattsville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Maryland, our data show that Hyattsville's latest annual appreciation rate is lower than 50% 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 Hyattsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hyattsville - 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 Hyattsville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$407,536

Hyattsville, MD HOME PRICES

> $1,184,000
0.4%
0.4%
$887,001 - $1,184,000
0.0%
0.0%
$592,001 - $887,000
8.3%
8.3%
$473,001 - $592,000
15.8%
15.8%
$355,001 - $473,000
30.6%
30.6%
$237,001 - $355,000
29.7%
29.7%
$119,001 - $237,000
12.0%
12.0%
$59,001 - $119,000
2.1%
2.1%
$0 - $59,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MD

Value Relative To Nation

Number Of Homes And Apartments:
6,592

Hyattsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
154.86% 4.56%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,685 / per month

Homeownership Rate

Owners
46.6%
46.6%
Renters
53.4%
53.4%
Vacant
6.3%
6.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
22.6%
22.6%
1970 - 1999
11.8%
11.8%
1940 - 1969
46.5%
46.5%
1939 or Older
19.1%
19.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
38.8%
38.8%
Townhomes
10.3%
10.3%
Small Apt. Buildings
4.4%
4.4%
Apt. Complexes
46.5%
46.5%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.4%
3.4%
1 Bedroom
20.5%
20.5%
2 Bedrooms
33.2%
33.2%
3 Bedrooms
24.7%
24.7%
4 Bedrooms
13.2%
13.2%
5 or more bedrooms
5.0%
5.0%
0.0% 100.0%
% OF HOMES