Maryland
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Maryland Real Estate Market & Appreciation

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

Average Home Values

Median Home Value:
$343,592

Number Of Homes And Apartments:
2,205,204

Maryland Home Prices

> $1,133,274
2.7%
2.7%
$849,915 - $1,133,274
3.6%
3.6%
$566,707 - $849,914
11.6%
11.6%
$453,338 - $566,706
11.5%
11.5%
$340,012 - $453,337
19.6%
19.6%
$226,660 - $340,011
24.8%
24.8%
$113,306 - $226,659
18.3%
18.3%
$56,621 - $113,305
5.0%
5.0%
$0 - $56,620
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Maryland Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
1.75% 7.18%
3
Last 12 Months:
2019 Q4 - 2020 Q4
5.07% 5.07%
3
Last 2 Years:
2018 Q4 - 2020 Q4
9.51% 4.65%
3
Last 5 Years:
2015 Q4 - 2020 Q4
18.55% 3.46%
2
Last 10 Years:
2010 Q4 - 2020 Q4
21.84% 1.99%
2
Since 2000:
2000 Q1 - 2020 Q4
115.78% 3.78%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,946 / per month

Homeownership Rate

Owners
65.3%
65.3%
Renters
34.7%
34.7%
Vacant
9.9%
9.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
16.3%
16.3%
1970 - 1999
43.8%
43.8%
1940 - 1969
28.2%
28.2%
1939 or Older
11.8%
11.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.4%
51.4%
Townhomes
21.3%
21.3%
Small Apt. Buildings
3.7%
3.7%
Apt. Complexes
22.1%
22.1%
Mobile Homes
1.4%
1.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
10.0%
10.0%
2 Bedrooms
21.6%
21.6%
3 Bedrooms
37.1%
37.1%
4 Bedrooms
21.8%
21.8%
5 or more bedrooms
7.6%
7.6%
0.0% 100.0%
% OF HOMES