Waldorf, 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

Waldorf, MD Housing Market Trends

With a population of 71,762, 27,760 total housing units (homes and apartments), and a median house value of $311,170, Waldorf real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Waldorf, accounting for 56.91% of the town's housing units. Other types of housing that are prevalent in Waldorf include row houses and other attached homes ( 26.99%), large apartment complexes or high rise apartments ( 13.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waldorf. Owner-occupied housing accounts for 68.73% of Waldorf's homes, and 73.37% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Waldorf 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 Waldorf built between 2000 and later ( 30.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.94%).

Waldorf Home Appreciation Rates

Real estate appreciation rates in Waldorf's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.06% during the period.

Over the last year, Waldorf appreciation rates have trailed the rest of the nation. In the last twelve months, Waldorf's appreciation rate has been 4.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waldorf were at 1.50%, which equates to an annual appreciation rate of 6.13%.

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

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

Average Home Values

 

Median Home Value:
$311,170

Waldorf, MD HOME PRICES

> $1,145,000
0.6%
0.6%
$859,001 - $1,145,000
0.2%
0.2%
$572,001 - $859,000
1.7%
1.7%
$458,001 - $572,000
7.3%
7.3%
$344,001 - $458,000
26.7%
26.7%
$229,001 - $344,000
40.9%
40.9%
$115,001 - $229,000
19.3%
19.3%
$57,001 - $115,000
0.3%
0.3%
$0 - $57,000
3.0%
3.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for MD

Value Relative To Nation

Number Of Homes And Apartments:
27,760

Waldorf 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
79.13% 2.81%
4
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,284 / per month

Homeownership Rate

Owners
68.7%
68.7%
Renters
31.3%
31.3%
Vacant
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
30.2%
30.2%
1970 - 1999
60.3%
60.3%
1940 - 1969
8.9%
8.9%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
56.9%
56.9%
Townhomes
27.0%
27.0%
Small Apt. Buildings
2.2%
2.2%
Apt. Complexes
13.1%
13.1%
Mobile Homes
0.7%
0.7%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
6.0%
6.0%
2 Bedrooms
13.2%
13.2%
3 Bedrooms
43.5%
43.5%
4 Bedrooms
29.9%
29.9%
5 or more bedrooms
6.8%
6.8%
0.0% 100.0%
% OF HOMES