Havre De Grace appreciation rates and housing market information

Havre De Grace housing market information

With a population of 11,340, 4,874 total housing units (homes and apartments), and a median house value of $296,087, Havre De Grace real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Havre De Grace, accounting for 46.66% of the city's housing units. Other types of housing that are prevalent in Havre De Grace include row houses and other attached homes (21.56%), large apartment complexes or high rise apartments (18.38%), and a few duplexes, homes converted to apartments, or other small apartment buildings (13.03%).

The most prevalent building size and type in Havre De Grace are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 52.07% owning, and 40.99% renting.

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. Havre De Grace's housing was primarily built during this period, from the '40s through the '60s. A full 33.89% of the city's housing hails from this era. Other housing ages represented in Havre De Grace include homes built between 1970-1994 (29.79%), and housing constructed from 1939 and earlier (23.70%). There's also some housing in Havre De Grace built between 1995 and later (12.62%).

Havre De Grace home appreciation rates

In the last 10 years, Havre De Grace has experienced some of the highest home appreciation rates of any community in the nation. Havre De Grace real estate appreciated 143.53% over the last ten years, which is an average annual home appreciation rate of 14.35%, putting Havre De Grace in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Havre De Grace 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, Havre De Grace appreciation rates have trailed the rest of the nation. In the last twelve months, Havre De Grace's appreciation rate has been -3.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Havre De Grace were at -0.71%, which equates to an annual appreciation rate of -2.84%.

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

Relative to Maryland, our data show that Havre De Grace's latest annual appreciation rate is higher than 89% 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 Havre De Grace differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Havre De Grace - 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 1990, to assist you in making the best Havre De Grace real estate investment or home purchase decisions.